Caesars Entertainment has appointed Tom Arasi as the company’s new president of hospitality.
In the newly formed role, 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. The company is creating an integrated hospitality corridor at the center of the Las Vegas Strip with dining, entertainment and nightlife offerings, anchored by the Linq and High Roller. 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 the development of a cohesive strategy for the Las Vegas hospitality corridor, as well as all initiatives related to food and beverage, hotels, nightclubs and nightlife, pools and spas, Caesars reports.
"Tom's extensive experience in the hospitality, casino and real estate industries provides him with the ideal background to lead our efforts to adapt our business to deliver an array of hospitality offerings," says Gary Loveman, chairman, president and CEO of Caesars Entertainment.
"Caesars Entertainment's footprint positions it to be the leading purveyor of hospitality and entertainment experiences," Arasi says. "I look forward to bringing together the considerable assets already in place and under development to create the most compelling offerings 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.
"These changes concentrate the attention of our company's most-senior leaders on the enhancement of our destination markets, our domestic expansion and regional markets and our hospitality strategy - all of which are critical to our future success," Loveman said.
Jenkin will oversee operations across the company's largest markets including Las Vegas, Atlantic City, Philadelphia, Northern Nevada, Laughlin, and Hammond, Indiana near Chicago. 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.
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