Caesars Entertainment Corporation was established in Reno, Nevada, more than 70 years ago. Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on four continents. The company's resorts operate primarily under the Harrah's®, Caesars® and Horseshoe® brand names. Caesars also owns the World Series of Poker® and the London Clubs International family of casinos.
Caesars employ nearly 70,000 employees world wide with an estimated annual revenue of $9 billion. The brand covers approximately 3 million square feet of gaming space, nearly 65,000 slot machines and more that 3,000 casino tables and also provide over 2 million square feet of convention space.
On July 14, 2004 Harrah's Entertainment agreed to purchase Caesars Entertainment for over $5 billion. The acquisition was completed in 2005. In turn, Harrah's was itself acquired and taken private in 2006 by a group of private equity funds including Apollo Management, Texas Pacific Group, and the Blackstone Group, and later took on the Caesars Entertainment name.
Caesars is committed to supporting the communities in which it does business by donating to local charitable organizations and providing vital volunteer support. In 2011, Caesars employees volunteered more than 126,000 hours. Caesars and its philanthropic arm, the Caesars Foundation, together committed an average of $1.45 million a week to nonprofits around the world. In 2003, Caesars established the Caesars Foundation, a private foundation funded solely by resorts owned or managed by Caesars. In 11 years, the Foundation has committed more than $60 million to charitable organizations, including the Meals On Wheels Association of America, the American Association of Retired Persons, Rebuilding Together, Clean the World and Second Wind Dreams.
Famous brands under Caesars Entertainment Corporation umbrella include the following:
- Caesars Palace
- Paris Las vegas
- Harrahs Hotel
- Planet Holywood
- Playboy Club London
- The Sportsman
- And MoreThe company history timeline can be found by clicking here. It is worth noting that in 1998 Hilton Hotels Corp. spins off its gaming businesses into Park Place Entertainment, the parent company that will later become, Caesars Entertainment.
Caesars Entertainment Corporation upper Management:
Gary W. Loveman
Chairman, Chief Executive Officer and President
Executive Vice President and Chief Financial Officer
Executive Vice President and General Counsel and Chief Regulatory and Compliance Officer
CEO, Caesars Interactive Entertainment
Global President of Destination Markets
President of Central Markets and Partnership Development
President, International Development
Executive Vice President of Human Resources
Jan Jones Blackhurst
Executive Vice President, Communications & Government Relations
Tariq M. Shaukat
Executive Vice President and Chief Marketing Officer
Senior Vice President of Development