Las Vegas-based operators after just last week announcement about plans to manage its and first non-gaming resorts in the United Arab Emirates (UAE) most populous city, Dubai and other countries Caesars Entertainment Corp(CZR: NASDAQ) has reportedly reached a similar agreement that will see it manage Caesars Palace in Puerto Los Cabos, Mexico. The move is in keeping with the Las Vegas-based operators desire to grow its brands in overseas markets.
According to a Wednesday press release, the Five Hundred rooms, non-gaming, beachfront resort will reportedly feature a 40,000 approx square foot convention center, three restaurants, a 25,000 square foot full-service spa and amenities for entertainment and sports. Grupo Questro, a major developer in Mexico, will develop the $200 million beach-front property and will reportedly break ground in the first half of 2019. The company’s first property in Mexico and Las Vegas-based operators will also be managed by Caesars Entertainment.
Which will receive a management and licensing fee
In a statement in the press release, President and CEO for Caesars Entertainment, Mark Frissora, said, “Bringing Caesars Palace to Puerto Los Cabos will represent further progress on our strategy to expand the company’s non-gaming businesses into premiere resort and gateway destinations.”
“This resort will represent our first investment in Mexico, and it speaks to the global strength of the Caesars brand. We are looking forward to working with Grupo Questro to create a 5-Star destination that reflects the best of the Caesars’ offerings in the hospitality, dining and entertainment spaces,” explained Frissora.
For its part, Grupo Questro Executive President Eduardo Sanchez Navarro Rivera Torres, said, “We are very excited to work with our new partners to help bring the Caesars brand to Puerto Los Cabos.” “Caesars is known around the world, and we are confident that this luxury resort will be an incredible asset for global visitors,” Torres added.
Caesars Entertainment’s two five-star luxury hotels under construction in Dubai, Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai are expected to open later this year at the $2.1 billion Bluewaters development project located off the Jumeirah Beach Residence coastline.
Casino gaming will reportedly not be included in what is sure to be a long list of amenities at two Caesars Entertainment Corp. (NASDAQ: CZR) resort hotels coming later this year to the under-construction Bluewaters, a man-made mixed-use island located approximately 1,600 feet off the Jumeirah Beach Residence coastline, in Dubai, United Arab Emirates (UAE).
According to The Gulf News, Marketing Chief Executive for the Dubai Department of Tourism and Commerce, Issam Kazim, confirmed that there is no desire to introduce casino gaming at this time and that rather than casinos, they are focused more on a themed ‘destination and experience.’
The American gambling giant is expected to enter “Las Vegas-based operators”
Dubai as a hotelier for the first time when the company’s first non-gaming resorts, Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai, with a total of 479 hotel keys, open later this year at the $2.1 billion Bluewaters development project.
Unveiled on February 13, 2013, Meraas Holding began construction on the island [Bluewaters] in May 2013 and will reportedly include the $270 million Ain Dubai, a 689-foot tall giant observation wheel, which construction began on in May 2015, alongside nearly 200 retail and dining concepts, residential, hospitality, and entertainment zones.
Gulf Business reports that Meraas Holding said the agreement that it signed with Caesars Entertainment was for a ‘family-oriented destination.”
Dubbed the second Caesars Palace, Caesars Palace Bluewaters Dubai will reportedly (pdf) features 178 rooms, meeting and convention space, six restaurants, indoor and outdoor pools and a 6,781 square foot spa complete with a dedicated wellness center. Caesars Bluewaters Dubai will reportedly feature 301 rooms, a 9,149 square foot event hall, three restaurants, and two outdoor pools.
The two five-star luxury hotels will reportedly share a .27 mile-long private beach and open in Q4 this year. While gambling is illegal in the UAE in keeping with Islamic laws, alcohol is still served at restaurants and bars linked to hotels.
Abdulla Al Habbai, Meraas group chairman, said, “The landmark arrangement with Caesars Entertainment, which aims to establish Bluewaters as a world-class tourist attraction with exclusive international entertainment opportunities, is a significant achievement for the emirate’s thriving hospitality and entertainment sectors,” according to the news outlet.
President of Caesars Entertainment, Mark Frissora, said that the deal is expected to make Bluwaters the “region’s top hospitality, dining and entertainment destination”.
Last month, MGM Hospitality, a division of MGM Resorts International, was chosen by the Dubai government-owned real estate management company Wasl Asset Management to develop and operate a 26-acre branded beachfront development. The project will mark the regional debuts of MGM brands MGM Residences and MGM Hotel alongside Dubai’s version of the MGM-owned Bellagio Las Vegas to be located on Jumeirah beach. Spread across the property, there will reportedly be 1,000 rooms and 10 villas. The location claims to be the longest stretch of waterfront to ever be developed in Dubai and is expected to be completed in 2021.
People were shocked last week to see a job post looking for what appeared “Las Vegas-based operator’s”
The post was made by Marriott Hotels on LinkedIn on July 31 and quickly was picked up by Redditors and Tweeps. A spokesperson from Marriott issued a statement in response to the uproar, clarifying that gambling is not happening in the UAE (as per UAE law) and that the job post was an error. “Marriott International Middle East & Africa regional offices are headquartered in Dubai and from this office, we manage a number of disciplines across the entire Middle East & Africa region,” said the spokesperson.
“We operate casinos outside of the UAE and currently operate casinos in North and South Africa, which are managed by the respective regional teams from our regional headquarters.” Some Reddit users had guessed correctly with one saying that it “could be a regional role.” A picture of a close-up of the job advert showed the words ‘extensive travel (75 percent or more)’ circled with a highlighter pen. A thread on Reddit Dubai started ‘Well, well, ahem!’, while another asked if this means that casinos will be opened in the UAE.
When the advertisement went viral, a spokesperson from the hotel was quick to clear people’s doubts when asked to comment by Gulf News.