Legendary Old Homestead Steakhouse to Open at Caesars Palace

LAS VEGAS, Aug. 3, 2011 /PRNewswire/ -- Continuing to reinforce its positioning as a premier dining destination in Las Vegas, Caesars Palace will become home to one of New York City's most historic restaurants - Old Homestead Steakhouse (www.theoldhomesteadsteakhouse.com).

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The announcement was made today by Caesars Palace and by brothers Marc and Greg Sherry, whose family has been associated with Old Homestead in New York for decades.  A classic eatery known for its quality steakhouse selections and legendary history, Old Homestead will replace Neros restaurant, near the famed resort's Colosseum theater and the planned Nobu Restaurant and Lounge, opening in 2012.

Old Homestead at Caesars Palace is scheduled to open before the end of 2011.  Boasting more than 16,000 square-feet, the space will feature a total of 250 seats with a full dining room, private dining room, lounge and bar.  

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"Old Homestead Steakhouse will be a dynamic addition to the superior selection of restaurants and celebrated chefs at Caesars Palace," said Gary Selesner, president of Caesars Palace. "This premier location adjacent to the Nobu Hotel, Restaurant and Lounge planned to open in 2012, will become the new epicenter of the resort, offering our guests a fresh and contemporary experience."

San Francisco based EDG Interior Architecture + Design previously created designs for Rao's and Bradley Ogden restaurants at Caesars Palace. The Old Homestead design will pay homage to the original Old Homestead restaurant and its location in New York City's historic Meatpacking District, while reflecting the neighborhood's latest incarnation as one of Manhattan's trendiest and hippest restaurant, entertainment and club districts. Old Homestead at Caesars Palace will offer an urban steakhouse and bar with an updated menu to match, but one that also features the Old Homestead's iconic cuts of meat, and many of its famous sides, appetizers and desserts.

Guests will experience several signature dishes from the classic NYC menu including the popular Colossal Crab Cake, 32-ounce Gotham Rib Eye Steak and the Old Homestead New York-Style Cheesecake, to name a few. Additionally, new menu items will be created special for the Vegas customer.

The plans include a wine program inspired by the New York location's award-winning wine list featuring a robust selection of wines by-the-glass.  More than 15,000 bottles will be housed on-site. The bar menu also will feature signature cocktails such as the Manhattan and classic martini along with variations served with a modern twist.

Old Homestead marks the fourth New York landmark restaurant at Caesars Palace including Bobby Flay's Mesa Grill, Rao's Italian restaurant celebrating 115 years in Harlem and Serendipity 3, the popular eatery known for its quality savory dishes and over-the-top desserts.

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This release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as "may," "will," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "plan," "continue" or "pursue," or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies. These forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance and actions of Caesars Palace and Caesars Entertainment Corporation and its subsidiaries may differ materially from those expressed or implied by such forward-looking statements.

Such risks and uncertainties include, but are not limited to, the following factors:  that all the conditions to completion of the project is met under the definitive agreements with Old Homestead, if the effects of local and national economic, credit and capital market conditions on the economy in general, and on the gaming and hotel industries in particular affect the project; construction factors related to the project, including delays, increased costs of labor and materials, availability of labor and materials, zoning issues, and building permit issues; the ability to timely and cost-effectively integrate the project into our operations at Caesars Palace; changes in laws, including increased tax rates, smoking bans, regulations, third-party relations and approvals related to the project and Caesars Palace; and our ability to recoup costs of the capital investment of this project through higher revenues

Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Caesars disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release.

SOURCE Caesars Entertainment