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Caesars is one of the titans of Nevada betting. Scratch that, global betting. They are right there with the BetMGM and Wynn’s of the world. That’s why when they make a move, it matters greatly.
Welp, they’re making makes — a big one at that. You’re going to want to keep reading to get full details on Caesars’ big bet on the city of Las Vegas.
Caesars Pumping $1 Billion Into Sin City
The average person thinks the Caesars Company — which is now based in Reno, Nevada — just owns the Caesars Palace. That couldn’t be any further from the truth. The Caesars conglomerate has eight different properties on the Las Vegas strip. Welp, Caesars is spending big to keep those up to date with the city’s other competing marvels.
Get this, Caesars is on pace to spend $1 billion on renovations since the global pandemic took a bite out of Las Vegas betting. A lion’s share of that money is being poured into its namesake property, the Caesars Palace. In 2022, the almost 60-year-old casino redid its entrance, hotel lobby, casino dome, plus unveiled the Galleria Bar. But that was just an appetizer compared the brand-new Colosseum, which houses 440 new rooms and suites.
“Something that we’ve learned over (the course of) six decades at Caesars Palace is that properties have to continue to reinvent themselves,” said Sean McBurney, Las Vegas regional president for Caesars Entertainment, adding that although the legendary property had seen plenty of reinvestment over the years, “we hadn’t really touched the common spaces. So, we started this project of renovating the common spaces (at Caesars Palace) coming right out of COVID.”
Improved dining has been another focus of Caesars. Recently, new culinary experiences from renowned chefs like Bobby Flay and Dominique Ansel. In a significant move, Caesars successfully brought New York City’s legendary Peter Luger Steak House to Las Vegas in 2023 — the same year Stanton Social Prime, another NYC favorite, made its debut.
“This is the flagship property in Las Vegas,” said McBurney. “It’s critical to keep this as competitive as possible and continue to provide new reasons for people to come.”
More renovations to Caesars Palace are in the works — some known and someone being kept under wraps, per McBurney. However, one confirmed update is a new poker room, which had to relocate last year when its previous space near the sportsbook was converted into a high-limit slot area. According to McBurney, the new poker room is slated to open before the World Series of Poker starts in a few months.
Iconic Flamingo To Get Huge Overhaul
Caesars Palace isn’t the only one getting a makeover from the parent company. In the same boat is the iconic Flamingo casino. Once complete, this makeover will bring the old casino hotel up to the 21st century.
“2025 is going to be the year of the Flamingo,” McBurney said.
Dining will be a focus here too. There will be three new dining additions — Havana 1957, Gordon Ramsay Burger, and Pinky’s by Vanderpump. These are brand names designed to bring the crowds back to Flamingo like old times.
One of the most highly anticipated upgrades set to debut in 2025 is the $20 million renovation of Flamingo’s GO Pool. The project aims to maintain the pool’s retro-tropical aesthetic while introducing new guest-friendly enhancements, including a swim-up bar and temperature-controlled water. As big movers of swim bars, we’re personally looking forward to it ourselves.
Beyond dining and pools, the Flamingo’s transformation also includes upgrades to public spaces such as lobbies, restrooms, and the casino carpet, with work planned over the next 9-12 months.
“All the work that we’re doing, we want to make sure that we keep that connection intact and make this an even better place for our customers,” said Dan Walsh, senior vice president and general manager of Flamingo Las Vegas. “The word ‘iconic’ gets thrown around a lot these days, but this place truly is.”
Where Else Is Caesars Spending?
Let’s look across Caesars’ portfolio to see other locations getting new looks besides just Caesars or Flamingo. Bally’s is a big one, as it rebranding completely to Horseshoe Las Vegas. Elsewhere, there’s a $100 million integration of a hotel tower from that property into Paris Las Vegas. The Versailles Tower, formerly the Jubilee Tower at Bally’s, officially opened in 2023, with its 38 balcony rooms overlooking the Strip.
“Repurposing the Bally’s tower to Versailles Tower has just been an absolute home run,” McBurney said. “There aren’t many rooms that offer that kind of experience (like the balcony rooms), so that has gone really, really well.”
Caesars’ investments came in a time when the Vegas Strip is changing across the board. Hard Rock Hotel is setting up its property. A new baseball park is set to begin construction too. Then fine dining options like Caramella have opened at Planet Hollywood. Over at The Linq, Spiegelworld, the company behind hit shows like Absinthe, OPM, and Atomic Saloon, is now operating DiscoShow and Diner Ross, an adults-only dining and entertainment concept designed to complement its high-energy productions.
We could go on and on, but you get the point: Vegas and the legal betting industry are always evolving. With a $1 billion splurge, Caesars is making sure it changes with the times too.
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