Bad economy be darn. Caesars Palace opened 110,000 square feet of new convention and meeting spaces on July 13, despite an economic downturn that has Las Vegas convention attendance dropping double digits, equating to 2,441 fewer meetings held this year than last.
The convention area was part of a $1 billion expansion project of Caesars Palace that boosts the property’s total meeting space to 320,000 square feet.
Harrah’s Entertainment in January announced it was postponing construction of the planned 660-room Octavius Tower, but would work to continue the convention area.
The new space is the largest in Las Vegas for Harrah’s Entertainment. The company’s other properties range in size form 160,000 square feet at the Rio, where the World Series of Poker (WSOP) is held annually, to 25,000 square feet at the Flamingo in Las Vegas.
Caesars Palace officials expect the new space will permit it better to compete with similarly sized high-end space at the Bellagio, Encore, and Wynn Las Vegas.