Caesars Entertainment, Inc. Joins Clairvest Neem Ventures in Upcoming Wakayama Marina City IR Project


TOKYO, LAS VEGAS and TORONTO, September 29, 2021 / PRNewswire / – Clairvest Neem Ventures KK (CNV) today announced the participation of Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) in its consortium to develop and operate an integrated complex of World class based in Wakayama Marina City (RI). Caesars joins the consortium in full compliance with Japanese law and with no capital commitment. The combination aligns CNV, one of the world’s most experienced IR development and management teams, with Caesars Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.

“We are delighted to partner with Caesars Entertainment,” said Eddie woo, representative director of Clairvest Neem Ventures. “Césars and CNV share a common vision for from Japan national IR program. Not only will this serve to enhance economic recovery from the COVID-19 pandemic through increased international visits, but we are confident that together we can create a resort that provides significant local economic stimulus in the region. Wakayama Prefecture, throughout the Kansai region and the rest of Japan. ”

“Caesars is an iconic brand, and we are proud to partner with CNV to bring it to Japan,” noted Tom reeg, CEO of Caesars Entertainment. “We think our experience blends in perfectly with that of CNV and look forward to creating something special with them for the Kansai Region.”

With over 80 years of experience working with city and state governments and surrounding communities to provide the highest level of service and experiences to its clients, Caesars operates over 50 properties across its portfolio of brands. As one of the world’s largest and fastest growing casino and resort operators, Caesars creates world-class gaming and entertainment experiences. In addition to its extensive experience in operations and development, Caesars Entertainment is proud of its reputation for responsible gaming.

The CNV team is made up of a complement of professionals and operators from the IR industry, including; Mario ho an Esports and Entertainment Entrepreneur, Director of CNV and Chairman and Co-CEO of NIP Group, a multinational Esports organization; Clairvest Group, a seasoned Canadian private equity firm with experience in 30 different land-based game and entertainment complexes in Canada, United States and Chile; and Guillaume Weidner, former president and chief operating officer of Las Vegas Sands Corp. (LVS), and its team of Bradley Stone, former president of global operations and construction at LVS and Garry Saunders, former COO of Melco Resorts & Entertainment and vice president of international operations for LVS.

The parties’ combined experience, coupled with the dynamic location and favorable regulatory policy, will enable CNV to develop what will be the next major global IR destination.

About Clairvest Neem Ventures Ltd.
Clairvest Neem Ventures Ltd. is an Integrated Complex (IR) developer operating in Wakayama Prefecture Japan. It was selected by the prefecture in June 2021 as an IR development and operating partner to obtain a national IR license. The company was an early participant in the IR race in Japan, even before the ratification of the National IR Development Law in 2018. Through thoughtful analysis and meticulous planning by its seasoned executives, it has chose Wakayama as his privileged entry point into what is perceived. as the last major IR market in the world.

About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diverse casino entertainment providers in the world. Since its beginnings in Reno, NV, in 1937, Caesars Entertainment, Inc. grew through the development of new resorts, expansions and acquisitions. The Caesars Entertainment, Inc. resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brands. Caesars Entertainment, Inc. offers diverse gaming, entertainment and hospitality amenities, unique destinations, and a comprehensive suite of mobile and online gaming and sports betting experiences. All linked to its industry-leading Caesars Rewards loyalty program, the company is focused on creating value with its customers through a unique combination of impeccable service, operational excellence and technological leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know when to quit before you start. ® Problem with gambling? Call 1-800-522-4700. For more information, please visit. www.caesars.com/business.

SOURCE Caesars Entertainment, Inc.

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