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Caesars Entertainment Extends Partnership With Nobu Hospitality

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  • Caesars Entertainment Inc (NASDAQ: CZR) has extended its partnership with Nobu Hospitality with three new locations across the U.S.

  • The alliance includes two new Nobu Hotels and restaurants at Harrah's New Orleans and Caesars Atlantic City, a Nobu restaurant at Paris Las Vegas, and a refresh of the first Nobu Hotel at Caesars Palace Las Vegas.

  • In October, Nobu Hotel Caesars Palace plans to begin a multimillion-dollar refresh of its guest rooms and public areas, set to be complete by the end of 2021.

  • A new Nobu restaurant and lounge is set to open in Paris Las Vegas in early 2022.

  • Nobu Hotel Atlantic City is projected to open in the summer of 2022 within Caesars Atlantic City.

  • Nobu Hotel New Orleans and restaurant are set to open within the newly created Caesars New Orleans in 2024.

  • Price Action: CZR shares closed higher by 0.28% at $105.04 on Tuesday.

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