
Caesars Entertainment Corp. has broken ground on Caesars Palace Longmu Bay.
When completed, the city of Hainan will have a a 5-star, 1,000-guestroom luxury resort that marks the first major venture of Caesars Global Life.Their goal is to develop 25 hotels and resorts in China over the next 5 years.Caesar's Entertainement Corp created this non-gaming subsidiary in order to manage worldwide hospitality and entertainement products.The developper is Guoxin Longmu Bay Investment Holding Co. Ltd. and the new hotel is expected to open in 2014The area's development project carries a pricetag of $5.6 billion, $469 million of which is for Caesar's.Their goal is to develop 25 hotels and resorts in China over the next 5 years.

