You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Deal reached to sell supermarket chain to ex-CEO
    A New England supermarket chain that has been in turmoil for weeks over a workers’ revolt and customer boycott has announced that the former CEO is buying the company from rival relatives.
  • FBI investigating reports of attacks on US banks
    The FBI said Wednesday it’s working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.  A report on Bloomberg.
  • IMF chief faces probe for fraud
    PARIS – Christine Lagarde, the chief of the International Mon­e­tary Fund, was put under of­fi­cial investigation for negli­gence in a French corruption probe that dates back to her days as France’s
Advertisement

Caesars to be part of team opening Las Vegas hotel

LAS VEGAS (AP) — Caesars Entertainment Corp. is teaming up with the Gansevoort Hotel Group and nightlife owner Victor Drai to open a boutique hotel on the Las Vegas Strip.

Gansevoort Las Vegas will have 188 guest rooms, including 19 suites, along with some retail stores, a 40,000 square-foot casino, a restaurant and Drai's Beach Club and Nightclub. The beach club and nightclub will include a rooftop pool and indoor/outdoor nightclub. There will also be the Drai's After Hours club.

The hotel is expected to open early next year.

Casino and entertainment company Caesars Entertainment has 52 casinos in 13 U.S. states and seven countries. Its properties operate under the Caesars, Harrah's, Bally's and Horseshoe brands among others. Last month the company reported a fourth-quarter loss as it took a large impairment charge.

Caesars shares finished at $16.93 per share on Friday after rising to a 52-week high of $17.12 earlier in the day. They traded as low as $4.52 in mid-November.

Advertisement