June 16, 20196 Hours Ago
Hearing scoop on a huge casino industry story that’s flown under the radar
Source says in lead-up to Caesars Entertainment – Sale/Merger
The company has “Pulled the Plug” on all of its Global Development efforts
Including key executives – “OUT”
Dismantling of Global Development division at Caesars Ent. could have far-reaching implications
Like Delays/Cancellation of non-gaming projects
Caesars Republic Scottsdale, AZ and Los Cabos, Mexico
Cabo opening moved from “1st half 2019” -to- “Late 2020”
Now it may not happen at all.
Caesars Ent. plan was to expand through licensing key brands
(Caesars, Linq, Flamingo, Cromwell etc…)
But those (Licensing) efforts have reportedly been nixed
In anticipation of “Sale/Merger” … According to source
Global Development deptartment at Caesars Ent. was to spearhead company’s moves into Japan.
If rumor’s true -and- No longer pursued..
It has echoes of one of the biggest casino missteps ever
Caesars missed the boat on Macau
Now a massive revenue driver for: Sands -&- Wynn