Frissora calls it expansion “in a capital efficient manner.” The first two licensing deals came internationally by way of Dubai and Puerto Los Cabos, Mexico. Both vacation resorts will be non-gaming.<\/p>\n<\/div>\n
Part of the appeal for resort developers is Caesars’ vast database of loyalty members. UNLV hospitality professor Mehmet Erdem said recently it makes sense. “Their loyalty members don’t just want to come to Las Vegas.”<\/p>\n
This week’s press release says members will have instant access to use their points for complementary stays at the non-gaming hotels once they open. Caesars Rewards will still deliver credits based on slot and table play, as well as hotel stays, dining and entertainment, shopping, spa treatments, golf, and more.<\/p>\n
Shareholders and activist hedge funds that have recently taken significant positions in Caesars have grown tired of Frissora’s post-bankruptcy leadership. Shares of the casino company fell 46 percent in 2018.<\/p>\n
Frissora announced he would resign last November. His last day was planned for the end of business this Friday, February 8. However, Caesars announced in December that a deal had been reached to extend his tenure to at least April 30, 2019, in order to give the search committee more time to find his successor.<\/p>\n
\nThe Caesars search committee is considering both candidates from within the gaming industry, as well as “C-level executives from consumer brand-focused companies.”<\/p>\n<\/blockquote>\n
Caesars will release its full-year 2018 earnings next month. For now, analysts are optimistic on the company.<\/p>\n
The consensus of 12 analysts have Caesars stock currently at a “buy” rating. They believe the stock has a target price point of $11.67, or 26 percent higher than where shares are this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Caesars Entertainment has rebranded its Total Rewards program to Caesars Rewards, and effectively immediately, all of the casino company’s 55 million members have been transitioned. First announced in December, company officials say incorporating the well-known Caesars name into the rewards program will allow it to better connect with new customers as its non-gaming shift continues. […]<\/p>\n","protected":false},"author":25,"featured_media":97596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Caesars Entertainment Rebrands Rewards Amid Non-Gaming Shift<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n