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Gambling problem?

  1. Call the 800-522-4700 hotline or get online help
  2. See these horror stories.
  3. Know that Parkinson's drugs encourage gambling.

Who owns which Las Vegas casinos

Last Update: March 2021

If you thought most casinos in Vegas were independently owned, think again.  All the casinos together are owned by just a handful of companies.  In fact, just two companies together own the overwhelming majority of strip properties.  So, if you have a bad experience at one casino and plan to take your business next door, there's a good chance the new casino you walk into will have the same owner!

Peak consolidation on the Strip was in 2005, when two companies owned 19 of the 29 Strip properties.  (MGM: Aria, Bellagio, Circus Circus, Excalibur, Luxor, Mandalay Bay, MGM Grand, Mirage, Monte Carlo, NY NY.  Caesars:  Bally's, Caesars Place, Cromwell, Flamingo, Harrah's, Linq/O'Sheas, Paris, Planet Hollywood, Rio, Treasure Island).

Most of the Strip

A whopping 17 of the 29 strip casinos are owned by just two companies. Bye-bye, competition!

MGM Resorts

  1. Aria, as part of CityCenter*
  2. Bellagio
  3. Excalibur
  4. Luxor
  5. Mandalay Bay†
  6. MGM Grand†
  7. The Mirage
  8. Park MGM
  9. New York New York

*50% ownership; other owner is Infinity World Development.
†The real estate is owned by MGM Growth and Blackstone Real Estate.

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. Bally's
  2. Caesars Palace
  3. The Cromwell
  4. Flamingo
  5. Harrah's
  6. Linq / O'Sheas
  7. Paris
  8. Planet Hollywood
  9. Rio (off-strip)
  10. Harrah's (Laughlin)

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

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

Casino Royale:  M. Elardi

Cosmopolitan: Blackstone

Encore, Wynn:  Wynn

Palazzo, Venetian: Apollo

Sahara: Meruelo Group

Strat:  Golden Entertainment

Tropicana: Penn National

Downtown Vegas

Boyd Gaming

  • California
  • Fremont
  • Main Street Station

Derek & Greg Stevens

TLC Enterprises


Other Vegas Casinos

Arizona Charlie's: Golden Entertainment

OYO:  OYO, Highgate

Rampart:  Larco/Hotspur

Silver Sevens: Affinity

Silverton:  Ed Roski

South Point: Michael Gaughan

Tuscany: Heers Family Trust

Virgin: Virgin

Westgate: Westgate Resorts

Boyd Gaming

  • California
  • Fremont
  • Main Street Station
  Locals Casinos
  • Aliante
  • Cannery
  • Eastside Cannery
  • Gold Coast
  • Orleans
  • Sam's Town
  • Suncoast
  Not in Vegas
  • Eldorado (Henderson)
  • Joker's Wild (Henderson)
  • Sam's Town Gold River (Laughlin)

Station Casinos

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


  • Palms
  • Red Rock
  • Boulder Station
  • Palace Station
  • Santa Fe Station
  • Sunset Station
  • Texas Station

Other Nevada

  • Fiesta Henderson
  • Fiesta Rancho
  • Red Rock Casino
  • Wild Wild West
  • Wildfire
  • Green Valley Ranch
  • Barley's
  • The Greens
  • Gold Rush
  • Magic Star
  • Lake Mead
  • Renata's Casino

Other U.S.

  • Thunder Valley (Lincoln, CA)

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 probably owns the restaurant business, but 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.

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.

Here's a list of casinos where the real estate owner and casino business owner are different.  In all of these cases except the Venetian/Palazzo, when the real estate was sold, the casino owner remained the same.

Real estate vs. Casino ownership
Casino Casino owner Real estate owner Sold
Venetian, Palazzo Apollo Vici Mar. 2021
Rio Caesars Dreamscape Dec. 2019
Bellagio MGM Resorts MGM Growth + Blackstone Nov. 2019
Caesars Palace Caesars Vici Oct. 2017
(see below)
Harrah's Las Vegas Caesars Vici Dec. 2017
Mandalay Bay MGM Resorts MGM Growth + Blackstone Jan. 2020
MGM Grand MGM Resorts MGM Growth + Blackstone Jan. 2020
Rio Caesars Entertainment Dreamscape Cos. Dec. 2019
Tropicana Penn National Gaming & Leisure April 2020

Ownership timeline

  • Las Vegas Sands sells the Venetian and Palazzo casinos, along with the Sands Expo Center, to Apollo Management (casino operator, for $4B) and Vici (property owner, for $2.25B).  Since this ends Las Vegas Sands' business in Vegas, it changed its name to just "Sands".  (LV Sun, Mar. 2021)
  • Caesars sells its Ballys brand to another casino group (Twin River Holdings).  That allows Twin Rivers to use the Ballys name for its family of casinos. (, Oct. 2020)
  • Caesars Entertainment and Eldorado merge.  The two casino groups combine their respective companies in a $17 billion merger, creating the world's largest gambling group, with 60 casinos in 16 states. (NNBW, Yogonet) (July 2020) 
  • Caesars sells the real estate of the Rio to Dreamscape, but continues to operate the casino itself. (Press release, Dec. 2019)
  • Circus Circus and Slots-a-Fun sold to Phil Ruffin by MGM Resorts. (CDC) (Dec. 2019)
  • Hooters sold to OYO, to rebrand as OYO. (LV Sun) (Aug. 2019)
  • SLS (now Sahara) is sold to Meruelo Group from Stockbridge. (PR) (April 2018)
  • Hard Rock Casino is sold to Virgin, to become Virgin Las Vegas in late 2020.  (Fortune) (Mar. 2018)
  • Stratosphere's owner, American Casino & Entertainment, is bought out by Golden Entertainment, making Golden the new owner of the Strat.  (iGB) (Mar. 2018)
  • Caesars Entertainment sells the real estate of Harrah's Las Vegas to Vici (for $1.1B), and becomes Vici's tenant (for $87M/year). (Dec. 2017)
  • Caesars Entertainment sells the real estate of Caesars Palace.  In the first example of strip casinos splitting the ownership of its casino business from the property itself, Caesars sells the real estate of its casino to Vici, and becomes Vici's tenant.  Note, reporting on this was ambiguous and inconsistent; e.g., Las Vegas Sun said that Caesars sold "almost all" of its properties to Vici, but it was really just only Caesars Palace.  (Vici's website shows the only Vegas properties it owns as Caesars, and Harrah's, which they bought in Dec. 2017.)  Vici's press release was similarly unhelpful, being 95% marketing B.S. and short on details. (Oct. 2017)
  • Cannery and Eastside Cannery are sold to Boyd Gaming by Cannery Casino Resorts.  (PR) (Dec. 2016)
  • The Palms is sold to Station Casinos. (PR) (Oct. 2016)
  • Golden Gate:  Derek Stevens acquires remaining 35%. (LVRJ) (Nov. 2015)
  • Las Vegas Club sold to Derek Stevens. (LVRJ) (Aug. 2015)
  • LVH (formerly LV Hilton, now Westgate) is sold to Westgate. (RGJ) (July 2014)
  • Cosmopolitan sold to Blackstone by Deutsche Bank.  (Forbes) (May 2014)
  • Jackie Gaughan: Legendary downtown casino owner dies, at age 93.  (LVA) (March 2014)
  • Treasure Island sold to Phil Ruffin by MGM Resorts.  (LV Sun) (March 2009)
  • Binion's sold to TLC.  (Binion's) (March 2008)
  • Golden Gate:  Derek Stevens acquires 50% stake.  (LVRJ) (March 2008)
  • Gold Spike is sold to the Siegel Group by Gregg Covin.  (Siegel) (Feb. 2008)
  • Gold Spike is sold to Gregg Covin by Tamares. (LVRJ) (July 2007)
  • Sahara is sold to SBE and Stockbridge by Gordon Gaming.  (NBC) (March 2007)
  • South Coast (now South Point) sold to Michael Gaughan by Boyd.  (LVRJ) (July 2006)
  • Gold Spike, Las Vegas Club, The Plaza, and the Western are sold to Tamares by Barrick Gaming.  (LV Sun) (June 2005)
  • Gold Spike, Las Vegas Club, The Plaza, and the Western are sold by Jackie Gaughan to Barrick Gaming for $82 million, along with 35 acres of land and two downtown motels.  Gaughan retains control of the El Cortez. (March 2004)
  • Boyd Gaming and Coast Casinos merged in a deal reportedly worth $1.3 billion. Coast had Barbary Coast, Gold Coast, Orleans, and Suncoast.  Boyd had Stardust, Fremont, California, Main St. Station, Sam's Town, Joker's Wild, the Eldorado in Henderson, half of the Borgata in Atlantic City, and casinos in the Midwest and South. (Feb. 2004)
  • TLC acquires Four Queens.  (LV Sun) (May 2003)

My related lists

Other sites

  • The list at Nick Christenson's LV Revealed is pretty outdated (and that's despite the recent "Last update" date; in reality, lots of stuff changed before that date but those changes aren't listed on the site).  I'm hoping he might overhaul the page someday, same as I did with mine.  Also, his page was the inspiration for my own list, so I have to give him some credit here.
  • Who Owns Vegas doesn't seem to have been updated since 2011.