Who owns which Las Vegas casinos
Last Update: August, 2020.
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 think, "Huh! I'll just take my business across the street!", 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!
- Aria, as part of CityCenter*
- Mandalay Bay†
- MGM Grand†
- The Mirage
- Park MGM
- New York New York
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.
- Caesars Palace
- The Cromwell
- Linq / O'Sheas
- Planet Hollywood
- Rio (off-strip)
- 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: Margaret Elardi
Encore, Wynn: Wynn Resorts
Palazzo, Venetian: LV Sands
Sahara: Meruelo Group
Strat: Golden Entertainment
Tropicana: Penn National
- Main Street Station
Derek & Greg Stevens
Other Vegas Casinos
Arizona Charlie's: Golden Entertainment
OYO: OYO, Highgate
Silver Sevens: Affinity
Silverton: Ed Roski
South Point: Michael Gaughan
Tuscany: Heers Family Trust
Westgate: Westgate Resorts
- Main Street Station
- Eastside Cannery
- Gold Coast
- Sam's Town
- Eldorado (Henderson)
- Joker's Wild (Henderson)
- Sam's Town Gold River (Laughlin)
Red Rock Resorts is the majority
owner (2019) of Station.
- Red Rock
- Boulder Station
- Palace Station
- Santa Fe Station
- Sunset Station
- Texas Station
- Fiesta Henderson
- Fiesta Rancho
- Red Rock Casino
- Wild Wild West
- Green Valley Ranch
- The Greens
- Gold Rush
- Magic Star
- Lake Mead
- Renata's Casino
- 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, sometimes the same company owns both the business and the real estate, but sometimes it's different companies.
Vegas casinos started selling their real estate assets in 2019, in order to free up cash to weather recessions. 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.
|Real estate vs. Casino ownership|
|Casino||Casino owner (seller)||Real estate owner||Sold|
|Bellagio||MGM Resorts||MGM Growth + Blackstone||Nov. 2019|
|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|
- Caesars Entertainment and Eldorado to merge. The two casino groups are set to 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)
- 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
- 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)
- Cannery and Eastside Cannery are sold to Boyd
Gaming by Cannery Casino Resorts. (PR)
- 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)
- 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
- Gold Spike is sold to Gregg Covin by Tamares. (LVRJ)
- 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)
- 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
- 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.