Caesars is the world's most geographically diversified casino-entertainment company. Since our beginning in Reno, Nevada, more than 75 years ago, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on three continents. Our resorts operate primarily under the Caesars®, Harrah's®, and Horseshoe® brand names. Caesars is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technological leadership. Caesars is committed to corporate citizenship and being a responsible steward of the environment.
Positive Economic Contribution
Our objective in all the locations in which we are privileged to operate is to make a positive overall contribution, adding both economic value and helping develop vibrant communities. A Caesars Entertainment property delivers widespread economic benefits for the local community, creating thousands of direct job opportunities, attracting tourism, engaging hundreds of local businesses as suppliers, and contributing significant funds through taxes and community investment through our charitable foundation.
We believe we are playing a huge role in creating sustainable cities of the future. For every dollar the average U.S. Corporation pays in taxes, Caesars pays more than three dollars. This injection of funds enables local communities to enjoy a range of diverse benefits. Additionally, on a direct basis, we redistribute the economic value we generate to our different stakeholder groups. Our employees receive salaries and benefits, our suppliers receive fair compensation for the goods and services they provide, the individuals and organizations that finance our business through the purchase of our stock or provision of loans earn a share of the value we create in the form of interest payments, and we help empower communities through our charitable donations and volunteering activity.
In short, both in challenging economic times when our company is under pressure, and in more favorable times when revenues and profitability are growing, the economic value we create and distribute to our stakeholders is significant.