If you’re planning a trip to Las Vegas, you may be wondering about the ownership of some of the city’s popular resorts. One such property is Paris Las Vegas, which is known for its French-themed décor and iconic replica of the Eiffel Tower. In this article, we’ll explore whether Paris Las Vegas is owned by MGM Resorts International.
Paris Las Vegas: An Overview
Paris Las Vegas is a hotel and casino located on the famous Las Vegas Strip. The resort was opened in 1999 and features more than 2,900 guest rooms, as well as a large casino floor with table games and slot machines. In addition to its Eiffel Tower replica, Paris Las Vegas also boasts other French-inspired landmarks such as the Arc de Triomphe and a replica of the Paris Opera House.
MGM Resorts International: An Overview
MGM Resorts International is one of the largest hospitality companies in the world, with properties in destinations such as Las Vegas, Atlantic City, and Macau. The company was founded in 1986 and has since grown to include more than 30 hotels and casinos across the globe. Some of MGM’s most well-known properties include Bellagio, Mandalay Bay, and MGM Grand.
Is Paris Las Vegas Owned by MGM?
While MGM Resorts International has a significant presence in Las Vegas, it does not own Paris Las Vegas. Instead, the resort is owned by Caesars Entertainment Corporation, which is another major player in the hospitality industry. Caesars Entertainment was founded in 1937 and currently owns or manages more than 50 casinos worldwide.
The Relationship Between MGM and Caesars Entertainment
Although they are competitors in the hospitality industry, MGM Resorts International and Caesars Entertainment Corporation have had a somewhat intertwined history. In 2004, for example, the two companies jointly purchased the Mandalay Resort Group, which included Mandalay Bay, Luxor, and Excalibur in Las Vegas. However, in 2005, MGM bought out Caesars’ stake in the venture.
Conclusion
In summary, Paris Las Vegas is not owned by MGM Resorts International. Instead, the resort is owned by Caesars Entertainment Corporation.
While MGM and Caesars have had some business dealings in the past, they remain separate entities with their own distinct portfolios of hotels and casinos. Whether you’re planning a trip to Paris Las Vegas or any of the other amazing resorts on the Las Vegas Strip, understanding who owns these properties can help you make informed decisions about where to stay and play.
- Paris Las Vegas is not owned by MGM Resorts International
- The resort is owned by Caesars Entertainment Corporation
- MGM and Caesars have had some business dealings in the past but remain separate entities
- Understanding who owns these properties can help you make informed decisions about where to stay and play