Caesars Palace

The property that birthed VICI · Caesars Entertainment operates · VICI owns
Last verified · May 18, 2026

Caesars Palace, opened 1966 by Jay Sarno, is the original Roman-themed property and the namesake of Caesars Entertainment. It is also the property whose bankruptcy reorganization (2015–2017) spun out VICI Properties — without Caesars Palace's distress, the entire Strip REIT structure as we know it might not exist. See VICI Properties — the landlord nobody mentions.