Who owns which Las Vegas casinos

Last Update: July 2024

Takeaways:

  1. A handful of companies own most Vegas casinos.  Two of them together own over half of the Strip casinos.  (Peak consolidation was 66% in 2005.)
  2. The property owner is often different from the casino owner.  The list below is for who owns the casino business, which might not be the same company that owns the buildings.  (more...)

Most of the Strip

A whopping 17 of the 32 strip casinos are owned by just two companies. Bye-bye, competition!


MGM Resorts

  1. Aria
  2. Bellagio
  3. Cosmopolitan
  4. Excalibur
  5. Luxor
  6. Mandalay Bay
  7. MGM Grand
  8. Park MGM
  9. New York New York

The 2005 merger between MGM & Mandalay created the largest gaming company in the world at that time, with 28 properties in five states, annual revenues of $6B, and control of 40% of the slots, 44% of the table games, and 49% of the rooms (36,000 of 73,000) on the Las Vegas Strip.


Caesar's Entertainment

  1. Caesars Palace
  2. The Cromwell
  3. Flamingo
  4. Harrah's
  5. Horseshoe
  6. Linq / O'Sheas
  7. Paris
  8. Planet Hollywood

The 2005 merger between Caesars & Harrah's surpassed MGM/Mandalay to create the largest gaming company in the world at the time, with 40 properties over 100,000 employees.  The merged company was initially known as Harrah's Entertainment, then in Nov. 2010 the name changed to Caesar's Entertainment Corp.

Other Strip Casinos

Casino Royale:  M. Elardi

Circus Circus, Slots-a-Fun, Treasure Island:  Phil Ruffin

Encore, Wynn: Wynn

Fontainebleau:

   Fontainebleau Dev. and Koch Real Estate
Mirage: Hard Rock Intl.

Palazzo, Venetian:
  
Apollo

Resorts World: Genting

Sahara: Meruelo Group

Strat:  Golden Ent. (also owns Arizona Charlie's in LV, Aquarius & Edgewater in Laughlin, Gold Town, Lakeside, & Pahrump Nugget in Pahrump)

City Center (real estate): Blackstone

Downtown Vegas

Boyd Gaming

  • California
  • Fremont
  • Main Street Station

Derek & Greg Stevens

TLC Enterprises

Individually-owned

Other Vegas Casinos

Arizona Charlie's: Golden Entertainment

OYO:  OYO, Highgate

Palms:  San Manuel Band

Rampart:  Larco/Hotspur

Silver Sevens: Affinity

Silverton:  Ed Roski

South Point: Michael Gaughan

Tuscany: Heers Family Trust

Virgin: Mohegan Tribe (they confirmed to me that they're the owner, not just operator)

Westgate: Westgate Resorts


Boyd Gaming

  Downtown
  • California
  • Fremont
  • Main Street Station
  Locals Casinos
  • Aliante
  • Cannery
  • Eastside Cannery
  • Gold Coast
  • Orleans
  • Sam's Town
  • Suncoast
  Henderson, NV
  • Eldorado
  • Joker's Wild

Station Casinos

Red Rock Resorts is the majority owner (2019) of Station.

Vegas

  • Boulder Station
  • Durango
  • Fiesta Rancho*
  • Palace Station
  • Red Rock
  • Santa Fe Station
  • Sunset Station
  • Wildfire (various locations)

Other Nevada

  • Barley's (Henderson)
  • Fiesta Henderson*
  • Green Valley Ranch
  • The Greens
  • Gold Rush
  • Magic Star
  • Renata's Casino
  • Texas Station (North Las Vegas)*
  • Wildfire (Henderson)

Other U.S.

  • Thunder Valley (Lincoln, CA)

*Closed for COVID and never reopened



Ownership timeline

Color coding:  Bally's name/Tropicana  City Center / Aria / Vdara  Cosmopolitan  Derek Stevens  Downtown (other)  Jackie Gaughan  MGM  Palms  Phil Ruffin  Venetian  Vici


Date Casino or Business Seller Buyer What Price Source Notes
 
6/12/24 Land, site of former Riviera
Las Vegas Convention Center & Visitors Authority
(1) 65SLVB (Brett Torino + Paul Kanavos)
(2) Fontainebleau
real estate + casino $125M
YogoNet

(details)  LVCCVA bought the site in 2015 in order to expand the convention center, but instead contracted in 2023 to sell the 10 acres to 65SLVB for $112.5M.  By 6/24 the sale hadn't happened yet, and LVCCVA split the property into two 5-acre parcels, with 65SLVB agreeing to sell the (non-strip-adjacent) 5 acres to Fontainebleau for $112.5M.

12/13/23 Fontainebleau (opens)

Fontainebleau Development, and Koch Real Estate
(builder & owner)
real estate + casino $3.7B (build cost)
NV Independent

(details)  The newest (at the time) ground-up casino on the Vegas Strip.

12/5/23 Durango (opens)

Station Casinos
(builder & owner)
real estate + casino $780M (build cost)
KLAS

(details)  Station builds a new ground-up casino in west Las Vegas.

Q4 2023 (expected) Bellagio
Blackstone Real Estate Income Trust (BREIT) Realty Income Corp. real estate $950M
PR Newswire

(details)  Blackstone sells part of its interest in Bellagio.  The result will be 73.1% BREIT, 21.9 Realty Income, 5% MGM Resorts.

10/2/23 Rio
Caesars Ent. Dreamscape casino operations
Yogonet

(details)  Caesars had already sold the real estate to Dreamscape back in 2019.  Dreamscape now takes over the casino operations, too.

April 2023 Undeveloped land across from Luxor
MGM Resorts Three Affiliated Tribes of Fort Berthold Indian Reservation real estate not disclosed
LVRJ, U.S. News

(details)  MGM sold the land that was the site of the 10/1/17 shooting, the deadliest in U.S. history, with 60 killed and over 850 injured.

3/16/23 Undeveloped land S. of Fontainebleau
Las Vegas Convention and Visitors Authority Brett Torino & Paul Kanavos real estate $125M
LVRJ

(details)  LVCVA agreed to sell ten acres at the SE corner of S. LVB and Elvis Presley Blvd. to developers.  See 6/12/24 for update.

1/9/23 Mandalay Bay + MGM Grand Blackstone VICI real estate $1.27B
Seeking Alpha, The Street

(details)  The real estate was jointly owned by VICI (50.1%) and Blackstone (49.9%).  With this deal, VICI is buying out Blackstone's portion.

Dec. 2022 Undeveloped land south of the strip Station Casinos HCA Healthcare real estate $62M
Casino.org

(details)  Station sold 56.6 acres of land across the street from the 126 acres it bought in July 2022.

12/26/22 Mirage MGM Resorts Hard Rock International casino $1.1B
AP, Hospitality Design, CNN

(details)  Hard Rock Intl. is owned by the Seminole Tribe of Florida, which has no relation to the earlier Hard Rock Casino on Harmon Ave. which closed in 2020. HRI plans to build a guitar-shaped hotel, and will probably get rid of the beloved volcano.  The real estate will continue to be owned by VICI.

9/27/22 Tropicana Gaming & Leisure (buildings), PENN Ent. (casino) Bally's casino + buildings (not land) $148M
News3LV

(details)  Bally's bought the "Non-land assets", which means the buildings + casino business.  This is odd because usually one company owns all the real estate (buildings+land), but now one company owns the land (Gaming & Leisure) and another the buildings (Bally's). • The Bally's Corp. which bought Tropicana is no relation to the Bally's Casino a few doors down, which is owned by Caesars.

7/18/22 Undeveloped land south of the Strip (not reported) Station Casinos real estate $172.4M Yogonet

(details)  Station bought 126 acres at LVB and Cactus Ave (and sold the land across the street in Dec. 2022)

6/17/22 land at SE corner of LVB at Harmon Haim Gabay, et al Fertitta Ent. / Tilman Fertitta real estate $240M Pechanga

(details)  The new owner plans to build a casino resort.  The area had hosted a Travelodge, the Hawaiian Marketplace, and a parking lot.

5/17/22 Cosmopolitan Blackstone REP MGM Resorts casino $1.6B Travel Weekly

(details)  See below for real estate sale.  This is the first new strip casino for MGM since opening Aria in 2009.

5/17/22
Cosmopolitan Blackstone REP Blackstone REIT, Cherng, Stonepeak real estate $5.65B Blackstone, News3LV

(details)  See above for casino sale

4/29/22 MGM Growth Properties MGM Growth Properties
VICI real estate business
$17.2B
BusinessWire, CNBC

(details)  Caesars Ent. created VICI to buy the real estate of its casinos, and MGM Resorts created MGM Growth Properties to do the same.  With this deal, VICI bought MGM Growth, so MGM's landlord is now an offshoot of its main competitor, Caesars.  This also means that VICI owns most of the real estate on the strip: The Caesars Ent. casinos and MGM Resorts' casinos.  With this sale, VICI acquired the real estate of Excalibur, Luxor, Mandalay Bay, MGM Grand, Mirage, NY NY, and Park MGM.  Note: This sale marks the end of MGM Growth.

2/23/22
Venetian/Palazzo
Las Vegas Sands
Apollo
casino business
$2.25B
Apollo

(details)  See below for the real estate sale.

2/23/22
Venetian/Palazzo, Sands Convention Center
Las Vegas Sands
VICI
real estate
$4B
Apollo

(details)  See above for the casino sale.  Note: This sale is unique in that the sole owner of the casino business + real estate sold each to a different company, and didn't retain ownership of either one itself.  Also, with this sale the seller no longer has any business in Vegas, although the name of the company is literally "Las Vegas Sands".

12/21
Palms
Station / Red Rock
San Manuel Band
casino + real estate
$650M
NV Independent, Travel Weekly

(details)  San Manuel Band of Mission Indians becomes the first owner/operator of a Vegas resort

9/28/21
Aria + Vdara
MGM Resorts
Blackstone
real estate
$3.9B
News 3 LV, Vital Vegas

(details)  MGM first bought out Infinity World's 50% stake (see below), becoming the sole owner, then sold the real estate to Blackstone.

9/28/21
Aria + Vdara
Infinity World
MGM Resorts
real estate
$2.1B
News 3 LV, Vital Vegas

(details)  MGM was already a 50% owner. (see above for related sale).

6/8/21
CityCenter, 2 acres
MGM Resorts
Brett Torino + Flag Luxury
real estate
$80M
LVRJ, Vital Vegas

(details)  SW corner of LVB & Harmon Ave, next to Crystals.  Slated to be four levels of retail, to be called Project 63, and to open in Oct. 2022.

10/13/20
"Bally's" name
Caesars Ent.
Twin River
brand name
$20M
PR Newswire, CDC Gaming, Casino.org

(details)  Twin River owns casinos across the U.S. but none in Vegas (until 5/22/22).  Following the purchase, it changed its name and the names of its casinos to Bally's   The company never owned nor operated the Bally's Casino next to Paris, which Caesars plans to rename to "Horseshoe".

7/20/20
Caesars Entertainment + Eldorado Resorts merge
resort business
$17B
Caesars, Yogonet

(details)  The merger creates the world's largest gambling group, with 60 casinos in 16 states.  Technically Eldorado bought Caesars, but the merged company will be known as Caesars.

7/20/20
23 acres near the Strip
Caesars Ent.
VICI
land
$103.5M
Yogonet, BusinessWire

(details)  The land is near the mid-Strip, on the far side of the monorail.

4/20/20
Tropicana
Penn Natl.
Gaming & Leisure Properties
real estate
$308M
Gaming & Leisure

(details)  Gaming & Leisure is a spinoff of Penn.

12/23/19
Circus Circus
MGM Resorts
Phil Ruffin
casino+real estate
$825M
News 3 LV

(details)  Ruffin also owns Treasure Island.  He's a close friend of Donald Trump.

12/5/19
Rio
Caesars Ent.
Dreamscape
real estate
$516M
press release

(details)  Caesars will continue to own & operate the casino business

8/19
Hooters Casino Hotel
Hooters
OYO
casino+real estate
$135M
LV Sun, Hospitality Net

(details)  OYO is based in India.  The closing date was not reported.  Highgate will manage the hotel, Paragon will continue to manage the casino.

4/19
Lucky Dragon casino hotel
Andrew Fonfa
Ahern
real estate (casino+hotel already closed)
$36M
Casino.org

(details)  Closing date of sale not reported.  Hotel to reopen with a new name, but not casino.

4/5/18
SLS (now Sahara)
Stockbridge
Meruelo Group
casino+real estate
not disclosed
press release

3/30/18
Hard Rock (Paradise/Harmon location)
Virgin
Brookfield Asset Mgmt.
casino+real estate
not disclosed
Gambling Insider, Vital Vegas

(details)  To be renamed Virgin.  No relation to the Hard Rock casino/hotel that's slated to replace the Mirage

12/22/17
Harrah's
Caesars
VICI
real estate
$1.1B
BusinessWire

(details)  Caesars to pay $87M/yr. in rent

10/23/17
Stratosphere, Arizona Charlie's Decator, Arizona Charlie's Boulder
Whitehall Street / American Casino & Ent.
Golden Entertainment
casinos + real estate
$850M
BusinessWire, Vital Vegas

(details)  Golden acquires American Casino company, getting all its casinos

10/6/17
Caesars Palace
Caesars Ent.
VICI
real estate
unknown
press release

(details)  Following MGM Resorts' lead, Caesars Ent. followed suit and started splitting the ownership of real estate from the casino business.  VICI is a spinoff of Caesars Ent., part of CE's emergence from bankruptcy.  VICI starts with a boatload of Caesars propeties, but Caesars Palace is the only one in Vegas for now.

12/20/16
Cannery + Eastside Cannery
Cannery Resorts
Boyd Gaming
casino+real estate
$230M
press release, Casino.org

(details)  Boyd acquires Cannery Resorts, getting all its casinos

10/3/16
Palms
TPG Capital + Leonard Green
Red Rock / Station
casino+real estate
$312.5M
press release, LVRJ

(details)  Palms would be resold in 2021, to the San Manuel Tribe of Indians.

4/25/16
Excalibur, Luxor, Mandalay Bay, MGM Grand, NY NY, Park MGM MGM Resorts
MGM Growth Properties
real estate
$1.1B
press release

(details)  This marks the first instance of a Vegas casino splitting off the real estate ownership from the casino business.

11/15
Golden Gate (remaining 35%)
Mark Brandenburg
Derek & Greg Stevens
casino+real estate
not disclosed
GGB News

(details)  Stevens already owned 65%, and now gets the last 35%

8/25/15
Tropicana
Tropicana
Penn National Gaming
casino+real estate
$360M
Penn 8-K

(details)  Penn National Gaming would later become PENN Entertainment

8/14/15
Las Vegas Club
Tamares Group
Derek & Greg Stevens
real estate
$40M
LV Sun

(details)  The casino closed almost immediately after the sale. The property is to be redeveloped along with neighboring properties into Circa.

2/13/15
Riviera
Riviera
Las Vegas Convention Center and Visitors Authority
real estate
$182.5M
KNPR

(details)  LVCCVA bough the soon-to-be defunct Riviera and demolished it, to expand the convention center, but instead sold the land in 2024.

5/14
Cosmopolitan
Deutsche Bank
Blackstone
casino+real estate
$1.73B
Forbes

(details)  The German bank had bought the property in 2008.

3/12/14
Legendary casino owner Jackie Gaughan dies at age 93. (details)  Throughout his career, he owned or had interests in Flamingo, Boulder Club, Las Vegas Club, The Western (which he started), Gold Spike, Plaza, Golden Nugget, Royal Inn, Showboat, and El Cortez. (Las Vegas Adviser, Wikipedia)
6/15/10
 MGM Mirage changes its name to MGM Resorts International.
LV Sun

(details)  Original MGM Grand, became MGM Mirage in May 2000 after acquiring Mirage Resorts.

3/20/09
Treasure Island
MGM Resorts
Phil Ruffin
casino+real estate
$755- 775M
Las Vegas Sun

(details)  Ruffin also bought Circus Circus in 2019.  He's a close friend of Donald Trump.

3/10/08
Binion's
MTR Gaming
TLC (Four Queens owner)
casino+real estate
$28-32M
LVRJ

(details)  Harrah's had bought the property from the Binion family in 2004, which sold it days later to MTR.

3/20/08
Golden Gate
Mark Brandenburg
Derek & Greg Stevens
50% of casino+real estate
not disclosed
LVRJ

(details)  The Stevens bros. acquired a 50% stake, Brandenburg retains a 50% stake.

2/3/08
Gold Spike
Greg Covin
Siegel Group (Stephen Siegel + John Tippins)
casino+real estate
$21M
Globe ST, LVRJ

(details)  Gold Spike had a casino until 2013.

Aug. 2007
Gold Spike
Tamares
Gregg Covin
casino+real estate
$15.6M
LVRJ

(details)  I couldn't verify the sale date, but on 2/4/08 LVRJ said the new sale was the second in six mos., which would put the 2007 sale at August.

March 2007
Sahara
Gordon Gaming / Bennett family
SBE + Stockbridge casino+real estate
$331.8M
LV Sun, NBC, LVRJ

(details)  The new owners planned an extensive remodel but canceled it when the recession hit.

July-Oct 2006
South Coast
(now South Point)
Boyd Gaming
Michael Gaughan casino+real estate
$576.5M
Mohave Valley News

(details)  I couldn't find the sale date.  The linked article announcing the sale agreement was July 25, and paywalled articles say that Gaughan "assumed operations" in October.

9/27/05
Golden Nugget
Poster Financial Group
Landry's (Tilman Fertitta)
casino+real estate
$295M
Business Journal

(details)  Landry's owns Golden Nugget casinos in various cities.

7/1/05
Gold Spike, Las Vegas Club, Plaza, Western
Barrick Gaming
Tamares
casino+real estate
not disclosed
LV Business Press, LV Sun

(details)  Tamares acquires Barrick, which includes all its properties.

6/13/05
Harrah's Entertainment acquires Caesars Entertainment.
$9B
LV Sun

(details)  The deal created the largest gaming company in the world at the time, .  with 40 properties.  Then in 2010, Harrah's changed its name to Caesars Entertainment.

4/25/05
MGM Mirage + Mandalay Resort Group merge.
$7B
NBC

(details)  One company now owns a majority of the hotel rooms on the strip, across nine casinos.

7/1/04

Boyd Gaming + Coast Casinos merge.

$1.3B
Travel Weekly, SEC 8-K
(details)  Coast becomes a subsidiary of Boyd.  Coast has Barbary Coast, Gold Coast, Orleans, and Suncoast.  Boyd has Stardust, Fremont, California, Main St. Station, Sam's Town, Joker's Wild, the Eldorado in Henderson, half of Borgata in Atlantic City, and casinos in the midwest and South.
3/25/04
Gold Spike, Las Vegas Club, Plaza, Western
Jackie Gaughan
Barrick Gaming
casino+real estate
$82M
Las Vegas Sun

(details)  Legendary casino owner Gaughan divests of all his properties except his beloved El Cortez.  The sale also includes 35 acres of land and two downtown motels.

July 2003
Four Queens
Elsinore Corp.
TLC / Terry Caudill
casino+real estate
$20.5M
Las Vegas Sun

(details)  Gold Spike had a casino until 2013.

5/30/00
MGM Grand Inc. merges with Mirage Resorts, becoming MGM Mirage
$4.4B
AP

(details)  MGM Mirage would go on to merge with Mandalay Group in 2005.

1999
Circus Circus Enterprises changes its name to Mandalay Resort Group.


(details)  Coincides with its opening of Mandalay Bay.

1995
Circus Circus Enterprises acquires Gold Strike Resorts.
$500M
LA Times

(details)  Hard to believe today, but this deal make Circus Circus the largest casino operator in the U.S., though the acquisition didn't add any casinos in Vegas itself..

1983
Circus Circus
Circus Circus Enterprises
Jay Sarno
real estate

Forbes

(details)  Real estate purchased from the original owner, Sarno.  CCE had formed in 1974 so Sarno could lease the struggling casino to CCE.

1981
Silver City
Circus Circus Enterprises

casino+real estate



1979
Slot-A-Fun
Circus Circus Enterprises

casino+real estate



1974
Circus Circus
Circus Circus Enterprises
Jay Sarno
casino business

Forbes

(details)  Sarno had started the casino in 1968.



Peak consolidation

Peak consolidation on the Strip was in 2005, when two companies owned 19 of the 29 Strip properties:

  1. MGM: Bellagio, Circus Circus, Excalibur, Luxor, Mandalay Bay, MGM Grand, Mirage, Monte Carlo, NY NY.
  2. Caesars:  Bally's, Caesars Place, Cromwell, Flamingo, Harrah's, Linq/O'Sheas, Paris, Planet Hollywood, Rio, Treasure Island).

Since then:

  1. MGM sold Mirage and Circus Circus.
  2. Caesars sold Rio.
  3. MGM acquired Cosmopolitan.

So, 19 - 2 + 1 = 17 strip casinos between the two companies, as of July 2024.


Some name changes also happened:

  1. MGM changed the name of Monte Carlo to Park MGM (but still owns it).
  2. Bally's became Horseshoe (but still owned by Caesars).

Real estate vs. casino ownership

The list above is who operates the casino business, not who owns the real estate (land+buildings), which is not always the same company.  For example, at your local Mel's Diner, Mel owns the restaurant business, but probably rents the property from a landlord.  With casinos, usually the same company owns both the business and the real estate, but increasingly there are separate owners for the two pieces.


Some Vegas casinos started selling their real estate assets in 2017, in order to free up cash to weather recessions.  (The casino then rents the property from the new landlord.)  In light of COVID-19, that action seems downright prescient.


MGM Resorts owns a bunch of casinos (not just the MGM Grand), and Caesars Entertainment also owns a bunch of casinos (not just Caesars Palace).  In 2017 MGM Resorts formed MGM Growth Properties to buy MGM-R's real estate, and Caesars Entertainment formed VICI to buy CE's real estate.  In a twist, in 2021 VICI acquired MGM Growth Properties, so the landlord for most MGM casinos is an offshoot of Caesars', MGM's main competitor.  That also means that VICI owns the real estate assets of most casinos on the strip.


Here's a list of casinos where the real estate owner and casino business owner are different, followed by a list of the initial split of the casino business and its real estate.  In all of those cases when the real estate was sold, the casino owner remained the same, except that Sands sold the Venetian/Palazzo real estate to one company and the casino business to another.

Real estate vs. Casino ownership (current)
Casino Casino owner Real estate owner
Aria MGM Resorts Blackstone
Bellagio MGM Resorts Blackstone (73%)
Realty Income (22%)
MGM Resorts (5%)
as of Q4 2023
Caesars Palace Caesars Entertainment VICI
Cosmopolitan MGM Resorts Blackstone REIT,
Cherng Family Trust,
Stonepeak Partners
Excalibur MGM Resorts VICI
Harrah's Las Vegas Caesars Entertainment VICI
Luxor MGM Resorts VICI
Mandalay Bay MGM Resorts VICI
MGM Grand Hard Rock International VICI
Mirage MGM Resorts VICI
New York New York
MGM Resorts VICI
Park MGM MGM Resorts VICI
Tropicana Penn National Building: Bally's Corp.
Land: Gaming & Leisure
Venetian, Palazzo Apollo VICI

Largest real estate owners
Owner Holdings summary Casinos
VICI 10 casinos (counting Venetian/Palazzo separately) • 40,775 hotel rooms • 1.2M sf casino space Caesars Palace • Excalibur • Harrah's • Luxor • Mandalay Bay • MGM Grand* • Mirage • NY NY • Palazzo • Park MGM • Venetian
Blackstone 3 casinos Aria, Bellagio, Cosmopolitan

Real estate spinoffs (original split only)
Casino Real Estate seller Real estate buyer Real Estate Sold
Cosmopolitan Blackstone Blackstone REIT, Cherng Family Trust,
Stonepeak Partners
Sept 2021
Aria MGM Resorts Blackstone July 2021
Venetian, Palazzo Apollo VICI Mar. 2021
Tropicana Penn National Building: Bally's
Land: Gaming & Leisure
April 2021
April 2020
Mandalay Bay,
MGM Grand
MGM Resorts MGM Growth + Blackstone Jan. 2020
Rio Caesars Entertainment Dreamscape Dec. 2019
Bellagio MGM Resorts Blackstone Nov. 2019
Harrah's Las Vegas Caesars Entertainment VICI Dec. 2017
Caesars Palace Caesars Entertainment VICI Oct. 2017
Excalibur, Luxor, Mandalay Bay,
MGM Grand, NY NY, Park MGM
MGM Resorts
MGM Growth Properties
April 2016


The three Bally’s

There are/were three companies named Bally's:

  1. Bally's Las Vegas Hotel & Casino on the Vegas strip, which became Horseshoe on 12/15/22, and which was owned by Caesars Entertainment before and after.
  2. Bally's Corporation, which owns lots of casinos (but not the former Bally's Casino on the strip), and which bought the Tropicana in Sept. 2022.
  3. Bally's Manufacturing, later Bally's Entertainment, which made slot machines and pinball machines, and owned amusement parks and gyms, before it went out of business.

Native American ownership

First, let's dispel the myth that most Native Americans are getting rich off tribal casinos:  The reality is that most tribes don't operate casinos, and most of the members of the tribes which do operate casinos don't receive any kind of cash payout.  With that out of the way, let's look at Native American involvement in Vegas casinos.


Native American involvement in Vegas
Casino Tribe Role Started
undeveloped land across from Luxor (site of the 10/1/17 mass shooting)
Three Affiliated Tribes of the Fort Berthold Reservation
Three Affiliated bought the land from MGM Resorts, presumably to build a casino
Dec. 30, 2022
Mirage
Seminole Tribe of FL (which owns Hard Rock)
property + casino owner/operator
Dec. 26, 2022
Palms San Manuel Band property + casino owner/operator Dec. 2021
Virgin Mohegan Virgin owns the real estate, and presumably the hotel operations, but the Mohegan tribe was the owner/operator of the casino (as they confirmed to me, i.e., both owner/operator, not just operating on behalf of a Virgin owner).  However, on May 7, 2024, Virgin announced that it will be taking over casino owner/operations from Mohegan. March 2021

Who owns what

Because this is how people search for casino ownership, this section helps the search engines answer those questions.


Who owns Aria casino?  Aria is owned by MGM Resorts.

Who owns Bellagio casino?  Bellagio is owned by MGM Resorts.

Who owns Caesars Palace casino?  Caesars Palace is owned by Caesars Entertainment, which also owns a bunch of other casinos in Las Vegas and the U.S.

Who owns Casino Royale in Las Vegas?  Casino Royale is owned by M. Elardi, and is Elardi's only casino property.

Who owns Circus Circus casino?  Bally's is owned by Phil Ruffin, who also owns Slots-A-Fun and Treasure Island.

Who owns Cosmopolitan casino?  Cosmo is owned by MGM Resorts.

Who owns Cromwell in Las Vegas?  Cromwell is owned by Caesars Entertainment.

Who owns Durango Las Vegas?  Durango Las Vegas is owned by Station Casinos, which owns a bunch of other casinos in Vegas and elsewhere.

Who owns Encore casino?  Encore, the sister casino of Wynn, is owned by Wynn Resorts, which also owns casinos elsewhere in the U.S. as well as in Macau, China.

Who owns Excalibur casino?  Excalibur is owned by MGM Resorts.

Who owns Flamingo casino in Las Vegas?  Flamingo is owned by Caesars Entertainment.

Who owns Fontainebleu Las Vegas?  Fontainebleau Las Vegas is owned by Fontainebleau Development and Koch Real Estate.

Who owns Harrah's casino in Las Vegas?  Harrah's is owned by Caesars Entertainment.

Who owns Horseshoe casino in Las Vegas?  Horseshoe is owned by Caesars Entertainment.  The name changed from Bally's on Dec. 15, 2022.

Who owns The Linq in Las Vegas?  Linq, with its casino called O'Sheas, is owned by Caesars Entertainment.

Who owns the Luxor casino?  Luxor is owned by MGM Resorts.

Who owns Mandalay Bay casino?  Mandaly Bay is owned by MGM Resorts.

Who owns the MGM Grand?  The MGM Grand casino business is owned by MGM Resorts, which owns a bunch of other casinos on the Vegas strip and elsewhere.  The real estate (buildings and land) is owned by VICI and Blackstone.

Who owns the Mirage casino?  The Mirage is owned by Hard Rock International (itself owned by the Seminole Tribe of Florida), which bought the Mirage on Dec. 26, 2022.

Who owns New York New York casino?  New York New York is owned by MGM Resorts.

Who owns the Palazzo casino?  Apollo owns the Venetian and Palazzo.

Who owns Paris casino in Las Vegas?  Paris Las Vegas is owned by Caesars Entertainment.

Who owns Park MGM?  Park MGM is owned by MGM Resorts.  It's the only non-smoking casino in Las Vegas.

Who owns Planet Hollywood casino?  Planet Hollywood in Las Vegas is owned by Caesars Entertainment.

Who owns Resorts World?  Resorts World is owned by Genting.

Who owns Rio Las Vegas?  Rio Las Vegas is owned by Dreamscape.

Who owns Sahara casino?  Sahara is owned by Meruelo Group, and is managed by a bunch of jerks.

Who owns Slots-A-Fun?  Slots-a-Fun is owned by Phil Ruffin.

Who owns the Strat casino?  Strat is owned by Golden Entertainment.

Who owns Treasure Island?  Treasure Island is owned by Phil Ruffin.

Who owns the Tropicana casino in Las Vegas?  Tropicana in Vegas is owned by Bally’s Corporation (which is completely unrelated to the Bally's casino on the Strip, or the former Bally's slot machine manufacturer).  The name will be changed to Bally’s soon.

Who owns the Venetian casino?  Apollo owns the Venetian and Palazzo.

Who owns the Virgin Las Vegas casino?  It's called the Mohegan Sun Casino and is run by the Mohegan Tribe, but it's not clear whether they're also the owner.  I made inquiries to both Mohegan and the NV Gaming Commission.

Who owns the Wynn casino in Vegas?  Wynn and Encore are owned by Wynn Resorts.


My related lists


Other sites

  • Nick Christenson's used to maintain an ownership list at LV Revealed.  He abandoned it years ago, but it was the inspiration for my own list, so I'm continuing to give him props here.
  • Who Owns Vegas doesn't seem to have been updated since 2011.
  • Most other sites which list casino ownership have simply copied from my own list.