Caesars Entertainment invests $325m to transform Harrah’s New Orleans

Caesars Entertainment, Inc., parent company of Harrah’s New Orleans, says it will invest US$325m in transforming the property into a Caesars New Orleans. The reconstruction project is set to be completed by 2024. The plans have been presented the New Orleans Building Corporation and detail a large-scale renovation of Harrah’s, the only land-based casino in New Orleans. Embracing the iconic Caesars brand, the project will create a new flagship resort, Caesars New Orleans, which will include a new 340-room hotel tower and new culinary and hospitality offerings. “We are excited to introduce Caesars New Orleans to the city,” said Tom Reeg, CEO of Caesars Entertainment. “We take great pride in our 20-year history in New Orleans, and this reinvestment is a testament to our continued commitment.” “We will continue to move this city forward and fuel our economic recovery, moving important projects that put people to work and entertain residents and visitors alike,” said LaToya Cantrell, Mayor of New Orleans. “ In June of 2019, Caesars Entertainment was awarded an extension to its operating contract, allowing operation until 2054. As part of the extension agreement, Caesars Entertainment will provide millions in tax revenue to New Orleans and Louisiana while creating 600 construction jobs during development and 500 sustainable and new jobs following the construction phase. Additional details on new hospitality, entertainment, and culinary offerings will be shared in the coming months, subject to City and Louisiana Gaming Control Board approval. For more information, please visit www.caesars.com/destinations#Louisiana.