Caesars Palace is owned by Vici Properties, a real estate investment trust (REIT), which owns the underlying real estate of the property. The casino and hotel operations are managed and operated by Caesars Entertainment. This arrangement means Vici Properties owns the physical property, while Caesars Entertainment runs the casino and hotel business under a lease agreement
. In summary:
- Property Owner: Vici Properties (REIT)
- Operator: Caesars Entertainment
This structure is common in Las Vegas, where casino companies sell their real estate to REITs like Vici to raise capital and then lease the properties back to operate them
