Caesars Entertainment
Caesars Entertainment Unveils Renderings and Plans for First Nebraska Property, Harrah’s Columbus, NE Racing & Casino
Caesars Entertainment shared the official renderings for Harrah’s Columbus, NE Racing & Casino, the company’s first destination in the Cornhusker state. In partnership with Columbus Exposition and Racing, the property will be home to the state’s longest thoroughbred racetrack which will offer guests a first-class experience to a historic pastime in Columbus.
“Horse Racing has been ingrained in the history of Columbus for decades. We’re thrilled to contribute to that history and bring an all-new, one-mile racetrack for the community to enjoy. Caesars Entertainment is committed to bringing the best offerings for guests of the casino and fans of racing in the area and we look forward to welcoming Columbus to the track once it’s complete,” said Joe Morris, SVP of Racing at Caesars Entertainment.
The Company hosted a community event last week at the Elks Country Club, where Caesars Entertainment executives unveiled the renderings and shared plans for the property. Other partners in attendance included, Columbus Mayor Jim Bulkley, Tom Jackson, Dan Clarey, Dennis Hall, Russell Placzek and Chad Sucha with Columbus Exposition and Racing, the Columbus Chamber of Commerce and Caesars’ selected general contractor, Whiting-Turner. During the event, the Harrah’s Columbus, NE Racing & Casino team also presented a $5000 check to be donated to the new Columbus Fieldhouse.
In addition to the racetrack, Harrah’s Columbus, NE Racing & Casino, is expected to feature a 28,000-square-foot-casino and sportsbook with more than 500 slot machines and 14 table games. The property will also be home to the award-winning restaurant, The Brew Brothers, which was founded by the Carano family in 1995, and a bar dubbed Wishbones, a nod to the hometown favorite event center that closed its doors in 2021. A Marriot Fairfield Inn and Townplace Suites will be built next door and connect directly to the casino so guests can stay and play. Harrah’s Columbus, NE Racing & Casino is expected to be complete in the first half of 2024.
“We’re pleased to bring a brand-new destination to the great state of Nebraska. This is a huge milestone for the company, and we’ve been working hard to bring it to life. We were honored to be joined by our partners and have the support of the local community during today’s event. We’re looking forward to welcoming the people of Columbus and beyond when we open our doors in 2024,” Todd Connelly, Regional President at Caesars Entertainment, said.
Brownstein Hyatt Farber and Schreck LLP
Caesars Entertainment Closes Sale of the LINQ Promenade
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Entertainment
Caesars Entertainment Enters into Definitive Agreement to Sell the LINQ Promenade
Caesars Entertainment has announced that it has entered into an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. The sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.
“The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success,” said Tom Reeg, CEO of Caesars Entertainment.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck, LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Digital
Gaming Realms Launches Exclusive Blackjack Game on Caesars Entertainment’s iGaming Platforms
Gaming Realms, a leading provider of mobile-focused gaming content, has expanded its partnership with Caesars Entertainment with the launch of a new exclusive title, Caesars Blackjack X-Change.
Now live on Caesars Palace Online Casino and Caesars Sportsbook & Casino in New Jersey, Michigan, and Ontario. Caesars Blackjack X-Change is a reimagining of Gaming Realms’ popular Blackjack X-Change title, featuring a revamped aesthetic anchored by the Caesars brand and the excitement of the Las Vegas strip’s most iconic casino.
The game combines the thrill of traditional blackjack with an innovative X-change feature, allowing players to swap their cards between hands, adding a layer of depth and decision-making to classic blackjack gameplay. This title marks Gaming Realms’ second custom launch on Caesars’ digital platforms following the successful launch of Caesars Palace Slingo last year.
This latest collaboration emphasises Gaming Realms’ ability to provide localised content and branded games that align with operator and player needs. It follows other exclusive games made for leading operators worldwide such as MrQ, Superbet and Sky Betting & Gaming.
Gareth Scott, Chief Commercial Officer at Gaming Realms, said: “Our partnership with Caesars continues to be a resounding success, with players demonstrating a natural affinity for the strategic depth and variety offered by our portfolio. Building on the success of last year’s exclusive game, Caesars Blackjack X-Change is a natural progression in our ongoing collaboration and underscores the popularity of our titles with the operator.”
Matt Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital, said: “The launch of Caesars Blackjack X-Change on our platforms is another example of the exciting custom game content we aim to bring to our players on a regular basis. Our partnership with Gaming Realms has continued to deliver innovative concepts and new titles for our players. This exclusive title is a fun spin on the classic live casino game beloved by many players that offers a fresh and engaging experience.”
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