Last week Caesars Entertainment revealed that they're planning to invest $400 million in renovating its properties in Atlantic City in order to bring them up to date with the competition.
The company is planning to put the money into Caesars Atlantic City, the Tropicana Atlantic City, and Harrah's Resort, beginning with a $170 million upgrade on hotel rooms at the properties beginning this summer. Caesars will continue with the Roman aesthetic, while Harrah's will have an upscale look.
After the hotel room renovations are complete, Caesars is planning to offer expanded dining and entertainment options, but those will have to be cleared by the New Jersey Division of Gaming Enforcement before they can be implemented.
Commenting on the renovation Caesars President Anthony Carano said, "Building on our rich, 40-year legacy in the market, we are excited to introduce the new Caesars Entertainment to Atlantic City through our $400 million investment and development plan. These exciting plans over the next three years will revitalize Caesars' brand of hospitality, and will continue to position Harrah's, Tropicana, and Caesars Atlantic City as leading resorts in the market. We remain bullish on Atlantic City, and this commitment will further position us for long-term growth and success."