Caesars Entertainment exec expresses optimism for 2011

Caesars Entertainment Corp. Vice President and Chief Financial Officer Jonathan Halkyard is optimistic about 2011.

After a lunchtime address Thursday to Las Vegas Asian Chamber of Commerce members at The Westin, Halkyard said there's reason to expect the New Year to be a little happier for the gambling industry.

"I think there is general feeling a little better in Las Vegas and in most of our properties worldwide," he said. "I don't expect it to snap back, but it is a steady recovery."

The Tuesday opening of The Cosmopolitan of Las Vegas should help other valley gaming properties, especially the Caesars-owned Planet Hollywood Resort across the street, Halkyard added.

"With the quality of the project and its position on the Strip, we hope it will be well received and draw tourists to the Strip," he said.