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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

The shocker: 

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

REFERENCE LINK:

http://bit.ly/2MS11vT