Caesars World, Inc.
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Caesars World, Inc.
Caesars World Inc. was a hotel and casino operator. It began as Lum's Inc., owner of the Lum's chain of restaurants. It shifted into the gaming business with the purchase of Caesars Palace on the Las Vegas Strip in 1969, selling off the restaurants and changing its name. Caesars grew to eight casinos and resorts over the years, until going through a series of ownership changes beginning in 1995, and was ultimately absorbed by Park Place Entertainment in 1999. History In 1956, brothers Stuart and Clifford Perlman bought a hot dog stand in Miami Beach named Lums. They expanded to more locations, and took the company public in 1961. In partnership with Ken Chivers, they began offering franchises in 1965, growing from 15 restaurants to 90 within a few months. In the late 1960s, Lum's went on a buying spree, acquiring a meat packer, a chain of army-navy stores, and the Cove Haven honeymoon resort in the Poconos. They capped it off with Caesars Palace, bought in 1969 for $58 mil ...
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Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ...
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Pocono Mountains
The Pocono Mountains, commonly referred to as the Poconos , are a geographical, geological, and cultural region in Northeastern Pennsylvania. They overlook the Delaware River and Delaware Water Gap to the east, Lake Wallenpaupack to the north, Wyoming Valley and the Coal Region to the west, and the Lehigh Valley to the south. The name Pocono is derived from the Munsee word Pokawachne, which means "Creek Between Two Hills". Much of the Poconos region lies within the Greater New York–Newark, NY–NJ–CT–PA Combined Statistical Area. The wooded hills and valleys have long been a popular recreation area, accessible within a two-hour drive to millions of metropolitan area residents, with many Pocono communities having resort hotels with fishing, hunting, skiing, and other sports facilities. The Poconos are an upland of the larger Allegheny Plateau, forming a escarpment. Population The Pocono Mountains are a popular recreational destination for local and regional visitors. W ...
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Stateline, Nevada
Stateline is a census-designated place (CDP) on the southeastern shore of Lake Tahoe in Douglas County, Nevada, United States. It lies next to the California state line and City of South Lake Tahoe. The population was 842 at the 2010 census. The population swells considerably during the busy winter and summer seasons, due to the high number of hotel rooms and rental accommodations available. Attractions Stateline is home to four casino resorts: Bally's Lake Tahoe (formerly Caesars and MontBleu), Harrah's Lake Tahoe, Hard Rock Hotel & Casino Lake Tahoe (formerly Horizon), and Harveys Lake Tahoe. Until its closure on April 14, 2020, the Lakeside Inn catered to locals and modest gamblers. Many of the hotels in the neighboring city of South Lake Tahoe, California, organize buses to take residents to the casinos in Stateline. Stateline and South Lake Tahoe are effectively a single settlement, with the state line intersecting with U.S. Route 50 immediately after the Harrah's an ...
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MontBleu
Bally's Lake Tahoe (formerly Park Tahoe, Caesars Tahoe, and MontBleu Resort Casino) is a casino hotel in Stateline, Nevada. It is owned by Edgewood Companies and operated by Bally's Corporation. The property includes a casino and a 438-room hotel on a site. It is the home to the Ciera Steak + Chophouse. The entire property underwent a $25-million remodel in 2015, with all guest rooms, the casino, 1,200-seat showroom, and exterior being upgraded. History Park Tahoe (1978–1979) The casino first opened in 1978 as the Park Tahoe, built by Park Cattle Co. The building was designed by Daniel, Mann, Johnson & Mendenhall and constructed by Del E. Webb Corporation. Caesars World took over the next year under a 25-year lease, with options to extend it another 50 years. Caesars Tahoe (1979–2006) Caesars agreed to spend $40 million to complete construction of the hotel portion of the property, which was renamed as Caesars Tahoe Palace and later simply Caesars Tahoe. In line with the ...
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Convertible Note
In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering. Convertible bonds are most often issued by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give fixed or floating interest rate as they do in common bonds for the funds of investor. To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the poten ...
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Computer Terminal
A computer terminal is an electronic or electromechanical hardware device that can be used for entering data into, and transcribing data from, a computer or a computing system. The teletype was an example of an early-day hard-copy terminal and predated the use of a computer screen by decades. Early terminals were inexpensive devices but very slow compared to punched cards or paper tape for input, yet as the technology improved and video displays were introduced, terminals pushed these older forms of interaction from the industry. A related development was time-sharing systems, which evolved in parallel and made up for any inefficiencies in the user's typing ability with the ability to support multiple users on the same machine, each at their own terminal or terminals. The function of a terminal is typically confined to transcription and input of data; a device with significant local, programmable data-processing capability may be called a "smart terminal" or fat client. A ter ...
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All-in-one PC
An all-in-one computer or all-in-one PC (AIO) is a personal computer that integrates the system's internal components into the same case as the display, thus occupying a smaller footprint (with fewer cables) than desktops that incorporate a tower. Advantages and disadvantages Some advantages of the all-in-one computer compared to other form factors include being easier to set up, a reduced physical footprint, ease of transportation, and the option to interface with the computer via touchscreen (a now-common fixture on all-in-ones). Some disadvantages include generally being more expensive than desktop computers, a lack of customizability—most of the internal hardware such as the RAM and the SSD, especially in post-late-2010s machines, is soldered onto the system board—a lack of upgrade paths for the CPU, RAM, and technology of the display, and the difficulty of repair. History This form factor was popular during the early 1980s for personal computers intended for professi ...
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Century City
Century City is a 176-acre (71.2 ha) neighborhood and business district in Los Angeles, California. Located on the Westside to the south of Santa Monica Boulevard around 10 miles (16 km) west of Downtown Los Angeles, Century City is one of the most prominent employment centers in the Los Angeles metropolitan area, and its skyscrapers form a distinctive skyline on the Westside. The district was developed on the former backlot of film studio 20th Century Studios, and its first building was opened in 1963. Important to the economy are the Westfield Century City shopping center, business towers, and the Fox Studio Lot. History The land of Century City belonged to cowboy actor Tom Mix (1880-1940), who used it as a ranch.Gary BaumWhy Century City Ranks Among the Worst Real Estate Deals in Hollywood History ''The Hollywood Reporter'', September 26, 2013 It later became a backlot of 20th Century Fox, which still has its headquarters just to the southwest. The area is named for t ...
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Mark Antony
Marcus Antonius (14 January 1 August 30 BC), commonly known in English as Mark Antony, was a Roman politician and general who played a critical role in the transformation of the Roman Republic from a constitutional republic into the autocratic Roman Empire. Antony was a relative and supporter of Julius Caesar, and served as one of his generals during the conquest of Gaul and the Civil War. Antony was appointed administrator of Italy while Caesar eliminated political opponents in Greece, North Africa, and Spain. After Caesar's assassination in 44 BC, Antony joined forces with Marcus Aemilius Lepidus, another of Caesar's generals, and Octavian, Caesar's great-nephew and adopted son, forming a three-man dictatorship known to historians as the Second Triumvirate. The Triumvirs defeated Caesar's killers, the ''Liberatores'', at the Battle of Philippi in 42 BC, and divided the government of the Republic between themselves. Antony was assigned Rome's eastern provinces, includi ...
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Del Webb Corporation
The Del E. Webb Construction Company was a construction company that was founded in 1928 and developed by Del Webb. Headquartered in Phoenix, Arizona, United States, it became the Del E. Webb Corporation a publicly traded company on the New York Stock Exchange in 1960. The same year, the corporation unveiled Sun City, outside Phoenix, as the first community designed for active senior citizens. Many more Sun Cities were built by the corporation in the following decades. Along with construction, the corporation was also involved in real estate and owned several properties mainly hotels and casinos, many of which were built and/or expanded by the company. The company was purchased in 2001 by Pulte Homes. Pulte Homes since merged with Centex Corp. and is now PulteGroup. Del Webb continues as a brand of PulteGroup. History Founding After moving from Fresno to Phoenix in 1928, Del Webb began working for a small contractor who was building a grocery store. The contractor eventu ...
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Thunderbird (resort)
The El Rancho Hotel and Casino (formerly known as the Thunderbird and Silver Bird) was a hotel and casino that operated on the Las Vegas Strip in Winchester, Nevada. It originally opened on September 2, 1948, as the Navajo-themed Thunderbird. At the time, it was owned by building developer Marion Hicks and Lieutenant Governor of Nevada Clifford A. Jones. A sister property, the Algiers Hotel, was opened south of the Thuderbird in 1953. During the mid-1950s, the state carried out an investigation to determine whether underworld Mafia figures held hidden interests in the resort. Hicks and Jones ultimately prevailed and kept their gaming licenses. Hicks died in 1961, and his position as managing director was taken over by Joe Wells, another partner in the resort. Wells added a horse racing track known as Thunderbird Downs, located behind the resort. The Thunderbird also hosted numerous entertainers and shows, including ''Flower Drum Song'' and '' South Pacific''. Business at the re ...
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Brother Industries
is a Japanese multinational corporation, multinational electronics and electrical equipment company headquartered in Nagoya, Japan. Its products include Printer (computing), printers, multifunction printers, desktop computers, sewing machine, consumer and industrial sewing machines, large machine tools, label printers, typewriters, Fax, fax machines, and other computer-related electronics. Brother distributes its products both under its own name and under Original equipment manufacturer, OEM agreements with other companies. History Brother's history began in 1908 when it was originally called Yasui Sewing Machine Co in Nagoya, Aichi, Nagoya, Japan. In 1955, Brother International Corporation (US) was established as their first overseas sales affiliate. In 1958 a European regional sales company was established in Dublin. The corporate name was changed to Brother Industries, Ltd. in 1962. Brother entered the printer market during its long association with Centronics. In 1968 ...
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