Caesar's Palace Delays Tower Opening
Filed under: Real Estate Developments
Another Las Vegas Strip hotel is cutting back. We first heard about Caesar's Palace's billion-dollar expansion back in 2007. The plans included an overhaul of the Forum tower, new meeting and convention space, three pool villa suites overlooking three swimming pools and the 660-room Octavius Tower, named in honor of Julius Caesar's heir, the emperor Augustus (the resort already has an Augustus Tower, Octavian was the name he had before he ascended to power). Harrah's Entertainment has decided to delay the opening of the Octavius Tower simply because the demand for rooms isn't there.The villas, convention space and expanded pool area will open as planned. The company will open the tower once demand picks up again. The news follows the report that CityCenter, MGM Mrage's monster project is now down one 400-room hotel. For the past few years the answer to making more money as a resort operator in Las Vegas was to have more rooms but with travel and convention spending down a new plan is needed.
LOOK: Bank Vault Saves 22 Lives During Tornado
Live from Microsoft's New Generation Xbox event!
Killed Soldier In London Attack Identified
Xbox Reveal liveblog on Joystiq
Dozens Killed in Oklahoma Tornado; Death Toll to Rise
Brave Woman Stood Down Armed London Attackers
The List #0147: Escape a Car Underwater
Xbox One architecture panel liveblog!
Surgeon's Remove Giant Hairball From Tiger
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Demi Looks FANTASTIC In A Bikini
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Okla. School Survivor: Teacher 'Saved Our Lives'
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Selena Gomez Leaving Justin Bieber's House: Booty Call Rumors Swirl
Helen Flanagan Launches PETA Campaign As Only She Knows How
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Singer Sues McDonald's, Claims Chicken Sandwich Incident Ruined Her Voice
U.S. Acknowledges Four American Citizens Killed In Drone Strikes
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
The World's Most Powerful Women
Help For Heroes Killing
PHOTOS: Tornado Aftermath Leaves Trail Of Destruction
White Father Allegedly Suspected Of Kidnapping Biracial Daughters
Mother Dies With Infant During Oklahoma Tornado
NY Times Eviscerates Obama White House
Who Won 'DWTS'?
PHOTOS: Christie Brinkley Gets Back Into A Swimsuit At 59 Years Old
WATCH: Tornado Victim Finds Dog During CBS Interview
WATCH: Mom's Emotional Reunion With Son After Tornado