A $400 million investment plan has been announced by Caesars Entertainment Inc. (CZR) for its trio of Atlantic City casino properties.
CZR under its master plan already has been given green light to operate Caesars, Harrah’s Resort, and Tropicana Atlantic City. The plan also included remodeling room towers, enhancing gaming floors of the casinos and building new restaurants and other facilities.
According to report by World Casino Directory, Anthony Carano, President and Chief Operating Officer of Caesars Entertainment said: “Building on our rich, 40-year legacy in the market, we are excited to introduce the new Caesars Entertainment to Atlantic City through our $400 million investment and development plan.”
The statement by the operator read: “This year marks a new era for the City, and we appreciate Caesars’ dedication to the market as the largest employer in Atlantic County. Their three-year reinvestment plan doubles down on this commitment, which will undoubtedly reinvigorate Atlantic City.”