Caesars Palace Exits Dubai Just as the UAE Moves Toward Legalized Gaming
The property will be rebranded as a Banyan Tree resort as of November.
A Caesars Palace at Bluewaters Island in Dubai will be rebranded as a Banyan Tree in November.
Photographer: Giuseppe Cacace/AFP/Getty Images
Caesars Palace, one of the best-known names in casino gambling, will leave Dubai just as the United Arab Emirates develops a framework for legalized betting.
The resort, located on a manmade island, will be rebranded in November as a Banyan Tree property, according to a statement. The deal was formalized in an agreement signed on Wednesday between hotel giant Accor SA and Dubai Holding, an investment firm owned by the emirate's ruler.