Caesars Entertainment, Inc. and Eldorado Resorts, Inc. came together in 2020 to create the largest gaming company in the U.S. – Caesars Entertainment. Each company brings a rich, storied history that positions us to be the global leader in the gaming industry as we embark on this exciting new chapter.
It is a story of vision, heart and, above all else, family values.
The Caesars Entertainment corporate legacy began in 1937 when Bill Harrah opened Harrah’s Bingo Club, a modest establishment in Reno, Nevada. What began as a single property expanded over the years to offer more than 50 dazzling casinos worldwide. In 1947, Flamingo Hotel & Casino became the first casino on the Las Vegas Strip and by 1973, Harrah’s was the first casino company listed on the New York Stock Exchange.
Meanwhile, three other leaders in the gaming industry – Benny Binion, Jay Sarno and Donald Carano – were busy making their own history.
In 1951, Benny Binion opened the first Horseshoe Casino and became known as a vanguard of Las Vegas casino innovation, introducing such new concepts as high betting limits, limousine transport for guests and rewards for all players – not just high rollers.
In 1...963, Jack Binion became president of the Horseshoe Casino in Las Vegas. Seven years later he hosted the first World Series of Poker, which would later grow to become the largest poker tournament in the world.
Donald Carano laid the foundation for his legacy in 1973 with the opening of Eldorado Hotel Casino Reno. Naysayers advised against the venture, but he was daring and forged ahead, ultimately changing the profile of gaming in northern Nevada and far beyond. His success can be attributed to his core values, which continue to shape the company to this day – integrity, quality and Family Style service.
Together, these four fathers of gaming have left a thriving legacy, one that has made Caesars Entertainment into what it is today – a true leader in the gaming world, offering first-class destinations and amenities, extraordinary entertainment and renowned accommodations.