Las Vegas gaming and hospitality giant Caesars Entertainment Corp. announced on Wednesday plans to build a non-gaming resort in a key Mexican tourism destination as part of its global expansion strategy.
The new project was unveiled just days after the major company announced that it would operate two non-gaming complexes in Dubai.
Caesars’ new property will be built along the coast of Puerto Los Cabos, a popular resort city located in the southernmost part of the Baja California Peninsula. It will include 500 hotel rooms and suites, various food and beverage options, an entertainment venue, a fitness center, a spa, tennis courts, and golf courses, among others. A 40,000-square-foot convention center is also planned to be established as part of the resort.
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The company said in a Wednesday statement that it has selected Puerto Los Cabos as its next expansion destination as it considers it has seen a considerable rise in the number of airline passengers since 2015. According to the major hotel and casino operator, that number has increased 40% over the past three years, with the majority of visitors arriving from the United States and Canada.
Last spring, Caesars announced plans to expand its operations across different locations both in and outside the US. The company’s main operational unit was preparing to close a two-plus-year long bankruptcy case at the time. It eventually emerged from bankruptcy in the fall of 2017.
Caesars later on shed more details that aside from its core casino gambling business, it would also look to extend its global footprint with non-gaming operations across attractive tourism destinations.
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Last weekend, the company announced that it has entered a partnership with Dubai real estate and hospitality firm Meraas Holding to jointly operate two non-gambling resorts in the popular city. The resorts are currently developed on the artificial Bluewaters Island and are scheduled to open toward the end of the year.
Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai will together feature over 450 hotel rooms, outdoor swimming pools, a business center, event centers, and multiple food and beverage options.
It has also emerged that Caesars has been in talks with the government of Queensland to build what would be the company’s first integrated resort in Australia. If approved, Caesars’ plan will also include a casino floor as part of the larger property. According to reports from local media, the operator’s Head of International Development, Steven Tight, has recently dined with Gold Coast tourism officials to discuss their resort pitch.
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Aside from its international expansion, Caesars has also been focused on expanding across its domestic market. The company has recently broke ground on a new casino in Northern California which will be operated under the Harrah’s brand. It has also unveiled plans for a new conference and meeting center in Las Vegas.