Caesars Palace Prepares for 50th Anniversary

On August 5th, 2016 Caesars Palace in Las Vegas will be celebrating its 50th birthday. Preparations are already underway for a $75 million renovation while in the midst of an intricate bankruptcy reorganization. The Casino was also fined recently $9.5 million for not taking preventive measures against money laundering.

In light of the current debt situation gambling industry analyst Chris Jones of Union Gaming said it was a bad call to make these improvements during a bankruptcy case. However "It's a renovation that has to happen, considering how old the room product is," Jones said.

Caesars Entertainment Corp. made an announcement on Friday about the hotel's original Roman Tower overhaul that hasn’t been renovated since 2001. It will feature 20 additional rooms with a new name “Julius Tower”. It is the only Casino on the Vegas Strip owned and operated by a Caesars subsidiary that is trying to eliminate $10 billion of its $18.4 billion debt by restructuring.

The rooms are projected to be ready by January 1st, 2016 and will cost guests $149 per night. That is an increase of $20 to $30 more than patrons paid before. According to Caesars Palace regional president Gary Selesner "We continue to reinvent Rome . Las Vegas".

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    SassyGirlMe

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    Caesars Palace celebrating its 50th birthday, well happy birthday Cesar! Looks like Vegas is remodeling all around. Now for a site to last 50 years in Vegas, it is a time to celebrate.
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    steppek

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    I have been in USA twice, but never in Las Vegas. I hope I one day can visit the "Sin City" and gamble at Caesars Palace :)
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    pinkxxx

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    I was there last several years ago . If it was possible time wise Id love to be there for the anniversary . The price increase isn't too much , ones who want to stay there wont mind too much . True that if you don't spend much time in the room or mind a bit of inconvenience stay somewhere else and just visit Ceasars. The casino theme to me was different and fun. Everyone dressed as romans , the womens togas the layout is pretty impressive. Im sure they will be throwing one hell of a party , should be worth it for ones who will be there , if you like large crowds of course :P
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    jade

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    I don't think the price increase is enough for patrons to change their minds about going there or staying if they already have plans. And as far as the room renovations go, I'm sure they will say it's lovely, but spend most of their time somewhere other than the room. It's nice to have a lovely room, but it's not why we'd go to Caesars Palace, is it.....
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    OOPaloo

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    Caesar's Palace will certainly overcome their current financial difficulties...gambling in Las Vegas is on the upswing, now that so many Americans and international visitors are enjoying the economic recovery that has been slowly gaining ground the past few years. And 149 a night for a room...how can ya beat that? I would stay there on my next trip if there were vacant rooms for rent.
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    iDark

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    Caesar's Palace is one of the most recognizible casino's name, all over the world. It was on the movies so often, that the name becomes the legend. Now it's 50th anniversary coming up and this is gonna be a good new start. Forget the problems they had. Bankruptcy, problems with renovation. I believe, it's gonna be a great decade for legendarious Caesar's Palace!

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