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Danville, Virginia, August 10, 2022 /PRNewswire/ — Caesars Entertainment. (Nasdaq: CZR) (“Caesars”) and the Eastern Cherokee Indians (“EBCI”) today announced a collaboration to develop Caesars Virginia, a project in danville this week.This $650 million The project will be a tourism engine and economic driver for Danville and the wider region. The full-service recreation facility will create thousands of construction and operations jobs and is scheduled to open by the end of 2024.
Caesar Virginia It will include a 500-room hotel and a world-class casino arcade with over 1,300 slot machines, 85 live table games, 24 electronic table games, a WSOP poker room and a Caesars sportsbook. Additionally, the resort will feature a full-service spa, swimming pool, high-quality bar and restaurant, a 2,500-seat state-of-the-art live entertainment theater and 40,000 square feet of meeting space.
Caesars, the largest casino entertainment company in the country, owns and manages more than 50 properties, and will serve as the casino’s manager. Caesars, EBCI and local minority investors will be partners in the joint venture. The Caesars Sportsbook app is live for download and registration Virginia.
Upon completion in 2024, Caesars Virginia will attract visits from new customers and existing members of the premier Caesars Rewards player loyalty program who reside in the wider region danville regional and national.
“We are delighted to be danville “Caesars Entertainment has been a valued partner to the Cherokee Indian Eastern Band for over 20 years,” said Anthony Carano, President and Chief Operating Officer of Caesars Entertainment. “Caesars’ diverse collection of destinations across the United States is synonymous with unparalleled service, through our Caesars Rewards loyalty program, superstar entertainment talent and culinary excellence enjoy impressive benefits. We will bring these equally extraordinary products to danville area for people to enjoy. “
“This joint venture is an important opportunity for our country and people. We are excited to expand our long-standing successful partnership with Caesars Entertainment to develop a first-class feature of the luxury and service that Caesars guests are known for resort, and come look forward to it,” said Richard Sniderthe lead principal of the Eastern Band of the Cherokee Indians.
About Caesars Entertainment
Caesar Entertainment(Nasdaq: CZR) is the largest casino company in the United States and one of the most diversified casino providers in the world.since Reno, Nevadain 1937, Caesar Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesar Entertainments The resort is mainly in Caesar®, Harrah’s®, Horseshoe® and Eldorado® brand name. Caesar Entertainment, Inc. offers a diverse range of gaming, entertainment and hospitality facilities, one-of-a-kind destinations, and a full range of mobile and online gaming and sports betting experiences.Everything with its industry-leading Caesar Through its rewards loyalty program, the company focuses on creating value for its guests through a unique combination of impeccable service, operational excellence and technological leadership. Caesar Commitment to its employees, suppliers, communities and environment through its PEOPLE PLANET PLAY framework. Know when to stop before you start. ® Problem with gambling? Call 1-800-522-4700. For more information, please visit. World Wide Web.Caesar.com/the company’s.
About ECBI Holdings, LLC
EBCI Holdings, LLC is a Delaware limited liability company wholly owned by the Eastern Band of the Cherokee Indians and operated independently by a senior leadership team reporting to a five-member board of directors. EBCI Holdings, LLC was formed to diversify the tribal economy by focusing on developing, acquiring and managing commercial casino and hotel businesses across the United States EBCI The holding limited liability company currently operates Caesar Southern Indiana and EBCI Tech Fund 1, a game technology venture capital fund.
forward-looking statements
This press release includes forward-looking statements within the meaning of the federal securities laws. You can identify these statements as unrelated to history by our use of “anticipate,” “assume,” “believe,” “estimate,” “anticipate,” “guidance,” “intend,” “plan,” “project” and similar expressions of. All statements other than statements of historical fact are forward-looking statements.You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and, in some cases, other factors beyond Caesar‘ control and may materially affect actual results, performance or achievements.Although Caesar It is believed that in making such forward-looking statements, its expectations are based on reasonable assumptions and such statements may be affected by factors that could cause actual results and results to differ materially from those projected. Caesar You cannot be assured that the assumptions on which these statements are based will prove to be correct.Important risk factors that may affect their respective businesses, results of operations and financial condition from time to time Caesar‘ Filings with the Securities and Exchange Commission. Caesar No obligation is assumed to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law.
SOURCECaesars Entertainment, Inc.
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