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It was widely announced in previous years that the company planned to implode properties and build new ones from scratch, but after the market downturn the company conceded that it had little experience in building major resorts.
Instead it developed Project LINQ in , which calls for retaining and improving all existing buildings while adding a collection of about 20 restaurants and bars to be built along a winding corridor between the company's Imperial Palace , O'Sheas and Flamingo casinos, on the east side of the Strip.
It is an attempt to create the kind of entertainment district that has developed organically in cities such as Los Angeles , Memphis and New Orleans yet is lacking on the Strip, with its enclosed, casino-centric zones.
In , the joint venture announced they would build a 20, seat stadium behind the Bally's and Paris casino-hotels. Through the following year, Harrah's got uncertain on continuing with the project, not knowing if AEG would split the costs, and whether building a major league-ready stadium without a guaranteed franchise to play on it would be feasible given the enduring financial crisis.
However, given the financing would require a special taxation district, opposition from Clark County regarding using public money in the project stalled it even further.
This attracted AEG primarily for not relying on public funding. The vacant lots behind the casinos had been slated for a sports arena large enough to hold a professional basketball or hockey team.
The three casinos will have over 8, rooms which can be directly connected to the arena. It was announced in August that Harrah's would run casinos in Cincinnati, Ohio and Cleveland, Ohio when they open in In November plans for an IPO were canceled, but a planned name change from Harrah's Entertainment Inc to Caesars Entertainment Corp did go forward as planned and was made official November 23, This change was intended to capitalize on the international name recognition enjoyed on the Caesars name brand.
The Harrah's brand would remain one of the company's three primary casino brands. The casino operating group's investors initiated litigation against the parent company, Caesars Entertainment Corp.
From Wikipedia, the free encyclopedia. This article is about the company known as "Harrah's Entertainment" before For the company Harrah's acquired in , see Caesars Entertainment, Inc.
The Promus Companies — Harrah's Entertainment — Horseshoe Gaming Holding Corp. List of Caesars Entertainment properties.
Form K Caesars Entertainment Corporation". Securities and Exchange Commission. Retrieved March 27, Retrieved 22 October Archived from the original on Rich in beauty and gambling".
November 21, — via NewsBank. Memphis, TN — via NewsBank. Denver Post — via NewsBank. Casino near Kansas City is ready for action". Louis Post-Dispatch — via NewsBank.
Tucson, AZ — via NewsBank. The Kansas City Star. January 31, — via NewsBank. Seattle Post-Intelligencer — via NewsBank. February 2, — via NewsBank.
Raleigh, NC — via NewsBank. Kansas City Star — via NewsBank. Omaha World-Herald — via NewsBank. December 30, — via NewsBank.
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