Monday May 20th, 2013 - 11:23AM
LAS VEGAS—Caesars Entertainment Corp. has appointed Tom Arasi as president of hospitality. In the newly formed role, and subject to required regulatory approval, Arasi will be responsible for the execution of Caesars' hospitality strategy across the company's network of resorts.
Caesars Entertainment is investing more than $1 billion in the development and enhancement of its hospitality offerings, including an integrated hospitality corridor at the center of the Las Vegas Strip. Other projects include the renaming and renovation of The Quad, the Flamingo and the creation of Gansevoort Las Vegas in the former Bill's Gamblin' Hall and Saloon as well as planned room upgrades. These ongoing projects follow the opening of the Octavius Tower at Caesars Palace in 2012 and the Nobu Hotel earlier this year, as well as other upgrades across the company's flagship property.
Arasi will be responsible for all initiatives related to F&B, hotels, nightclubs and nightlife, pools and spas. He will also be responsible for the development of a cohesive strategy for the hospitality corridor in Las Vegas.
Arasi has held a range of senior operating and executive roles in the hospitality and gaming industries, including president and CEO of Marina Bay Sands PTE Ltd. In that role, he was responsible for the completion of the $5.7 billion integrated resort in Singapore. Previously, he has held senior roles at Intercontinental Hotels Group, Crowne Plaza Hotels and Tishman Realty and Construction Co. He also worked at Salomon Brothers.
In addition to Arasi's appointment, Tom Jenkin and John Payne will assume new responsibilities as global president of destination markets and president of central markets and partnership development, respectively.
Jenkin will oversee operations across the company's largest markets including Las Vegas, Atlantic City, Philadelphia, Northern Nevada, Laughlin and Hammond, Indiana. Jenkin will continue to have operational oversight of Harrah's Ak-Chin, Harrah's Rincon and the company's international properties.
Payne will have operational responsibility for the company's properties in Indiana (with the exception of Horseshoe Hammond), Missouri, Iowa, Mississippi, Illinois, North Carolina, Ohio and Louisiana. In addition, Payne will oversee Caesars Entertainment's ongoing partnership development efforts in Maryland, Massachusetts and other emerging markets in North America.