Caesars Entertainment Corp has set targets that should sharply reduce its greenhouse gas emissions as well as those of the companies it works with. In a Wednesday announcement, the U.S.-based gaming firm said it hoped to cut its emissions of temperature-raising gases by about one-third before 2025 and 95 percent by 2050.
Caesars Entertainment said the proposed cuts were in comparison to its emissions in 2011. It has reduced its greenhouse gas emissions by 22.9 percent since then.
The company’s targets are “ambitious” because they include goals for suppliers and vendors, it said. Caesars Entertainment wants 60 percent of “suppliers by spend” to adopt reduction targets by 2023. The group said it was the first gaming company to set a target for reducing the harm done to the environment by operations over which it has no direct control, including supply chain and vendors.
“Caesars Entertainment has a well-established track record of successful environmental sustainability progress and establishing science-based targets further demonstrates our commitment to reducing our impact on the planet,” said Caesars Entertainment chief executive Mark Frissora in a statement included in Wednesday’s release.
Later this month, the gaming company will seek a supplier of solar-generated electricity to power its establishments in Nevada, United States.
In Asia, Caesars Entertainment hopes to bid for a licence to manage a casino in Japan and intends to lend its name to a casino resort on Yeongjong Island, Incheon. Last month, Caesars Entertainment’s William Shen, senior vice-president and managing director, Korea and Japan, told GGRAsia the company would target a balance of VIP and mass-market players from outside South Korea for the new venue. The build for Caesars Korea is budgeted at US$700 million and a “grand opening” likely in 2021.
Oct 20, 2020Gradual improvement in Macau’s gross gaming revenue (GGR) levels should serve as a “tailwind” to drive up pricing of Macau gaming stocks, says Deutsche Bank Securities Inc. “We...
Oct 20, 2020
”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China