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Posts Tagged ‘Harrah’s’

Caesars Sells Harrah’s Las Vegas for $1.14 Billion

Caesars Entertainment Corporation has announced that it has entered into an agreement to sell Harrah’s Las Vegas to VICI Properties for $ 1.14 billion. If this sounds rather shocking, you may be relieved to know (or not really care, as the case may be) that it is all part of a plan. In mid-November, Caesars announced that it will acquire Centaur Holdings, LLC for $ 1.7 billion in cash. Centaur owns Hoosier Park Racing and Casino in Anderson, Indiana and the Indiana Grand Racing and Casino in Shelbyville, Indiana. The sale of Harrah’s Las Vegas is being used to finance the Centaur deal. It will also continue to be business as usual at Harrah’s, as Caesars will enter into a 15-year lease for the property, paying VICI an initial annual rent of $ 87.4 million, a number which will increase as the years go on. Caesars will continue to operate

Daniel Negreanu Calls on Harrah’s Cherokee to Retire Bear Display

The poker world is quite aware that 2014 Poker Hall of Fame inductee Daniel Negreanu is one of the most opinionated players in the game. He consistently challenges his fans, followers and opponents to critically think about many diverse issues, sometimes resulting in a polarizing opinion of the Canadian professional. His latest issue is with one of the casino properties he has visited and its treatment of animals. Negreanu, a known vegan and supporter of People for the Ethical Treatment of Animals (PETA), recently penned a letter to Harrah’s Cherokee Casino Resort Senior Vice President and General Manager Brooks Robinson regarding an animal display on the property. The letter, released by PETA on Tuesday, is in regards to the Cherokee Bear Zoo, less than a mile away from Harrah’s Cherokee, and is urging Robinson to use his leverage with the Eastern Band of Cherokee Indians (who operate both the casino