Regardless
the current economic downturn, Las Vegas Hotel and Casino operator, Harrah's
Entertainment Inc. celebrated the topping of its 23-story tower at the Caesars Palace
this morning. The 665-room Octavius
Tower is the sixth at the
Caesars property and is part of a $1 billion expansion initiated in 2004. The
rest of the expansion will include a 250,000 square feet of convention space
and new pools with a waterfall, pool-side gambling and dining. The ceremony
also marked the development of the Garden of the Gods complex, which includes a
new convention facility and a new outdoor wedding venue, all expected open in
summer 2009.
“This is
all about the future. We're building our capacity for the turnaround that will
come, whether it's one, two or three years down the road Sure, there are some
difficult economic conditions right now, but this tower is going to be around
for 30, 40, 50 years. We're building for the future. We are as confident as
possible about our ability to fill this new tower and all of Caesars Palace
next year but this is really more about two or three years down the road."
said Gary Selesner, president of Caesars
Palace.
Wilson
Associates will be in charge of designing the Octavius Tower
interiors. Caesars Palace General manager, John Unwin said the Octavius Tower will feature a modern and colorful
design without losing Caesars’ stylish and classic atmosphere. Wilson
Associates' previous work includes Four Seasons in Hawaii
and Disney World resorts in California.
Harrah's,
the world's largest gambling company by revenue, owns or manages 50 hotels and casinos
worldwide, including several properties in Las Vegas such as the Rio All Suite
Hotel and Casino, Bally’s Hotel and Casino, Paris Las Vegas and Flamingo Las
Vega.
"Caesars
Palace has lead four decades of changes…The essence of Caesars has not changed;
we've only grown to give more experiences for our guests." general manager
John Unwin said.
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