page_title: Caesars Palace
section_title: Later history
hierarchical_section_title: Caesars Palace / History / Later history
caption_attribution_description: English: Flamingo Road passes the Caesars Palace hotel/casino in Las Vegas, Nevada, USAPolski: Droga Flamingo Road w Las Vegas, przebiegająca obok hotelu-kasyna Caesars Palace, Nevada, USA.
context_page_description: Caesars Palace is a luxury hotel and casino in Paradise, Nevada, United States. The hotel is situated on the west side of the Las Vegas Strip between Bellagio and The Mirage. It is one of Las Vegas's largest and best known landmarks.
  Caesars Palace was founded in 1966 by Jay Sarno and Stanley Mallin, who sought to create an opulent facility that gave guests a sense of life during the Roman Empire. It contains many statues, columns and iconography typical of Hollywood Roman period productions including a 20-foot statue of Augustus Caesar near the entrance. Caesars Palace is now owned by Vici Properties and operated by Caesars Entertainment. As of July 2016, the hotel has 3,960 rooms and suites in six towers and a convention facility of over 300,000 square feet.
  The hotel has a large range of restaurants. Among them are several which serve authentic Chinese cuisine to cater to wealthy East Asian gamblers. From the outset, Caesars Palace has been oriented towards attracting high rollers. The modern casino facilities include table games such as blackjack, craps, roulette, baccarat, Spanish 21, mini-baccarat, Pai Gow and Pai Gow poker.
context_section_description: In 1986, the annual Teamsters convention was held at Caesars with a $650,000 party. The lavish feast included caviar, crab claws, roast beef and a range of 15 different desserts. In 1991, Sheila King won a $250,000 jackpot in the casino at Caesars Palace on a $500 machine and won $50,000 twice soon afterward. Over three years she won $200 million on the machines but kept pumping the money back into the machines. Despite her luck, in 1994 her winnings fell to $500,000, and she spent much of her time over the next four years in the law courts claiming that the casino operators had tampered with her machines and deceived her to keep her winning.
  In the 1990s, the hotel's management sought to create more elaborate features to compete with the other modern Las Vegas developments. The Forum Shops at Caesars opened in 1992; it was one of the first venues in the city where shopping, particularly at high-end fashion house stores, was an attraction in itself. A new redevelopment opened on October 22, 2004.
  In June 2005, Harrah's Entertainment acquired Caesars Entertainment, Inc. and became the owner of Caesars Palace. Harrah's changed its own name to Caesars Entertainment in 2010, to capitalize on the prestige of the Caesars brand.
  In 2010, Caesars Palace was fined $250,000 by the Nevada Gaming Commission for permitting a high-limit baccarat player to dance on the card table while the game was underway. In September 2015, Caesars Palace agreed to pay the Financial Crimes Enforcement Network an $8 million civil money penalty for violating the Bank Secrecy Act.
  In October 2017, ownership of Caesars Palace was transferred to Vici Properties as part of a corporate spin-off; Vici leased the property back to Caesars Entertainment at an initial annual rent of $165 million.
caption: View from Flamingo Road in 2012
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