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Tag: Caesar’s

  • Britney Spears Earns Planet Hollywood $20 Million

    Since Britney Spears began her residency at the Planet Hollywood Resort and Casino’s AXIS Theater in Las Vegas back in December 2013, her Britney: Piece of Me show has boosted the property’s earnings by about $20 million. Initially booked for a two-year run at the property, her residency was recently extended all the way through 2017.

    According to the Hollywood Reporter, Planet Hollywood desperately needed that boost, too. They were said to have been facing some pretty serious financial issues prior to the beginning of her residency. Thanks to Britney Spears and her fans who are filling rooms and buying concert tickets, what was once a dismal financial future for the property now actually looks quite profitable.

    A source tells PerezHilton.com that some significant upgrades are underway at the property, thanks to Britney Spears.

    “Wall Street gaming experts say the pop princess has revitalized the property and helped turn its one-time dismal financial picture into a real profit center. [Brit] has been singlehandedly instrumental in helping fill its 2,520 rooms and boosting the profits to nearly $100 million that Caesars is using to modernize the Quad into the new Linq hotel and redecorating and upgrading the rooms and pools at Planet Hollywood.”

    Tickets for Britney Spears’ show cost fans between $60 and $500. The $20 million the property made thus far on her residency is what they cleared after the pop star was paid.

    Do you suppose Britney’s show will remain this popular in the remaining years of her residency? Planet Hollywood is likely taking that notion all the way to the bank.

  • Gargantuan Ferris Wheel Nearly Complete

    Gargantuan Ferris Wheel Nearly Complete

    The High Roller, Vegas’s newest larger than life attraction, will become the world’s largest ferris wheel once construction is completed early next year. The High Roller will be 550 feet tall (or 55 stories), making it 100 feet taller than the world’s most famous ferris wheel, the London Eye, and 9 feet taller than the Singapore Eye, the current world record holder. The High Roller is part of a $550 million project being endorsed by Caesar’s Entertainment Corporation. The project, entitled The Linq, will create an open-air climate of 300,000 square feet near Caesar’s Palace.

    The outer wheel of the ride is expected to be put into place early next week. Following that, 1,500 LED lights will be placed on the ride to add to its glamour and prestige. Project Director David Codiga stated that “It’s going to be an icon. It’s going to be a part of your visit to Las Vegas if you ride it or not. It’s more or less impossible not to see it if you come here.” Codiga’s comment is most certainly true considering the only thing taller than the ferris wheel will be the Stratosphere Observation Tower, which stands over 1,000 feet tall.

    The High Roller weighs in at 3.5 million pounds and will take 30 minutes to rotate its 28 passenger cars a complete 360 degrees. The passenger cars themselves will be mainly constructed from glass, allowing viewers breath-taking views of Vegas. Unfortunately for all you ruffians and thrill-seekers out there, the passenger cars will be fixed in place and allow for no swinging or swaying. And to answer the most important question for all you gamblers – No, the passenger cars will not allow gambling (or smoking). Instead, the High Roller will feature a 30 minute video to keep its passengers entertained (if the view isn’t enough to keep your attention for some reason….).

    Unfortunately for The High Roller, it will not be the only ferris wheel in Vegas. In 2015, construction is expected to be complete on a 500 foot tall SkyVue ferris wheel on the Vegas strip. If that wasn’t enough, Mayor Michael Bloomberg of New York has recently stated that construction will soon begin on a 625 foot tall ferris wheel on Staten Island. All of this just leaves one question: How tall will the ferris wheel Texas builds be, and how many guns will it be equipped with?

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