Caesars Entertainment Corporation has announced plans to develop a 550,000-sf conference center in Las Vegas, named Caesars Forum, featuring the two largest pillarless ballrooms in North America.
“Consistent with our post restructuring plans, Caesars Forum is the first installment of our growth strategy for the benefit of Las Vegas and our employees which will also help meet the increasing demand for group business meetings of all sizes,” said Mark Frissora, president and CEO of Caesars Entertainment.
The cost of the conference center is estimated to be approximately $375 million. When completed, it will feature 300,000 sf of flexible meeting space, equivalent to more than five football fields, and will be located east of the Las Vegas Strip with bridge connections to Harrah’s, Linq and the Linq Promenade.
As part of a series of transactions with VICI Properties, Caesars Entertainment recently announced its intention to acquire 18.4 acres of land as part of its plans to develop this new conference center.
“We are excited to be investing in the meetings business in Las Vegas as we continue to see this industry as a strong driver for Caesars Entertainment and our city,” said Bob Morse, president of hospitality with Caesars Entertainment. “With its mid-strip location and state-of-the-art design, the Caesars Forum will be the ideal location for anyone looking to host meetings and events in Las Vegas.”
Scheduled to officially open in 2020, Caesars expects to break ground on Caesars Forum early in the second quarter of 2018. Friedmutter Group and PENTA Building Group have been awarded as the architect and general contractor, respectively.
Caesars Forum will offer:
“Building the two largest ballrooms in the world demonstrates our continued commitment to the meetings industry,” said Chief Sales Officer Michael Massari. “We are excited to provide our customers with a new experience and look forward to building relationships with future clients.”