Caesars Continues Paring Debt, Digital Unit Notches Profit

Las Vegas is one of the most visited tourist destinations in the world, and Caesars, along with resort rivals, are in continuous competition to land the best events as part of its offering.

For example, Caesars are set to host Formula One's Las Vegas Grand Prix in November, an event CEO Tom Reeg anticipates to provide a massive boon to the business.

In a call with analysts, he said: "We also have F1 coming to Vegas. We feel very, very good about that and anticipate no change in what we're expecting in terms of lift in the quarter in the neighbourhood of 5%."

They aren't just looking at impacting the events space in Las Vegas, either. Property developments to Caesar casinos in Columbus, Nebraska, and Danville, Virginia, and remodelling its New Orleans institution could also be potential catalysts for positive trends.

In further good news for the company, a tentative deal was reached with unions representing hospitality staff, which number approximately 10,000.

A new Labour contract has been established, with the organisation pledging "meaningful wage increases" for its staff, better safeguarding of staff roles amidst a job-stealing technology wave, and a welcome decrease in shift allocations.

It was in the nick of time, too, with a strike deadline looming and the upcoming Formula One race requiring maximum manpower.

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We have written an in-depth blog on the best seven casinos in Vegas for beginners.

Caesars Entertainment’s Planet Hollywood makes the list - its entertainment, quality of service, and excellent culinary options helps it beat off some stiff competition to make the list.