It's that time of the year again when I share with you the publication of Caesars Entertainment's annual Citizenship Report. This time the selected theme is "Inspiring Citizenship." Inspiring because citizenship inspires Caesars employees to perform their roles in the business with citizenship in mind. Inspiring because as Caesars employees engage across a host of activities to advance society and preserve the environment, they inspire others. This is the sixth annual Citizenship Report by this leading gaming-entertainment company and the third that I have been proud to work on. It's the third G4 core report, and covers performance in 2014 with stories through part of 2015.
It's always hard to summarize a report that contains a wealth of information about so many aspects of the company's operations. At Caesars, whether it's about Responsible Gaming, employee engagement, charitable giving, sustainable sourcing, policy activism or another topic, the report covers the ground. I've had to work really hard to limit this post to just 7 examples of how Caesars creates and gains value through inspiring citizenship to give you a flavor of what you can learn from the Caesars report this year.
ONE: Contributing to economic development Each year, Caesars has loads to tell about the way its core business actively advances economic development wherever the company operates. This is more than just doing business; it's doing business in a way that's designed to make a positive impact. In Baltimore, for example, in a year of operation,Horseshoe Casino Baltimore supported tourism with a big welcome to more than 2 million guests, created almost 2,000 jobs, hired more than 66% of the workforce from the within city limits, and established an ongoing community program with support for more than 45 social organizations through donations and >800 hours of employee volunteering time. Through Horseshoe Baltimore, Caesars has provided opportunity for many small businesses who have set up shop in the casino’s food court and has partnered with celebrity chefs including John Besh and Aarón Sanchez to bring Johnny Sanchez to Baltimore for an upscale dining experience. In its inaugural year, Horseshoe Baltimore contributed to developing local prosperity for the citizens of Baltimore though paying more than $42 million in taxes (casino companies are one of the most highly taxed businesses in the U.S.). In fact, overall, Caesars generates $5.9 million of contributed value for its communities for every $10 million in revenue, triple the estimated average of U.S. corporations.TWO: Transforming resorts and tourist venues