In its first foray into Europe, Caesars Entertainment today announced its plans to develop and operate a luxury casino resort in London, adjacent to the redeveloped Wembley National Stadium and the legendary Wembley Arena. The project is part of a major redevelopment effort to transform the historic sports area into an international leisure and tourist destination.

Caesars' casino project partner is Quintain Estates and Development PLC, one of the leading real estate investment and development companies in the United Kingdom. Each company will own 50% of its planned joint venture. Quintain specializes in strategic real estate acquisition, redevelopment and asset management across the United Kingdom.

Spending $600 million on 13 acres of the 58-acre redevelopment area, Caesars Wembley will feature world-class casinos, 400-room luxury hotels, elegant spas and swimming pools, designer shops, conventions and conference facilities, and a variety of interesting restaurants, bars and lounges.

The joint venture undertakes the next phase of Quintain's Wembley revitalisation plan, which, when completed, is expected to attract millions of visitors a year from London and its surrounding areas, as well as the rest of the UK and abroad.

Funded and developed by Quintain, the Wembley Renewal Project will surround the new National Stadium. The project will include a redeveloped Wembley Arena, which will soon undergo design renovations as a major music and entertainment facility. It will include a designer shopping outlet, a dedicated sports mall, a nightclub, and the largest cinema multiplex ever built in the United Kingdom.

Peter George, senior vice president and managing director of development at Caesars International Group, noted that Caesars has been working closely with officials from the community operating 28 international casino resorts to boost economic development and new employment opportunities. George served as vice president and chief executive officer of London-based Ladbrokes Group PLC (later Hilton Group PLC) before joining Caesars Entertainment's former company, Park Place Entertainment, in 2002. In that role, George oversaw Ladbrokes' extensive gaming, hotel, and leisure businesses.  바카라사이트 순위