Who Owns the Caesars Palace?

Caesars Palace is owned by Vici Properties and operated by Caesars Entertainment.

Understanding Caesars Palace Ownership and Operation

While Vici Properties holds the real estate assets of the iconic Las Vegas resort, Caesars Entertainment manages and operates its day-to-day hospitality, gaming, and entertainment businesses. This structure is common in the hospitality and gaming industry, where a real estate investment trust (REIT) owns the physical property, and a separate company leases and operates it.

The Role of Vici Properties

Vici Properties is a leading real estate investment trust that specializes in gaming, hospitality, and entertainment destinations. Their portfolio includes numerous high-profile properties across the United States. As the owner of Caesars Palace, Vici Properties is responsible for the land and buildings, leasing them back to Caesars Entertainment.

The Role of Caesars Entertainment

Caesars Entertainment is one of the world's largest gaming companies. As the operator of Caesars Palace, they oversee all aspects of the resort's operations, including:

• Casino management
• Hotel accommodations
• Restaurants and bars
• Live entertainment and shows
• Convention and meeting facilities

This operational control ensures that the guest experience and daily activities align with the Caesars brand.

Architectural and Design Highlights

Caesars Palace is renowned for its distinctive architectural style, drawing heavily from ancient Roman aesthetics. Visitors will find:

• Numerous elaborate statues
• Grand columns
• Iconography typical of Hollywood Roman period productions
• A prominent 20-foot (6.1 m) statue of Augustus Caesar positioned near the entrance, welcoming guests.

This design contributes significantly to the resort's immersive and luxurious atmosphere, making it a landmark on the Las Vegas Strip.

Ownership & Operation at a Glance

For clarity, here's a breakdown of the key entities involved with Caesars Palace:

This dual structure allows Vici Properties to focus on real estate investment and growth, while Caesars Entertainment can concentrate on delivering premium entertainment and hospitality experiences.

For more information on Caesars Palace, you can visit its Wikipedia page.