Caesars Entertainment to Cease Gaming Operations at Tunica Roadhouse Casino
LAS VEGAS, November 27, 2018 – Caesars Entertainment Corporation (NASDAQ: CZR) today announced it will cease gaming operations at Tunica Roadhouse Casino effective approximately January 31, 2019. Caesars will continue to operate the 135-room hotel at Tunica Roadhouse, and both the hotel and casino at Horseshoe Tunica. The difficult decision to cease gaming operations at Tunica Roadhouse follows persistent declines in business levels in the area stemming from increased competition.
“After exploring every other viable alternative, we have come to the difficult but necessary conclusion to cease gaming operations at Tunica Roadhouse in an effort to appropriately position our business for the current market opportunity and ensure the long-term viability of our remaining operations in the vicinity,” said Scott Barber, Regional President of Caesars Entertainment’s Mid-South Division. “During the next two months, we will continue to operate the property in the same manner our guests have come to expect from the Caesars Entertainment brand — gaming, entertainment, hotel accommodations and, most importantly, a great service experience provided by our team members.”
Caesars Entertainment remains committed to the Tunica market where it continues to operate the Horseshoe Tunica hotel and casino. “We hope guests will come to enjoy our recently renovated rooms and experience our new sports betting venue, ‘The Book,’” added Barber.
Caesars Entertainment will provide job search assistance and training for the affected employees. They will also receive preference at other Caesars Entertainment properties, including Horseshoe Tunica.
Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Caesars Entertainment is mainly comprised of two wholly owned operating subsidiaries: CEOC, LLC and Caesars Resort Collection, LLC. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com.
This release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “will” and “expect,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions and strategies of Caesars. These forward-looking statements are based on current expectations and projections about future events.
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