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In August 2020, the Danville City Council gave unanimous approval to Caesars Entertainment's proposed $400 million premier resort and casino plan. [8] On September 3, 2020, the city of Danville and Caesars Entertainment officials signed a development agreement for a resort casino at the former Dan River Mills industrial complex in Schoolfield.
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Vici acquired Harrah's Las Vegas from Caesars in December 2017 for $1.1 billion, and leased it back at an initial annual rent of $87.4 million. [13] [14] MGM Growth Properties, a REIT affiliated with Caesars competitor MGM Resorts International, offered in January 2018 to acquire Vici for an estimated $5.9 billion. [15]
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties. [3] Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
The casino unit's parent company, Caesars Entertainment Corporation, did not file for bankruptcy protection. [73] The casino operating group's investors initiated litigation against the parent company, Caesars Entertainment Corporation's over the parent company's debt guarantees. [74] Vici Properties was founded as a result.
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On June 18, 2004, Caesars sold the Las Vegas Hilton hotel-casino to Colony Capital for $280 million. A Caesars spokesperson stated that the sale would help the company focus on its major casinos on the Las Vegas Strip. [21] On July 14, 2004, Harrah's Entertainment agreed to purchase Caesars Entertainment for over $5 billion. The acquisition was ...
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