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International Guild of Hospitality & Restaurant Managers
3930 Howard Hughes Parkway
Las Vegas, NV 89109
Phone: (702) 699-5000
Employees (last reported count): 54,000
Park Place Entertainment
Corporation, incorporated in 1998, is a gaming company that owns, operates,
manages or has an interest in 28 properties in five countries: the United
States, Canada, South Africa and Uruguay. The Company's brands include Caesars,
Bally's, Flamingo, Hilton, Grand Casinos and Conrad. The Company's principal
properties are located in gaming markets in the United States: the West
(Nevada), the East (New Jersey and Delaware) and the Mid-South (Mississippi,
Louisiana and southern Indiana).
Nevada Casinos
Park Place Entertainment owns and operates eight casino hotels in the state of
Nevada: Caesars Palace, Paris Las Vegas, Bally's Las Vegas, Flamingo Las Vegas,
Las Vegas Hilton, Caesars Tahoe, Reno Hilton, and Flamingo Laughlin. Each Nevada
casino hotel is open 24 hours a day, seven days a week, and offers a variety of
casino games and slot machines, race and sports books, restaurants and various
entertainment and shopping venues.
Caesars Palace is located on approximately 80 acres at the "Four Corners"
intersection of Flamingo and Las Vegas Boulevard on the Las Vegas Strip. Paris
Las Vegas opened in September 1999. Paris Las Vegas features 2,916 guest rooms,
an 85,000-square-foot casino, eight French-inspired restaurants, five lounges,
120,000 square feet of meeting and convention space, 31,000 square feet of
retail space, a two-acre pool, and a European health spa. Bally's Las Vegas
features 2,814 guest rooms, an 83,000-square-foot casino, nine restaurants, four
lounges, 115,000 square feet of meeting and convention areas, 48,000 square feet
of retail space, an Olympic-sized pool, tennis courts and a spa.
The Flamingo Las Vegas features 3,518 guest rooms and suites, approximately
77,000 square feet of casino space, 10 restaurants, approximately 66,000 square
feet of meeting and convention area, 800 showroom seats, multiple pools and
lagoons, tennis courts, a spa and health club, and a wedding chapel. The Las
Vegas Hilton features 2,953 guest rooms and suites, approximately 79,000 square
feet of casino space, 12 restaurants and 225,000 square feet of meeting and
convention area. Caesars Tahoe features 440 guest rooms, a 42,000-square-foot
casino, five restaurants, a nightclub, a 1,500-seat showroom, a health spa, and
approximately 16,000 square feet of meeting space.
The Reno Hilton features 2,003 guest rooms and suites, a 109,000-square-foot
casino, nine restaurants, a lounge and approximately 190,000 square feet of
meeting and convention space. The Flamingo Laughlin offers 1,906 guest rooms and
suites, approximately 57,000 square feet of gaming space, five restaurants, a
300-seat showroom, a 26,000-square-foot ballroom and convention center, a
swimming pool and lighted tennis courts. The Company owns and operates Cascata,
a high-desert championship golf course in southern Nevada.
New Jersey Casinos
In Atlantic City, New Jersey, the Company owns and operates four casino resorts
along the Atlantic City Boardwalk. The Atlantic City casinos are open 24 hours a
day, seven days a week, and feature table games and slot machines similar to
those offered at the Company's Nevada casino hotels. Atlantic City casinos are
not permitted to operate sports books; however, Bally's Atlantic City and
Caesars Atlantic City feature simulcast horse racing.
Bally's Atlantic City is located on an eight-acre site with ocean frontage at
the intersection of Park Place and the Boardwalk. Caesars Atlantic City is
located on approximately 10 acres at the center of the Boardwalk and features
1,140 guest rooms, approximately 125,000 square feet of casino space, 10
restaurants, a 1,100-seat showroom and a health spa.
Caesars Atlantic City also owns the Ocean One retail mall. The Atlantic City
Hilton is located on approximately five acres at the intersection of Boston and
Pacific Avenues at the southern end of the Boardwalk in proximity to one of the
major highways leading into Atlantic City. The Claridge Casino Hotel adds 502
rooms, 59,000 square feet of gaming space and 1,100 parking spaces to the
Company's center-Boardwalk complex. The classic exterior of the Claridge,
carefully preserved in its original early 1930s design, houses slots and table
games, a spa, a 600-seat theater featuring headline entertainment, and fine
dining. The Company also owns and operates the historic Atlantic City Country
Club established in 1897 in Northfield, New Jersey. This 18-hole golf course was
extensively renovated in 1999 and is approximately a 10-minute drive from its
Atlantic City properties.
Mississippi Casinos
Park Avenue Entertainment owns and operates five dockside casino hotels in
Mississippi: Grand Casino Biloxi, Grand Casino Gulfport, Grand Casino Tunica,
Sheraton Casino & Hotel and Bally's Casino Tunica. The Mississippi casinos are
open 24 hours a day, seven days a week, and feature table games and slot
machines similar to those offered at its Nevada casino hotels. Mississippi
casinos are not permitted to operate race and sports books.
Grand Casino Biloxi is a dockside casino on the Mississippi Gulf Coast, and the
property is oriented east to west, thereby maximizing the property's visibility
from the highway. Grand Casino Gulfport is a dockside casino on the Mississippi
Gulf Coast that includes approximately 110,000 square feet of gaming area. The
Company owns and operates the Grand Bear Golf Course on the Mississippi Gulf
Coast, which is strategically situated between the Grand Biloxi and Grand
Gulfport properties. Grand Casino Tunica is located in Tunica County,
Mississippi, approximately 15 miles south of the Memphis, Tennessee,
metropolitan area.
The Sheraton Casino & Hotel is also located in Tunica County, Mississippi, and
consists of 33,000 square feet of gaming space, an attached hotel with 134
rooms, and three restaurants and bars. Bally's Casino Tunica, primarily a
"local" casino, features a 47,000-square-foot casino, a 235-room hotel, and an
adjacent land-based facility with entertainment facilities and three
restaurants.
Other Casinos
In southern Indiana, across the Ohio River from Louisville, Kentucky, is Caesars
Indiana, which the Company operates and in which it has an 82% equity interest.
The Company has a 49.9% ownership interest in the Belle of Orleans, L.L.C.
(Belle), which owns Bally's Casino New Orleans, a 30,000-square-foot riverboat
casino facility that operates out of South Shore Harbor on Lake Pontchartrain in
Orleans Parish, which is approximately eight miles from the French Quarter of
New Orleans.
Delaware Operations
The Company provides management services to the casino at the Dover Downs
racetrack in Delaware, which has approximately 2,000 slot machines. The casino
is part of the Dover Downs complex, which features live automobile racing, live
harness racing November through April, fine dining and entertainment. The Dover
Downs Hotel and Conference Center features 240 guest rooms and suites and an
entertainment and conference center.
International Casinos
The Company operates seven international casino resorts on four continents,
Australia, North America, South America and South Africa, as well as two casinos
on international cruise ships.
The Company has a 46.4% ownership interest in Baluma Holdings, SA, which owns
the Conrad International Punta del Este Resort and Casino, located on the beach
in Punta del Este, Uruguay. The Company also manages this property, which
features 302 rooms and suites, slot and table games, convention and meeting
space, restaurants and shops, tennis courts, pools and a spa.
Windsor Casino Limited, which operates Casino Windsor, a hotel/casino complex
owned by the Province of Ontario, Canada, is 50%-owned by the Company. This
property features a 100,000-square-foot casino, 389 guestrooms, an
11,000-square-foot ballroom and meeting rooms. Casino Windsor is located on the
river in Windsor, Ontario, directly across the river from Detroit, Michigan.
Metropolitan Entertainment Group, of which the Company has a 95% ownership
interest, operates the Sheraton Halifax Hotel & Casino in Halifax, Nova Scotia.
It also operates the Sheraton Casino Sydney, which is a stand-alone casino, in
Sydney, Cape Breton, Nova Scotia.
The Company has a 25% ownership interest in a joint venture that owns Caesars
Gauteng, and a 50% ownership interest in a joint venture that manages Caesars
Guateng in Johannesburg, South Africa. This property features a
56,000-square-foot casino, two hotels with a total of 276 guestrooms, 11
restaurant and 65,000 square feet of convention facilities.
Other
The Company operates the Caesars Palace at Sea casinos on two cruise ships, the
Symphony and the Harmony, which are owned by Crystal Cruises, Inc. The casinos
operate only when the ships are in international waters.
Disclaimer:
The data included within the Financial section is solely for information
and does not construe a recommendation and/or endorsement by IGHRM or its
members to invest funds with any of the companies listed. You are strongly
advised
to obtain professional advice with qualified individuals or corporations for any
investments of funds.
© 1999-2001 International Guild of Hospitality and Restaurant Managers
Inc. All rights reserved.
ighrm@hospitalityguild.com