Caesars Entertainment has unveiled plans to transform Harrah’s New Orleans into Caesars New Orleans as part of its $325 million project.
The Reno-based casino operator, which is the parent company of Harrah’s New Orleans, announced the plan on Tuesday before the New Orleans Building Corporation. The renovation and construction project will significantly enhance the award-winning property on its completion due in 2024. Caesars, which has owned the property for more than two decades, plans a new 340-room hotel tower with both external and interior enhancement.
Last year, Louisiana granted Caesars a 30-year license extension in New Orleans. This spending project is part of that agreement, under which Caesars will provide millions in revenues to Louisiana. Also, the mega construction project will create 600 jobs during development, in addition to 500 sustainable and new jobs after the initial phase.
According to Caesars, new dining and hospitality services will be included in the New Orleans renovations, and an additional casino will be developed on the second floor. However, the company did not mention other gaming-related details, nor did it mention plans for a sportsbook. It should be noted here that Louisiana has recently approved sports betting in the state, so there is a high chance Caesars could jump on this.
Caesars’ renovation plans in New Orleans appear to be a good idea as the city is Louisiana’s biggest metropolitan area. While rivaling Las Vegas as a hub of the gaming market, New Orleans attracts around 18.5 million visitors in any usual year.
Currently, VICI Properties owns the real estate of Harrah’s New Orleans. The landlord purchased that property, Harrah’s Laughlin, and Harrah’s Atlantic City for $3.2 billion as part of Eldorado’s takeover of Caesars.
What Are the Latest Plans?
The plans presented on Tuesday before the New Orleans Building Corporation entail a large-scale renovation of Harrah’s, the only brick-and-mortar casino in New Orleans. The project will embrace the iconic Caesars brand by creating a new flagship resort, Caesars New Orleans.
The renovated project will feature the elegance and indulgence for which Caesars is known for among the world’s gambling market. The preliminary plans of the project include:
- New 340 room hotel tower above the existing casino valet porte cochere
- New dining and hospitality offerings within the casino
- Further development of the unoccupied area on the second floor of the casino
- Full interior and exterior architectural and design enhancements
While introducing Caesars New Orleans to the city, Caesars’ CEO Tom Reeg expressed excitement and said the company takes pride in its two-decade-long legacy in New Orleans. He said, “As the only land-based gaming operator here, we take great pride in our 20-year history in the city, and this reinvestment testifies our continued commitment.”
The Mayor of New Orleans said the company will continue to fuel the city’s economic recovery by moving such projects that put people to work and entertain locals and visitors alike. While expressing excitement over the expansion, LaToya Cantrell said it would create more jobs during and after construction. The mayor added that the addition of Caesars New Orleans will strengthen the city’s position as the leading cultural and entertainment destination place in the nation.
Samir Mowad, General Manager of Harrah’s New Orleans, was also thrilled to see the further extension of an “already incredible destination”. Mowad said it is only the beginning of a transformation that will bring more excitement, energy, and fun to New Orleans.