Caesars Entertainment has been busy over the past few years. This massive casino company is working hard to renovate some of its most popular gambling venues. New reports claim that the Silver Legacy Resorts in Reno, owned by Caesars, is set for a major upgrade in the near future.
It’s great news for residents and tourists with trips planned to Reno. Today, we’ll talk about what is being planned for this property. We’ll also look at some of the other plans for Nevada in the future.
Here’s what we know!
Caesars Entertainment Continues Working to Expand
The past ten months have been extraordinarily difficult for major US casino companies. Despite that fact, Caesars Entertainment has been working extremely hard to expand its operations. It seemed to begin after the company’s huge merger with Eldorado Resorts.
This was one of the biggest moves for the US casino industry in history. Eldorado paid an astounding $17.3 billion to acquire this company. That makes it the largest casino company purchase to ever take place in the country.
In order to push this deal forward, Caesars and Eldorado were forced to sell many of their casinos around the country. That includes several in Atlantic City. The money earned from these sales helped the newly-merged company cover costs associated with the deal.
Officials within Caesars haven’t slowed down since this merger. Last year, news broke that the company had agreed to purchase William Hill. This gives Caesars a massive new hold over the US sports betting industry.
Caesars has always been a huge player in the US casino industry. It’s quickly becoming one of the most powerful gambling companies in the world now. Many expect more major deals to be announced with this company over the next few years.
As many know, Caesars Entertainment owns a major gaming property in Reno. It now appears the company is planning a major renovation for this venue.
A Renovation is Being Planned for the Silver Legacy Resort in Reno
Reno is a popular gambling and tourist destination in northern Nevada. It’s a fun city filled with several world-class gambling venues. Like other US casino hubs, Reno has been facing a steep decrease in tourism and revenue throughout the past year.
Some feel that things are set to improve here soon, though. Several analysts claim that with effective vaccine distribution, Reno could quickly see a steep increase in its tourism numbers. That’s great news for the casino companies operating here.
You can add Caesars Entertainment to that list. This company operates the Silver Legacy Resort in Reno, which first opened its doors in 1995. This week, Caesars announced that it is planning an astounding $47 million renovation for this venue.
Silver Legacy Regional President and General Manager Glenn Carano spoke to the media about the company’s plans this week.
“We want to give guests a visit to remember when they stay with us at Silver Legacy,” he said. “Part of that memorable experience includes one of the most important elements to a trip: the hotel accommodations.”
Caesars wouldn’t be making this move unless they felt it would be profitable. It’s clear that the company feels that Reno will soon begin seeing a large increase in visitors. Some of the expected renovations for Silver Legacy Resort can be seen below.
- Installing new hardwood furniture.
- Updated window treatments and drapery.
- Renovations of the bathrooms with new tile.
- Replacing the carpets and flooring.
- Installing new art and decor pieces.
- Self-serve coffee makers, updated lounge seating and flat-screen, high-definition televisions.
This renovation process should be completed sometime in the near future. We’ll continue offering updates over the next few months!
When Will Tourism Rates Begin to Increase in Las Vegas
There has been a huge amount of attention placed on the Las Vegas economy over the past year. 2020 proved to be devastating for this city. That’s almost entirely due to the significant drop in tourism here.
Casinos are doing everything they can to boost the city’s tourism rates. It’s much easier said than done, though. Many are now cautiously optimistic that the city will finally begin seeing large numbers of tourists coming later this year.
Much like Reno, Las Vegas is relying on vaccines to help with things. It seems likely that this would help the entire country’s travel industry. Anything is possible, however, and casino owners are now getting ahead of themselves.
In the past, Las Vegas saw approximately 40 million visitors every single year. Will 2021 bring about those kinds of numbers? Probably not.
If everything goes according to plan, we could begin seeing a major improvement by the time summer rolls around. This is generally the most popular time for visitors to enter the city. Hopefully, we see that trend begin around this time.
Are you excited to see the renovations at the Silver Legacy Resort in Reno? Let us know in the comments section below!