Caesars Entertainment, Spiegelworld ink $75M theaters deal

Biden urges private sector to ‘step up’ amid supply chain issues

FOX Business’ Edward Lawrence reports on how the White House is planning to address supply chain disruptions. 

ATLANTIC CITY, N.J. — Caesars Entertainment and the company that produces the show "Absinthe" in Las Vegas are teaming up on theater and dining projects in three states that will cost nearly $75 million.

Caesars told The Associated Press on Thursday it has signed a deal with Spiegelworld to create new live theater projects at casinos in Las Vegas, Atlantic City and New Orleans.

VIVA LAS VEGAS: HOW CONSTRUCTING SIN CITY'S STRIP BROUGHT THE GAMBLING MECCA TO LIFE

"Atlantic City, New Orleans and Las Vegas are the country’s modern-day entertainment and sports capitals, and as we roll out our vision for the incredible reinventions of our properties in New Orleans and Atlantic City, we are delighted to add Spiegelworld’s eye for creative experiences to our plans," said Anthony Carano, president and chief operating officer of Caesars Entertainment.

The first project will be a new permanent production at The LINQ Hotel + Experience in Las Vegas. To be named "DiscoShow," the production will take place in the new Spiegelworld Glitterloft, to be opened by the fourth quarter of 2022.

CASINO MOGUL STEVE WYNN RELISTS BEVERLY HILLS ESTATE FOR $115 MILLION

Caesars Atlantic City is also getting a new theater and resident show in the first quarter of 2023. The project will incorporate the facade of the former Warner Theatre from 1929, which is currently part of the casino's exterior facing the Boardwalk.

It is part of $400 million in renovations Caesars has pledged to make at its three Atlantic City casinos.

And a new theater and show is planned for Caesars Palace New Orleans as part of that casino's $325 million renovation, to be open in 2024.

CLICK HERE TO READ MORE ON FOX BUSINESS

In addition to "Absinthe," Spiegelworld also produces "OPIUM" at The Cosmopolitan of Las Vegas, the "Atomic Saloon Show" at the Grand Canal Shoppes at The Venetian Las Vegas, and the live entertainment party "Superfrico" at The Cosmopolitan of Las Vegas.

Source: Read Full Article