Harrah’s Delays Caesars Palace Tower Expansion
Harrah’s Entertainment Inc. says it is delaying plans to open the 665 new rooms at a sixth tower it has just built at Caesars Palace on the Las Vegas Strip until there is stronger demand for hotel rooms.
The 23-story Octavius Tower was topped off in October and scheduled to open this summer as part of a $1 billion expansion at the resort.
Harrah’s said in a Monday release that other parts of the expansion will open on schedule, including 110,000 thousand square feet of meeting space, an expanded pool and garden area and three 10,000-square-foot luxury villas.
Harrah’s says strong advance bookings justify finishing the new meeting space. Harrah’s says it does not anticipate layoffs at Caesars Palace as a result of the delay.