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Caesars
to Partner in Luxury London Casino Project
LAS
VEGAS, Nevada -- In its first move into Europe, Caesars
Entertainment today announced plans to develop and operate a
luxury casino resort in London, adjacent to the redeveloped
Wembley National Stadium and the legendary Wembley Arena. The
project is part of a major redevelopment effort intended to
transform the historic sporting area into an international leisure
and tourist destination.
Caesars'
partner in the casino project is Quintain Estates and Development
PLC, one of the United Kingdom's leading property investment
and development companies. Each company will own 50 percent
of the planned joint venture. Quintain specializes in strategic
property acquisition, redevelopment and asset management across
the UK.
The $600-million
Caesars Wembley, to be built on 13 acres in the 58-acre redevelopment
area, will comprise a world-class casino, a 400-room luxury
hotel, an elegant spa and swimming pool, a collection of designer
shops, convention and meeting facilities and a wide variety
of exciting restaurants, bars and lounges.
The joint
venture launches the next stage of Quintain's plans for the
revitalization of Wembley, which when completed is expected
to draw millions of visitors a year from London and its surrounding
areas, as well as the rest of the United Kingdom and overseas.
The Wembley
renewal project, to be financed and developed by Quintain, will
surround the new National Stadium. The project will include
the redeveloped Wembley Arena -- a major music and entertainment
venue soon to undergo a design overhaul; designer shopping outlets;
a dedicated sports mall; a nightclub and the largest cinema
multiplex ever built in Britain.
Peter George,
Caesars Senior Vice President for Development and Managing Director
of the company's International Group, noted that Caesars has
worked closely with officials of the communities in which it
operates its 28 international casino resorts to promote economic
development and new employment opportunities. George served
as vice chairman and chief executive officer of London-based
Ladbroke Group PLC (later Hilton Group PLC) before joining Caesars
Entertainment's predecessor company, Park Place Entertainment,
in 2002. In that role, George oversaw Ladbroke's extensive gaming,
hotel and leisure businesses.
The plan
to bring a casino to Wembley is subject to scheduled deregulation
of the UK's gambling laws.
Caesars
Wembley will include:
- 75,000
square feet of gaming space accommodating 135 gaming tables
and 1,250 slot machines, in line with the Draft Gambling Bill
legislation.
- A 400-room
luxury hotel, to complement the Stadium, Arena and other facilities,
located on 9 levels above the gaming area, overlooking Wembley
and the surrounding area.
- A new
swimming pool and full-service spa, open to the public and
which can be opened to the rooftop sun deck and gardens in
good weather.
- 26,000
square feet of flexible meeting space, with a large single,
multi-purpose ballroom supported by smaller meeting rooms
and a large outdoor covered breakout terrace. Additional event
space will be available at the Wembley Arena and Wembley Stadium.
- A diverse
array of restaurants, bars, and lounges, all open to the public,
including a 200-seat 24-hour cafe, Asian and Italian restaurants,
steak-house and sports / entertainment bar. Several of the
restaurants will offer outdoor cafe-style dining lining the
pedestrian way.
- 9,000
square feet of designer retail outlets
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Northern Lights Casino Holding World
Poker Satellite Tournament
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 WALKER,
Minnesota -- The Northern
Lights Casino & Hotel in Walker, Minnesota is
hosting the World Poker No-Limit Hold 'Em Satellite Tournament
throughout October. Northern Lights is Minnesota's home
for the event for the second straight year, and is the
only tribally owned venue in the state that is hosting
a satellite tournament.
The winner of the tournament will join the world's best
professional poker players at the Foxwoods
Resort Casino in Mashantucket, Connecticut for the
World Poker Finals, November 13 through November 17.
Contestants
can enter the No-Limit Texas Hold 'Em satellite tournament
Thursdays and Sundays through October 24 in the Northern
Lights Poker Room, with the Finals to be held Sunday,
October 24. Thursday tournaments begin at 6 p.m., while
players should be in place by noon for the Sunday events.
"We're
very excited about hosting such a prestigious event two
years in a row," said Shawn Moore, table games manager.
He added, "The turnout for the tournament has been
great so far, and we've had to nearly double the amount
of tables we normally use in the poker room."
The
winner of the tournament will have their $10,000 buy-in
at the World Poker Finals paid for by Northern Lights
in addition to six days of VIP treatment at Foxwoods
Resort Casino in Connecticut, site of the World Poker
Finals.
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