NV -- Las Vegas -- Caesars Palace:
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- Wikipedia Description: Caesars Palace
From Wikipedia, the free encyclopedia
Caesars Palace is a luxury hotel and casino located on the Las Vegas Strip in Paradise, Nevada, an unincorporated township in Clark County, Nevada, United States in the Las Vegas metropolitan area. Caesars Palace is owned and operated by Caesars Entertainment Corporation. Caesars is located on the west side of the Strip, between the Bellagio and the Mirage. The hotel includes a convention facility of over 300,000 square feet (28,000 m2).
Caesars has 3,960 rooms in six towers: Augustus, Centurion, Roman, Palace, Octavius, and Forum. The Forum tower features guest suites with 1,000 square feet (93 m2) of space. It is the only venue in Las Vegas to host a World Series of Poker Circuit Event.
History
In 1962, Jay Sarno, a cabana motel owner, used US$35 million that had been lent to him by the Teamsters Central States Pension Fund to begin plans for a hotel on land owned by Kirk Kerkorian. Sarno would later act as designer of the hotel he planned to construct.
Building of the 14-story Caesars Palace hotel began in 1962. That first tower would have 680 rooms on the 34 acre (138,000 m2) site.
Sarno struggled to decide on a name for the hotel. He finally decided to call it Caesars Palace because he thought that the name Caesar would evoke thoughts of royalty because of Roman general Julius Caesar.
Sarno contracted many companies to build the hotel, from the Roman landscapes it presents, to the water fountains that have been stages of various events and the hotel's swimming pools.
On August 5, 1966, the hotel was inaugurated.
In 1969, a Federal Organized Crime Task Force accused the casino's financial manager, Jerome Zarowitz, of having ties with organized-crime figures in New York and New England. Although Zarowitz was never tried, the task force pressured Jay Sarno and his other investors to sell the casino. In 1969, the Lum's restaurant chain, led by Stuart and Clifford S. Perlman, bought the hotel for $60 million. The company soon shed its restaurant operations and changed its name to Caesars World. On July 15 of that year, executives lay ground on an expansion area of the hotel, and they buried a time capsule in the area, but the time capsule was stolen days later.
In 1973, the Del Webb corporation was contracted to build a 16-story building adjacent to the Palace. The project was finished in 1975.
1980s
In 1981, the Perlmans sold their shares in Caesars World after trying to get a gaming license for a casino in Atlantic City, New Jersey. The New Jersey Casino Control Commission accused the brothers of doing business with people who had organized-crime connections.
Caesars Palace lobby
1990s
The hotel's management wanted it to have a new atmosphere as the 1990s approached, a trend mirrored by many of the big Las Vegas resorts. This move was not strange to Las Vegas hotel owners, as most hotels there were planning to modernize.
In 1992, The Forum Shops at Caesars opened; it was one of the first venues in the city where shopping, particularly at high-end fashion house stores, was an attraction in itself. The fourth phase, which opened on October 22, 2004, has the second-built circular escalator in the United States. The other is at the Westfield San Francisco Centre.
2000s
Caesars has opened the Plaza, an open-air area with celebrity chef Bradley Ogden's eponymous restaurant and the Colosseum, where Céline Dion (A New Day...) and Elton John (The Red Piano) were regular performers. The Colosseum was specifically built for Dion's show, A New Day..., a spectacular produced by former Cirque du Soleil director Franco Dragone. Dion's show was also notable for having some of the highest ticket prices for any show in the city, with seats as high as $220 each; nonetheless, the show regularly sold out.
Caesars Palace opened the Augustus Tower in August 2005 (designed by Bergman Walls Associates). It stands 46 floors high and is perpendicular to the Strip.
In 2005, Harrah's Entertainment acquired the first Caesars Entertainment, Inc. and became the owner of Caesars Palace.
In 2006, the hotel held a total of four Michelin stars for their restaurants. Two stars for Restaurant Guy Savoy and one star each for Bradley Ogden and Mesa Grill.
Ownership
Over the years, the hotel has been owned by various companies, including Sheraton and The Hilton International Corporation's, Caesars Entertainment (originally known as Park Place Entertainment) bought the property in 2001 before it merged with Harrah's in 2005. That year, Caesars Palace was affected by a large flood.
Caesars Palace is the flagship property of Caesars Entertainment.
Future
The Official Caesars Palace playing cards and betting chips, featuring Julius Caesar as the King of Hearts and Cleopatra as the Queen of Spades.
With the success of the Augustus Tower, Caesars Entertainment was planning to expand by building a new hotel Octavius Tower and sports complex. The sports complex would replace the events center. The project cost $1 billion and Harrah's planned to open it in summer 2009. In January 2009, Harrah's said it would postpone the opening of the new tower, citing a lack of demand for hotel space. In September 2011, Caesars announced that it would open Octavius Tower in January 2012. ...
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