Following moves by other companies to delay or cancel building projects amid the floundering economy, Harrah's Entertainment is delaying the opening of its Octavius Tower expansion at Caesars Palace until demand for hotel rooms improves, the company said today. The company had planned to open the 660-room tower, part of a USD 1 billion hotel expansion, this summer.

Casino company Harrah’s Entertainment Inc. topped off a 23-story tower at Caesars Palace on Tuesday as part of a USD 1 billion expansion at its flagship Las Vegas Strip resort. The 665-room Octavius Tower is the sixth at Caesars. The 665-room Octavius Tower is the sixth at Caesars and is part of an expansion the company hopes will help the hotel-casino compete with planned neighboring luxury resorts.