Caesars Las Vegas Sale Hinted At By Company CEO
Caesars Las Vegas is about to open another chapter in the ongoing saga of changing hands of gaming properties. CEO hints that the company wants to sell one of its Vegas properties and the guessing game about which one might be and who might buy it can begin.
Caesars Las Vegas portfolio is about to shrink. Tom Reeg, CEO hints at the company's intent. Rege doesn't give any details into which property Caesar's might want to unload or who might be interested.
Rey is taking out Rio rooms and adding 3,000 to 4,00 rooms to the current 23, 000 rooms.
CEO Reeg hints at Caesars Las Vegas sale. He says the company will remove 5,000 or 6,00 rooms from its system and introduce customers that came in through Eldorado.
Caesars is going to focus on its rewards program instead of advertising for its online gambling products. The company is trying to reduce capacity to enhance the likelihood of filling the available space. Caesar's Vegas properties could change hands in the near future.