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Harrah's
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gaming company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harrah's Atlantic City
Harrah's Resort Atlantic City is a casino hotel in the marina district of Atlantic City, New Jersey, owned by Vici Properties and operated by Caesars Entertainment. Harrah's is one of the largest hotels in New Jersey. The casino is one of three in the marina district of the city, along with the Borgata and the Golden Nugget. Harrah's was the first to be located in the district and remained the only resort there until Trump's Castle (later Trump Marina, now the Golden Nugget) was opened in 1985. It was the fifth casino to open after the legalization of gambling. History Harrah's Atlantic City was conceived, and initial construction started, by a partnership of LM Walters Co and Holiday Inns. It was originally to be named the "Holiday Inn Marina Casino". Holiday Inns purchased Harrah's Corporation, following the death of Harrah's founder Bill Harrah, during construction of the facility. Though Bill Harrah did not participate in the new casino's development, the facility was re- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harrah's Reno
Harrah's Reno is a closed casino hotel in downtown Reno, Nevada. It is owned by CAI Investments, which plans to renovate the building as a mixed-use development named Reno City Center. It is credited for being the first property of the Harrah's casino chain, founded by William F. Harrah. History William F. Harrah opened his first bingo parlor on October 29, 1937, but by December 1937, that parlor was closed. Harrah then spent the winter raising money and re-opened his casino, now called the Heart Tango. The Heart Tango location was between Virginia and Center streets, in the heart of the Reno casino action. Over time, Harrah slowly acquired neighboring casinos adjacent to his Virginia Street casino. Harrah slowly built his operation. In 1968, Harrah acquired The Reno Golden Hotel and contracted noted casino architect Martin Stern Jr. to create and construct a luxury 24–story hotel tower to build atop the bones of the former Grand Hotel. The tower opened on October 10, 1969. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vici Properties
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 44 casinos, hotels, and racetracks and 4 golf courses throughout the United States. History Vici Properties was formed as part of the Chapter 11 bankruptcy reorganization of Caesars Entertainment Operating Company (CEOC), the largest division of Caesars Entertainment. After placing CEOC into bankruptcy in January 2015, Caesars proposed splitting CEOC into two companies: a REIT, which would own the company's casinos, and an operating company, which would manage them. The plan was designed to maximize value for CEOC's creditors by taking advantage of favorable tax treatment for REITs. Several members of Congress opposed the plan, calling it an abuse of the REIT laws. They asked the Internal Revenue Service to deny tax-free status to the spi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eldorado Resorts
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020. History The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973, by a group of investors that included Don Carano and other members of the Carano family. On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises. The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100-million bond offering. In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the Eldorado Casino Shreveport. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harrah's Lake Tahoe
Harrah's Lake Tahoe is a hotel and casino in Stateline, Nevada. Harrah's is branded with the name of its former owner and operator William F. Harrah. It is now owned by Vici Properties and operated by Caesars Entertainment. The 18-story tower and 512 rooms, plus casino make it one of the largest resorts at South Lake Tahoe. History Harrah's was first established in Lake Tahoe when William F. Harrah purchased George's Gateway Club in January 1955, for $500,000. Harrah’s Lake Club opened on June 20, 1955, which it is now Harveys Lake Tahoe. In 1956, Harrah’s Lake Club was sold for $5.25 million in cash to Harvey Gross, which at the time was the most expensive casino purchase ever. In 1958, Bill Harrah acquired an interest in the Stateline Country Club and Nevada Club across the street (Harrah's current location) and opened Harrah's Stateline Club. Also in 1956, a new radio station, KOWL, had its original radio studio inside the Harrah's Stateline Club. They were located on t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Harrah
William Fisk Harrah (September 2, 1911 – June 30, 1978) was an American businessman and the founder of Harrah's Hotel and Casinos, now part of Caesars Entertainment. Early years and education Harrah was born in South Pasadena, California, the son of attorney and politician John Harrah. Harrah studied mechanical engineering at UCLA where he was a member of the Phi Delta Theta fraternity. Harrah was forced to drop out because the Great Depression. He worked at various family businesses including a pool hall, a hot dog stand, a shooting gallery, and a bingo-style operation called the "Circle" or "Reno Game."Mandel 1982, pp. 30–33 Gaming beginnings Bingo was illegal in California, but games of skill based on bingo were legal. The Reno Game (later called the Circle Game) involved rolling a ball down a board where it would register a card suit and number. If one of the 33 players seated in a circle around the board matched a four-card sequence, he or she won, unless they were a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic City
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, boardwalk, and beaches. In 2020, the city had a population of 38,497.QuickFacts Atlantic City city, New Jersey United States Census Bureau. Accessed November 9, 2022. It was incorporated on May 1, 1854, from portions of Egg Harbor Township and |
Apollo Global Management
Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, including $372 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $80.7 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Since inception in 1990, private-equity funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees. Apollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in the Solow Building at 9 West 57th Street in New York City, with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Strip
The Las Vegas Strip is a stretch of Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas". Many of the largest hotel, casino, and resort properties in the world are on the Strip, known for its contemporary architecture, lights, and wide variety of attractions. Its hotels, casinos, restaurants, residential high-rises, entertainment offerings, and skyline have established the Strip as one of the most popular and iconic tourist destinations in the world and is one of the driving forces for Las Vegas's economy. Most of the Strip has been designated as an All-American Road, and the North and South Las Vegas Strip routes are classified as Nevada Scenic Byways and National Scenic Byways. Boundaries Historically, casino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stateline, Nevada
Stateline is a census-designated place A census-designated place (CDP) is a concentration of population defined by the United States Census Bureau for statistical purposes only. CDPs have been used in each decennial census since 1980 as the counterparts of incorporated places, su ... (CDP) on the southeastern shore of Lake Tahoe in Douglas County, Nevada, Douglas County, Nevada, United States. It lies next to the California state line and South Lake Tahoe, California, City of South Lake Tahoe. The population was 842 at the United States Census, 2010, 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 and Casino (Stateline), Hard Rock Hotel & Casino Lake Tahoe (formerly Horizon), and Harveys Lake Tahoe. Until its closu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holiday Inn
Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division of Bass Brewery from 1988-2000, Six Continents from 2000-03, and IHG Hotels & Resorts since 2003. It operates hotels under the names Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, and Holiday Inn Resorts. As of 2018, Holiday Inn operates more than 1,100 locations. History 1950s–1970s Kemmons Wilson, a resident of Memphis, Tennessee, was inspired to build a motel after being disappointed by the poor quality of roadside accommodations during a family road trip to Washington, D.C. During construction, the name "Holiday Inn" was coined by Wilson's architect Eddie Bluestein as a joking reference to the 1942 musical film '' Holiday Inn''. Their first hotel/motel opened in August 1952 as "Holiday Inn Hotel Courts" at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reno, Nevada
Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is the county seat and largest city of Washoe County, Nevada, Washoe County and sits in the High Eastern Sierra foothills, in the Truckee River valley, on the eastern side of the Sierra Nevada. The Reno metro area (along with the neighboring city Sparks, Nevada, Sparks) occupies a valley colloquially known as the Truckee Meadows which because of large-scale investments from Greater Seattle and San Francisco Bay Area companies such as Amazon (company), Amazon, Tesla, Inc., Tesla, Panasonic, Microsoft, Apple Inc., Apple, and Google has become a new list of technology centers, major technology center in the United States. The city is named after Civil War Union Major General Jesse L. Reno, who was killed in action during the American Civil War at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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