made its initial public offering in 1971. In 1955, he expanded to Stateline, Nevada, on the south shore of Lake Tahoe, where he would eventually open Harrah's Lake Tahoe. The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a predecessor to Harrah's Reno. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.Īt the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. For other uses, see Caesars Entertainment (disambiguation). For the company currently known as Caesars Entertainment, see Caesars Entertainment. 'Caesars Entertainment Corporation' redirects here.
