Who Owns Caesars Palace?
Caesars Palace is owned and operated by Caesars Entertainment, Inc. (NASDAQ: CZR), the largest US casino company. Jay Sarno opened the Roman-themed resort in August 1966, and it became the flagship of the current company after the 2020 Eldorado-Caesars merger. It has roughly 4,000 rooms across six towers.
Parent Company
Founded
1966
Status
Publicly Traded
Headquarters
Caesars Palace Timeline
Who Owns Caesars Palace?
- Parent Company: Caesars Entertainment, Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: CZR
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Caesars Palace | Caesars Entertainment, Inc. | Wholly owned |
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History of Caesars Palace
- Founded: 1966
- Founders: Jay Sarno
Jay Sarno conceived Caesars Palace as Las Vegas's first fully themed resort, borrowing $35 million, mostly from the Teamsters pension fund, to build a Roman fantasy with marble statuary, fountains, and a casino floor far grander than anything on the Strip in 1966. Frank Sinatra headlined the opening, beginning a tradition of superstar entertainment that continued through Celine Dion's long-running residency at The Colosseum, which was built for her in 2003.
Expansion added the Palace, Centurion, Roman, Forum, Augustus, Octavius, and Julius towers, growing room count to roughly 4,000. Notable additions include the Forum Shops luxury mall, opened in 1992 and later sold, and Nobu Hotel, the first hotel-within-a-hotel on the Strip.
The property passed through ownership changes as its parent evolved: ITT Sheraton, Starwood, Park Place Entertainment, Harrah's, the Apollo-TPG leveraged buyout, the 2015-2017 bankruptcy restructuring, and finally the 2020 Eldorado merger that created the current Caesars Entertainment. Through all of it, the resort remained the portfolio flagship.
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About Caesars Entertainment, Inc.
What does Caesars Entertainment own?
The company operates roughly 50 casinos and resorts under brands including Caesars Palace, Harrah's, Horseshoe, Tropicana, Flamingo, Paris, Planet Hollywood, and The Linq, plus the Caesars Sportsbook online betting platform. It owns most of its Las Vegas real estate and leases some properties from VICI Properties.
Is Caesars Entertainment publicly traded?
Yes. It trades on NASDAQ under the ticker CZR and is a member of the S&P 500. The current company was formed by Eldorado Resorts' 2020 acquisition of the legacy Caesars Entertainment Corporation.
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Who owns Caesars Entertainment?
The company is publicly held by institutional and retail investors, with no controlling shareholder. The Carano family, founders of Eldorado Resorts, remains a significant shareholder group. Tom Reeg serves as CEO.
Where is Caesars Entertainment headquartered?
The company is headquartered in Reno, Nevada, where Eldorado Resorts was founded, with major operations centered on the Las Vegas Strip.
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Does Caesars own Caesars Palace?
Yes. Caesars Palace on the Las Vegas Strip is the company's flagship property, owned and operated directly. Jay Sarno opened it in 1966, and it became part of the current company through the 2020 Eldorado merger.
- Founded: 1937
- Headquarters: Reno, Nevada, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: CZR
- Revenue: $11.5 billion (FY2025)
- Employees: Approximately 50,000
Where Is Caesars Palace Made / Based?
- Headquarters: Las Vegas, Nevada, USA
Caesars Palace Categories & Tags
Brands Owned by Caesars Entertainment, Inc.
Travel HospitalityCaesars Sportsbook
Owned by Caesars Entertainment, Inc.
Online sports betting and iGaming platform operated by Caesars Digital, the digital arm of Caesars Entertainment.
sports-bettingigamingonline-gambling
Travel HospitalityHarrah's
Owned by Caesars Entertainment, Inc.
Historic casino brand founded by William Harrah in 1937, now a nationwide chain of casinos operated by Caesars Entertainment.
casinogamingreno
Travel HospitalityHorseshoe
Owned by Caesars Entertainment, Inc.
Casino brand revived by Caesars Entertainment for mid-market regional properties and the rebranded Horseshoe Las Vegas on the Strip.
casinogaminglas-vegas
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Caesars Palace Ownership: Pros & Cons
Advantages
- +Flagship status inside the largest US casino company
- +Six decades of brand equity and Roman theme recognition
- +Colosseum residencies drive premium room and F&B revenue
- +Caesars Rewards cross-property loyalty integration
- +Company-owned real estate preserves economics
Considerations
- -Las Vegas visitation softness pressured FY2025 segment revenue
- -Aging original towers require periodic reinvestment
- -Premium competition from newer Strip resorts
- -Parent's high debt load can constrain capital allocation
Frequently Asked Questions About Caesars Palace
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Sources & Further Reading
Competitors to Caesars Palace
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Mgm Resorts | USA | 1998 | Premium | United states | All Genders | |
| Las Vegas Sands | Singapore | 2010 | Luxury | Asia pacific | All Genders | |
| Las Vegas Sands | China | 2004 | Premium | Asia pacific | All Genders | |
| Las Vegas Sands | China | 2012 | Luxury | Asia pacific | All Genders | |
| Las Vegas Sands | China | 2016 | Premium | Asia pacific | All Genders | |
| Las Vegas Sands | China | 2007 | Premium | Asia pacific | All Genders |
Learn More About Competitors
Travel HospitalityBellagio
Owned by MGM Resorts International
Flagship luxury Las Vegas resort owned by MGM Resorts International, famous for its fountains, conservatory, and fine art collection.
casinoresortluxury
Travel HospitalityMarina Bay Sands
Owned by Las Vegas Sands Corp.
Singapore integrated resort owned by Las Vegas Sands, famous for its three-tower SkyPark design and status as the world's most profitable casino resort.
casinoresortluxury
Travel HospitalitySands Macao
Owned by Las Vegas Sands Corp.
The original Las Vegas Sands casino in Macao, opened in 2004 as the first US-operated casino resort in the territory after the end of the gaming monopoly.
casinoresortmacao
Travel HospitalityThe Londoner Macao
Owned by Las Vegas Sands Corp.
British-themed Cotai integrated resort operated by Sands China, rebranded from Sands Cotai Central and relaunched in 2021 with Londoner Grand suites.
casinoresortmacao
Travel HospitalityThe Parisian Macao
Owned by Las Vegas Sands Corp.
French-themed Cotai integrated resort operated by Sands China, known for its half-scale Eiffel Tower replica and roughly 2,500 hotel rooms.
casinoresortmacao
Travel HospitalityThe Venetian Macao
Owned by Las Vegas Sands Corp.
Flagship Cotai Strip integrated resort operated by Sands China, the Las Vegas Sands subsidiary, with roughly 3,000 suites and one of the world's largest casino floors.
casinoresortmacao
Competitive Analysis
Market Positioning: Caesars Palace competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Caesars Palace
Looking for brands with different ownership structures? These similar brands are not owned by Caesars Entertainment, Inc., giving you alternative choices that support different corporate structures.
Travel HospitalityAtlantis Resorts
Owned by Kerzner International Holdings Limited
Luxury integrated resort brand operating properties in the Bahamas, Dubai, and China under two separate ownership structures, with new resorts announced for the Maldives and Saudi Arabia.
luxury-resortsintegrated-resortshospitality
Privately Owned
Atlantis Resorts is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Travel HospitalitySandals
Owned by Sandals Resorts International
Caribbean all-inclusive couples resort brand of Sandals Resorts International, founded in Jamaica in 1981.
resortsall-inclusivecaribbean
Privately Owned
Sandals is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Travel HospitalityThe Cove Atlantis
Owned by Kerzner International Holdings Limited
600-suite luxury adults-only tower at Atlantis Paradise Island offering elevated accommodations, private pools, and exclusive amenities.
luxury-hoteladults-onlyresort-accommodation
Privately Owned
The Cove Atlantis is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Travel HospitalityDolphin Cay
Owned by Kerzner International Holdings Limited
14-acre marine habitat and conservation center at Atlantis Paradise Island offering dolphin encounters and marine education programs.
marine-habitatdolphin-encounterconservation
Privately Owned
Dolphin Cay is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Travel HospitalityTaj Hotels
Owned by Tata Group
India's flagship luxury hotel brand, operated by Indian Hotels Company Limited (IHCL), a subsidiary of Tata Group. One of the most recognized luxury hospitality brands in Asia with approximately 350 hotels globally.
luxury-hotelsindian-brandhospitality
Privately Owned
Taj Hotels is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Travel HospitalityThe Ritz London
Owned by Ritz Hotel (London) Limited
Iconic five-star luxury hotel on Piccadilly in London, founded by Cesar Ritz in 1906 and privately owned by Qatari businessman Abdulhadi Mana Al-Hajri since March 2020.
luxury-hotellondonfive-star
Privately Owned
The Ritz London is privately owned, unlike Caesars Palace which is under a publicly traded parent company.
Caesars Entertainment, Inc. Stock Information
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