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Caesars's largest operating unit filed for Chapter 11 bankruptcy protection on January 15, [6] [7] which led to the foundation of Vici Properties as a result. The Advocate. It was announced in August that Harrah's Entertainment would run casinos in Cincinnati and Cleveland in Ohio when they opened in On November 23, , plans for an IPO were canceled, but a planned name change from Harrah's Entertainment to Caesars Entertainment Corporation did go forward as planned and was made official on the same day. The Promus Companies β€” Harrah's Entertainment β€” Gaming Hospitality. Retrieved March 27, Caesars Entertainment. Retrieved June 18, Retrieved January 14, Securities and Exchange Commission. Three senior managers lost their licence to run a gambling business. Liquidation of Harrah's collection of almost 7, antique automobiles reportedly returned the full purchase price of the company to Holiday Inn. July 2, Chicago Sun-Times. World Series of Poker. Harrah's made its largest single expansion in , when it acquired Caesars Entertainment, Inc. Arizona Daily Star. Las Vegas Review-Journal. From to , the company consolidated control of a long stretch of the east side of the Las Vegas Strip, acquiring the Bourbon Street , [55] Imperial Palace , [56] Barbary Coast , [57] [58] and Planet Hollywood [59] casinos, along with large tracts of land behind the Strip properties. The Kansas City Star. This attracted AEG primarily for not relying on public funding. The Harrah's brand would remain one of the company's three primary casino brands. Loveman at some point sought advice from private equity tycoon David Bonderman about the possibility of spinning off ownership of Harrah's Entertainment real estate as a separate real estate investment trust REIT , hoping to attain the higher price-to-earnings ratios at which hotel companies traded, compared to gaming companies. Omaha World-Herald β€” via NewsBank. Tucson, AZ β€” via NewsBank. It was an attempt to create the kind of entertainment district that had developed organically in cities such as Los Angeles , Memphis and New Orleans yet was lacking on the Strip, with its enclosed and casino-centric zones. October 26, The New York Times. Louis Post-Dispatch β€” via NewsBank. San Mateo, CA. The program began as Total Gold on September 4, , [] and was then renamed to Total Rewards on April 4, , [] and again to Caesars Rewards on February 1, From Wikipedia, the free encyclopedia. February 19, December 17, {/INSERTKEYS}{/PARAGRAPH} This change was intended to capitalize on the international name recognition enjoyed on the Caesars name brand. 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. New Orleans CityBusiness. A IRS examination found Caesars had failed to report to the authorities over incidents involving potential criminal activity. The Commercial Appeal. On March 17, , it was announced that Caesars Entertainment Corporation and Eldorado Resorts were exploring a merger of the two companies. November 5, β€” via NewsBank. Denver Post β€” via NewsBank. Bill Harrah died at the Mayo Clinic Hospital in Rochester, Minnesota, at the age of 66, during a cardiac surgery operation to repair an aortic aneurysm. The Times-Picayune. In , the joint venture announced they would build a 20, seat stadium behind the Bally's and Paris casino-hotels. Net income. November 21, β€” via NewsBank. The vacant lots behind the casinos had been slated for a sports arena large enough to hold a professional basketball or hockey team. Harrah's began to push for a larger international presence in , announcing joint venture agreements to build casinos in Spain, Slovenia, and the Bahamas, and applying for a license to build a major resort in Singapore, [52] though none of these projects would come to fruition. {PARAGRAPH}{INSERTKEYS}Caesars Entertainment Corporation formerly The Promus Companies and Harrah's Entertainment is an American gaming hotel and casino corporation founded in Reno, Nevada and based in Paradise , Nevada that owns and operates over 50 properties and seven golf courses under several brands. This article is about the company known as "Harrah's Entertainment" before For the company Harrah's acquired in , see Caesars Entertainment, Inc. Caesars Entertainment was censured by the UK's Gambling Commission in for lax money-laundering controls in at two of its London casinos. Memphis, TN. Kansas City Star β€” via NewsBank. Instead it developed Project LINQ in , which called 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 Las Vegas Strip. Harvard Business School professor Gary Loveman joined Harrah's as chief operating officer in , [43] and would go on to serve as chief executive officer from to In , the company moved its headquarters from Memphis to Las Vegas. Las Vegas Sun. Baton Rouge, LA. The three casinos will have over 8, rooms which can be directly connected to the arena. Raleigh, NC β€” via NewsBank. New York Post. American gaming corporation. United Press International. In , Promus decided to spin off its non-gaming hotel businesses, in part because they had been undervalued by investors due to perception of the company as a risky gaming stock. April 4, Retrieved November 27, December 19, Schwartz February 9, Vegas Seven. The Times. December 30, β€” via NewsBank. Harrah's Inc. The company's background can be traced to October 29, , when Bill Harrah opened a small bingo parlor in Reno, Nevada , a predecessor to Harrah's Reno. January 31, β€” via NewsBank. Memphis, TN β€” via NewsBank. 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. April 14, Retrieved January 17, January 15, Retrieved January 15, Retrieved October 22, Archived from the original on Retrieved Chicago Tribune. February 27, Retrieved β€” via PR Newswire. Hotels Casinos. February 2, β€” via NewsBank. The late s and early s saw a rapid increase in gambling markets with the growth of Indian gaming and legalization of riverboat casinos. However, given the financing would require a special taxation district, opposition from the Clark County Commission regarding using public money in the project stalled it even further. September 13, Boyd Gaming. Retrieved August 13, Philadelphia Inquirer. Seattle Post-Intelligencer β€” via NewsBank. Operating income.