Caesars Entertainment Corp

Caesars Entertainment Corp, formerly known as Harrah’s Entertainment Inc., is an American gaming corporation based in Paradise, Nevada that owns and operates over 50 casinos and hotels across the United States. It is one of the largest casino entertainment companies in the world.

History
Harrah’s was founded by William F. Harrah in 1937 with a single bingo parlor in Reno, Nevada. The company grew rapidly over the years through acquisitions such as Holiday Inns (1968) and Caesars World (1970). By 1985 it had become America’s leading casino operator when it acquired Bally Manufacturing Corporation for $1 billion dollars; at this time its portfolio included seven Las Vegas resorts, 15 riverboat casinos throughout five different states and three racetracks along with numerous smaller properties located around North America. After several more successful acquisitions including Horseshoe Gaming Holding Company (2004), Harrah’s changed its name to Caesars Entertainment Corporation on November 23rd 2010 following their purchase of the iconic brand from private equity firm Apollo Global Management LLC for $5 billion dollars earlier that year; though they have since sold off some of these assets due to increased competition from other gaming operators within their geographic markets .

Operations
Caesars currently owns or manages fifty-two resorts/casinos worldwide under four distinct brands: “Horseshoe”, “Harvey’s” , “Bally’s” & “Caesar’s Palace”. They also operate online gambling websites through Caesar Interactive Entertainment which offers sports betting services as well as traditional table games such as blackjack & roulette via mobile devices or computer browsers using real money wagers placed directly into players’ accounts. Additionally they own two major golf courses – Rio Secco Golf Club near Las Vegas & Cascata Golf Course outside Boulder City – both designed by professional golfer Rees Jones Jr.. Finally they are involved with various charitable organizations often donating millions each year towards local communities affected by natural disasters or community initiatives aimed at improving education systems within those same areas .

Financial Performance
Caesar’s reported total revenue figures for 2017 amounting to nearly 7 Billion Dollars USD while operating income came out just under 1 Billion Dollars USD after taxes were taken into account ; overall performance has been relatively flat compared previous years but still remains profitable despite increasing competition from other giants like MGM Resorts International who themselves recently surpassed 10 Billion Dollar mark during 2018 fiscal period ending June 30th ..

Conclusion As one of Americas oldest yet most forward thinking Casino conglomerates , Caesar continues to remain competitive even against newer competitors thanks largely due their ability adapt changing customer demands while maintaining strong financial health backed up solid long term investments strategy made public back late 2011 when first announced intention move away pure brick mortar model embrace digital realm ..