Harrah’s Oklahoma sets April grand opening date with Caesars despite Q4 losses
Caesars Entertainment and the Iowa Tribe of Oklahoma confirmed that Harrah’s Oklahoma will officially welcome its first guests on April 9, 2026, which will be the debut of a Caesars-managed casino in the state. The news comes as the casino giant reported fourth-quarter earning losses.
The company shared the news on X, writing: “In collaboration with the Iowa Tribe of Oklahoma, we officially announce that we will open our doors to @HarrahsOklahoma for the first time on April 9, 2026, bringing the first-ever Caesars-managed experience to the state of Oklahoma.”
The new property sits along historic Route 66 and is being built to draw visitors from across the region. When it opens, it is expected there will be 12 table games, 1,000 slot machines and a designated high-limit area. Several restaurants and bars are planned for the launch phase, with additional entertainment space and a hotel slated for a later expansion.
For Joe Scibetta, Senior Vice President and General Manager of Harrah’s Oklahoma, the moment carries special weight. “This opening has been years in the making,” said Scibetta, Senior Vice President and General Manager of Harrah’s Oklahoma. “We’re so excited to be in the home stretch before opening our doors and sharing the Harrah’s experience with the community.”
Tribal leaders describe the project as more than a casino launch. Chairman Jake Keyes has pointed to the wider impact on the Iowa Tribe of Oklahoma, including the creation of more than 300 positions across gaming operations, hospitality, food and beverage, security and administrative roles. Hiring efforts are expected to ramp up in the weeks leading to the grand opening.
Caesars Q4 results and expansion plans
The opening date arrives alongside a busy stretch for Caesars Entertainment. The company released its fourth-quarter and full-year 2025 earnings on the same day (February 17), showing mixed results across its portfolio. Fourth-quarter GAAP net revenue reached about $2.9 billion, slightly above the $2.8 billion reported a year earlier, with same-store Adjusted EBITDA of roughly $901 million. Even so, the company recorded a GAAP net loss of about $250 million for the quarter, compared with a profit in the prior-year period.
For the full year, revenue totaled around $11.5 billion, while net losses widened to approximately $502 million. Leadership has said those figures reflect ongoing investments and uneven performance in certain markets.
In 2025, Caesars’ third-quarter report pointed out softness in Las Vegas, where regional competition and changing travel patterns weighed on results. Despite this, the company has continued to branch out, including the recent opening of a Trackside Sportsbook venue in New Jersey aimed at blending live racing with sports betting.
CEO Tom Reeg said in the latest earnings release that traditional resort segments faced pressure in some areas, but “Caesars Digital which set a new quarterly record of $85 million” helped drive overall performance, and the company expects continued momentum into 2026.
When Harrah’s Oklahoma opens, it will join the broader Caesars Rewards network, which means visitors will be able to earn and redeem credits nationwide. Company officials say more details on dining concepts, entertainment programming and opening celebrations will be shared as April approaches.
Featured image: Caesars Entertainment
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