CAESARS Entertainment Corporation is looking to make its inaugural foray into Asia by establishing a hotel and entertainment business in India, and is searching for potential partners to build 15 hotels in the country over the next decade.
Mumbai, Bangalore, New Delhi, Goa and several tier-two cities are on the radar for the Las Vegas-based gaming company, which owns and operates over 50 hotels and casinos and seven golf resorts worldwide.
Neera Chanani, South Asia–head, Caesars Entertainment Hospitality, said: “We have spent the last year exploring the Indian market and there is a lot to offer. In the non-gaming space, we will focus on hotels and convention centres and building entertainment destinations within or adjacent to them.”
When asked how much Caesars was planning to invest in India, Chanani said: “There is no fixed figure in our mind.” He added that the company was looking to establish partnerships with event management and real estate companies, and was not averse to pumping in cash to invest in properties.
Anshuman Mitra, director, Starlite DMC New Delhi, said: “Caesars can look at innovative breakthroughs and pioneering efforts in the non-gaming entertainment segment that is largely untapped in India. It will be a coming of age for the Indian entertainment and hospitality industry and also for events business.”
