The LINQ Hotel + Experience News - Page 12

The High Roller — Caesars Entertainment Corp.’s observation wheel at the center of the Strip — marked its one-year anniversary Tuesday evening with company officials calling the attraction a success despite the attraction falling below the original ridership projections.

An impressive variety of brand restaurants have debuted recently on the Strip, including Smashburger and New York City-based Shake Shack.

It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.

On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.

The first sign of noise and traffic problems occurred April 4 and 5, when The Linq parking lot was converted into an outdoor venue for the Academy of Country Music (ACM) awards.

The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.

Rooms at the Linq will have a new look as Caesars Entertainment transitions from the Quad Resort & Casino. The company is spending $223 million on the project.

The transaction was approved Monday.

The deal is akin to a transfer of assets from the parent company to a business that was created last year to help the world’s largest casino operator expand its presence while dealing with its gaming industry-high $23 billion of long-term debt.

Lines will be long at Las Vegas sports books when the NCAA Tournament begins today.

Hundreds of workers at The Quad have agreed to join the Culinary and Bartenders unions.

Caesars Entertainment Corp. said Wednesday it lost $1.756 billion in the fourth quarter.

Caesars Entertainment Corp. announced last week it was selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.

Bally's Las Vegas is one of three properties on the Las Vegas Strip that Caesars Entertainment Corp. is selling to its Caesars Growth Partners subsidiary. The other two are The Quad and The Cromwell. Harrah’s New Orleans also is involved in the sale

Mark Pilarski gives his readers some Las Vegas attractions they can visit without spending a dime.

Eileen Moore, currently president of the Caesars' Mid-North Regional Division, will come to Las Vegas to oversee The Quad, $180 million Gansevoort development, and the Flamingo.

Renovations of the 2,543-room hotel-casino began recently, and the changes are expected to be completed by late 2013.

Caesars Entertainment Corp. announced Monday it would rename the Imperial Palace as The Quad Resort & Casino.

The property, which does not have hotel rooms and opened in 1989, is being demolished as part of the construction for the $550 million Project Linq, being built by Caesars.