Harrah's Entertainment
American gaming corporation / From Wikipedia, the free encyclopedia
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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 gambling company in the world,[1] with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
Founded | 1990; 34 years ago (1990) Reno, Nevada, U.S. |
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Defunct | July 20, 2020; 3 years ago (2020-07-20) |
Fate | Acquired by Eldorado Resorts |
Headquarters | Paradise, Nevada, U.S. |
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,[2][3] which led to the foundation of Vici Properties as a result.