![]() ![]() ![]() Caesars agreed to spend $40 million to complete construction of the hotel portion of the year-old property, which was renamed as Caesars Tahoe Palace, and later simply Caesars Tahoe.Ītlantic City and ouster of the Perlmans Ĭaesars expanded to northern Nevada in 1979, taking over operations of the Park Tahoe casino in Stateline, on the south shore of Lake Tahoe, under a lease agreement with Park Cattle Corp. By 1983, the subsidiary was losing money, and Caesars sold it to Visual Technology (Tewkesbury, MA), a maker of computer terminals, for a $9.5 million convertible note. Caesars had increased its stake to 100 percent by 1980, when it sold 9 percent of Ontel to AEG-Telefunken for $3.5 million. The firm returned to the computer industry in 1976, buying 80 percent of Ontel Corporation (Woodbury, NY), a maker of all-in-one PCs. Ĭaesars extended its presence in the Poconos, buying the Paradise Stream Resort in 1973, the Pocono Palace in 1976, and Brookdale-on-the-Lake in 1983, which it renamed as Caesars Brookdale. The company moved its headquarters from Miami in 1973 to be closer to Caesars Palace, but chose Century City in Los Angeles over Las Vegas, because of its proximity to financial centers. A $150-million, 2,000-room resort called the Mark Anthony was planned for the site, but Caesars was unable to find financing, and sold the property four years later for $9 million to a group led by banker E. In 1972, Caesars World bought the Thunderbird casino, up the Strip from Caesars Palace, from Del Webb Corporation for $13.6 million. ![]() Caesars sold part of its stake to Brother Industries in 1974 for $3 million, and then sold its remaining shares in a public offering for $3.5 million. In 1971, the company made a foray into the technology sector, buying 21 percent of Centronics, a maker of printers and gaming control systems, from co-founder Samuel Lang for $1.7 million. Brown, owner of Kentucky Fried Chicken, for $4 million, and changed its name to Caesars World. Shifting its focus to the Las Vegas property, the company in 1971 sold 350 restaurants, nearly the entire chain, to John Y. They capped it off with Caesars Palace, bought in 1969 for $58 million. In the late 1960s, Lum's went on a buying spree, acquiring a meat packer, a chain of army-navy stores, and the Cove Haven honeymoon resort in the Poconos. In partnership with Ken Chivers, they began offering franchises in 1965, growing from 15 restaurants to 90 within a few months. They expanded to more locations, and took the company public in 1961. In 1956, brothers Stuart and Clifford Perlman bought a hot dog stand in Miami Beach named Lums. All the rooms will have en-suite bathrooms, bath essentials, Egyptian cotton linens, flat screen televisions, and other in room entertainments to enjoy.A Lum's restaurant in Fort Lauderdale, Florida in 1966 The choices are Champagne Tower by Cleopatra, Garden of Eden Apple, Cove Fantasy, Cove Harbour, Harbour Tower, Juliette, and Spa Side Harbourette. They have couple's theme nights for romantic getaways such as Romance, Mardi Gras, and Tropical Beach Nights.Īll rooms are suites at Caesar's Cove Haven. Spooner's Café is a place to stop in for lunch near Caesar's Cove Haven retreat. The hotel offers speedboats, waterskiing, and paddleboats for on the lake recreation. Billiards is possible at the adjoining Hustler's Billiards Parlor. This spa services all the Cove Haven Resorts, as well as offers swimming, hot tub, and billiards. Also as part of the Cove Haven set up is Harbourside Health Club and Spa. The Cove has the Colosseum Restaurant for dining, Parrot Lookout Lounge for cocktails, indoor tennis, racquetball courts, miniature golf, and ice skating (in winter). Guests at this resort are meant to enjoy a romantic week or weekend in the Poconos with lake and mountain views. Caesars Cove Haven in the Poconos near Lakeville, Pennsylvania is designed as a couple's retreat.
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