Better than Vegas odds!
Jon'Ric International and Caesars Entertainment Reach Agreement on Salon and Day Spa Location
Jon'Ric International announces an agreement with Caesars Entertainment to lease space for a Jon'Ric International Salon and Day Spa in the Flamingo Hotel and Casino in Laughlin, Nevada.Laughlin, NV (PRWEB) March 24, 2004 -- Jon'Ric International Corp., franchiser of upscale full-service hair salons, day spas, dental and medical spas is pleased to announce they have reached an agreement with Caesars Entertainment Inc. (NYSE: CZR), subject to finalization of lease terms, to locate a corporate owned Jon'Ric International Salon and Day Spa in the Flamingo Hotel and Casino in Laughlin, Nevada.
The Flamingo Laughlin is located 90 miles south of Las Vegas along the banks of the Colorado River. The two 18-story hotel towers, with more than 1,900 rooms and six restaurants, make the Flamingo an extraordinary hotel and casino. The 60,000 square foot casino features 1,500 slot machines, 54 table games, a state of the art Sports Race Book, Keno Lounge and live Poker Room. In addition, the property has a 3,000-seat outdoor amphitheater, a 2,000-seat ballroom and a 300-seat Las Vegas style showroom.
"We are very fortunate and proud to have been invited to be part of the Caesars Entertainment family and look forward to placing additional Jon'Ric locations in other Caesars properties in the future," said Jon'Ric International President, Jon Rando. "We are also in advanced talks with several major gaming and hotel corporations to place a Jon'Ric International Salon and Day Spa in their hotels and resorts and are actively seeking franchisees for these locations. Additionally, we are seeking investors for future corporate projects we have negotiated."
The 1,700 square foot Jon'Ric International Salon and Day Spa, to be located in the main lobby, will feature hair care, manicure/pedicure, massage and day spa services. At present the hotel offers massage services which will be incorporated into the Jon'Ric location. The project, to be completed Fall 2004, is estimated to cost $325,000 and will be financed by Jon'Ric International and several venture capital investors.
Caesars Entertainment Inc., with $4.5 billion in annual net revenue and 29 properties in five countries on four continents, is one of the world's most respected and best recognized gaming companies. The Caesars brands: Caesars Place, Flamingo, Paris, Bally's, Hilton and Grand Casinos encompass 29,000 hotel rooms, two million square feet of casino space and employs 54,000 individuals.
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