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Caesars Starts Work on Chinese Resort

(September 2011) posted on Fri Sep 23, 2011 EDT

Hainan destination to open in three years


Caesars Entertainment Corp. said it has broken ground on its first Asia-Pacific project, the Caesars Palace Longmu Bay in Hainan, China. The five-star luxury resort, slated to open in 2014, is the first major venture of Caesars Global Life (CGL), a non-gaming division the company created to develop and manage branded luxury hotels, resorts, residences, villas, retail and entertainment destinations around the world. CGL’s goal is to develop 25 hotels and resorts in China over the next five years.

“Caesars Palace Longmu Bay will set a global luxury standard in China and build a foundation for Caesars’ expansion throughout the Asia-Pacific region, where our brands and reputation are already our most valuable assets," said Caesars Entertainment chairman, ceo and president Gary Loveman.

Caesars’ partner in the Longmu Bay development is Guoxin Longmu Bay Investment Holding Co. Ltd., a subsidiary of Jiangsu Guoxin Investment Group Ltd. Serving as lead architect for the project is PTW, and Caesars says a team of high-profile architects and designers will develop the interiors of the resort’s 1,000 room hotel. The destination will also feature restaurants, entertainment venues, a spa and retail space.


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