Caesars Entertainment announced plans to develop a 550,000-square-foot conference center in Las Vegas—named Caesars Forum—that will feature the two largest pillarless ballrooms in North America, alongside a 100,000-square-foot outdoor plaza.
"Consistent with our post restructuring plans, Caesars Forum is the first installment of our growth strategy for the benefit of Las Vegas and our employees which will also help meet the increasing demand for group business meetings of all sizes," said Caesars Entertainment President and CEO Mark Frissora.
The cost of the conference center is estimated at approximately $375 million. When completed, Caesars Forum will feature 300,000 square feet of flexible meeting space, equivalent to over five football fields, and the venue will be located east of the Las Vegas Strip with bridge connections to Harrah's and LINQ.
As part of a series of transactions with VICI Properties, Caesars Entertainment recently announced its intention to acquire 18.4 acres of land as part of its plans to develop this new conference center.
"We are excited to be investing in the meetings business in Las Vegas as we continue to see this industry as a strong driver for Caesars Entertainment and our city," said Bob Morse, president of hospitality with Caesars Entertainment. "Caesars Forum will be the ideal location for anyone looking to host meetings.”
Scheduled to officially open in 2020, Caesars expects to break ground on Caesars Forum early in the second quarter of 2018. Friedmutter Group is the architect in charge of the Caesars Forum project.
PENTA Building Group will serve as the general contractor.
Upon its completion, Caesars Forum will offer:
- 300,000 square-feet of flexible meeting space, including two 108,000-square-foot ballrooms, two 40,000-square-foot ballrooms and state-of-the-art boardrooms.
- Conference space accommodating more than 10,000 attendees.
- A 100,000-square-foot outdoor plaza, which can be used as flexible space ideal for an opening cocktail reception, wellness breaks, or serving breakfast, lunch or dinner.
- Direct access to the LINQ Promenade with world-class dining, live entertainment venues, shopping and the High Roller.
- Direct access to Harrah's Las Vegas, The LINQ Hotel and Flamingo Las Vegas hotels, totaling over 8,500 hotel rooms.
- Accessibility to approximately 20,000 rooms at Caesars Entertainment's nine Las Vegas properties.
- The latest in technology and design.
"Building the two largest ballrooms in the world demonstrates our continued commitment to the meetings industry," said Caesars Entertainment's Chief Sales Officer Michael Massari. "We are excited to provide our customers with a new experience and look forward to building relationships with future clients."
Construction of Caesars Forum is subject to receipt of approvals and completion of the entitlement process in which a variety of government agencies review the proposed project according to applicable codes and policies, including master plan and zoning issues, utility commitments, and compliance with building and fire codes.