Caesars emerges from bankruptcy; looks to future

Caesars Entertainment recently announced $90 million for remodeling rooms at Flamingo Las Vegas starting in August. The first rooms will be ready by October and the entire renovation project will be completed by the second quarter of 2018. (Bill Hughes/Las Vegas Business Press)

Shoppers walk the halls of the Forum Shops on May 3 at Caesars Palace. (Benjamin Hager Las Vegas Business Press)

A newly renovated panorama suite at the Planet Hollywood Resort May 25. (Patrick Connolly Las Vegas Business Press)

As Caesars Entertainment prepares to put its financial woes behind it later this year, the casino giant is betting on the Las Vegas Strip for its future growth.

Caesars just completed in May its renovation of 2,496 rooms at Planet Hollywood and 1,100 rooms at its Palace Tower in Caesars Palace. The renovation at Paris Las Vegas was completed in the first quarter. It recently announced $90 million for remodeling rooms at Flamingo Las Vegas starting in August. The first rooms will be ready by October and the entire renovation project will be completed by the second quarter of 2018.

Hotel room renovations began in Las Vegas in 2014, and more than 55 percent of the renovations will be completed by 2017. More than 90 percent of rooms in the company’s Las Vegas properties will have been renovated by end of 2020.