Caesars Entertainment to Invest $400 Million in Atlantic City Casino Hotels

Gambling News and Lucky Stories

The American corporation Caesars Entertainment, which manages hotels and gambling establishments, announced a $400 million investment in the development of its assets in the Atlantic City gambling zone. The company will invest over three years in renovations, improvements, redesigns and new concepts for hotels with Caesars, Harrah’s and Tropicana gambling houses. The first phase of work, a $170 million room renovation at Caesars and Harrah’s, will begin in the summer of 2021. Representatives of Caesars Entertainment explained such a large investment by concern for strengthening the position of Atlantic City in the tourist market. This has already been positively assessed by New Jersey Governor Phil Murphy, who thanked the corporation for participating in the development of the gambling zone. As My Lucky Story reported, one of the largest casino resorts in Las Vegas – Resorts World Las Vegas – will open to guests on June 24, 2021. Earlier it became known that the gambling company Bally bought a resort complex with a Tropicana Las Vegas casino for $308 million. Recall that Fonner Park and Elite Casino Resorts will build a gambling complex in Grand Island (Nebraska).

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