Caesars Entertainment Corp announced plans on Sunday to manage two luxury hotels and a beach club in Dubai, the casino operator's first non-gaming resorts.
The operator of Caesars Palace in Las Vegas said it signed a non-binding letter of intent with Dubai's state-linked Meraas Holding to manage the hotels, located on the Bluewaters Island development. The Caesars-branded resorts would feature 479 hotel rooms and 12 restaurants and bars. The new hotels, Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai, will open in the fourth quarter, Meraas said in a separate statement.
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