Caesars to Invest $400m into Atlantic City Casino Resorts By 2023
Caesars Entertainment, one of the largest casino-entertainment companies in the United States, plans to update its Atlantic City resorts with a $400m contribution by 2023.
According to Anthony Carano, the company’s president and COO, the aim is to revitalize Caesar’s hospitality brand and continue to position its resorts as the leading ones in the market.
After the billion acquisition of Eldorado Resorts in July 2020, Caesars Entertainment owns the Caesars, Harrah’s Resort, and Tropicana Atlantic City, with the former two getting $170m renovations in the first phase of the project. Approximately 600 rooms and suites will be upgraded, most of them in Ocean Towers, Harrah’s Atrium Tower, and Centurion Tower.
The investment plan was welcomed by Phil Murphy, New Jersey Governor. According to Murphy, this commitment will support the city’s focus on growing the economy and creating jobs.
The merger with Eldorado Resorts was not the only one for Caesars during the past two years. In April 2021, the company also acquired Willam Hill, one of the largest UK gambling companies.