Is Harrah’s Casino Part of Caesars?

Harrah’s is one of the most recognizable names in the casino industry. The company has been in operation for over 80 years and has a presence in nearly 50 countries. But is Harrah’s actually part of Caesars?

The simple answer is yes, Harrah’s is indeed part of Caesars Entertainment Corporation. However, the story behind how these two companies came to be intertwined is a bit more complicated.

Harrah’s was founded by William F. Harrah in 1937 in Reno, Nevada.

The company grew steadily throughout the next few decades and by the 1970s, it had become one of the most well-known casino brands in the world. In 1980, Harrah’s was sold to Holiday Corporation (now known as Hilton Worldwide) for $270 million.

Just a few years later, in 1985, Holiday Corporation spun off its gambling operations into a separate company called Harrah’s Entertainment (now known as Caesars Entertainment). This new company included not only Harrah’s casinos but also several other well-known brands such as Horseshoe and Showboat.

In 2004, Harrah’s Entertainment was acquired by Apollo Management and TPG Capital for $17.1 billion.

The following year, the company announced plans to merge with London Clubs International, but those plans fell through.

In 2008, Harrah’s Entertainment officially changed its name to Caesars Entertainment Corporation. The name change was largely seen as symbolic, as the company had been commonly referred to as “Caesars” even before the merger.

Today, Caesars Entertainment Corporation is the world’s largest gaming company with a portfolio that includes over 50 casinos and resorts around the globe. And while Harrah’s may not be the only brand under its umbrella, it is certainly one of the most iconic.