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The real estate on the Las Vegas Strip is some of the most valuable property in the world. With a massive volume of visitors each year even capturing a faction of the foot traffic of the strip is a huge business. So who owns these casinos and resorts, what does it cost to join their exclusive club?

MGM Resorts

The behemoth of the strip is surely MGM Resorts who operate an astounding nine locations on the Las Vegas Strip.

Following the merger between MGM and Mandalay in 2005, the company controlled an estimated 40% of slots, and almost half of all rooms on the strip. Since then they have maintained dominant control over some of the most iconic names in Las Vegas. With only one other organization remotely close to their holdings

Caesar’s Entertainment

Caesar is the other big kid on the block who can even stand near the dominance of MGM. With a collection of eight resorts on the strip.

Merging with Harrah’s in 2005 as well, the collection of casinos once made Caesar’s Entertainment the largest gambling company in the world. Since then things have changed with Flutter Entertainment currently holding that title. Caesar’s Entertainment still manages a massive portfolio of resorts, along with one of the best online casinos and sportsbooks.

Other Owners

Wynn Resorts

Wynn Resorts might be the most recognizable name of this group. Founded by Steve Wynn, they operate the Wynn and Encore on the strip. Until recently the organization also operated The Mirage, but it has since changed hands leaving the company with two remaining resorts. Though small in number, these two casinos represent some of the most upscale accommodations on the strip and are only a few pieces in the wide Wynn Resorts network.

Phil Ruffin

For our first independent owner, Phil Ruffin currently owns three locations on the strip, Circus Circus, Slots-a-Fun, and Treasure Island. Ruffins has been in the casino industry since the mid-90s after purchasing the Nassau Resort in the Bahamas. Since that first purchase, Ruffins has grown his holding and remains one of the few independent casinos remaining on the strip.

Tom Elardi

One of the smaller locations on the strip compared to the mega-resorts that dominate, is the Casino Royale, also known as the Best Western Plus Casino Royal. This casino is owned by Tom Elardi, opening back in 1992 following its conversion from Nob Hill Casino.

Hard Rock International

As one of the newest owners on the strip, Hard Rock International has plans to alter the skyline of the Vegas Strip forever. Following their purchase of The Mirage, the plans to convert the casino into a new Hard Rock venue are set to begin soon. The multi-million dollar renovation is set to begin this year 2024, and will come with some massive changes to the property. This includes a massive guitar-themed hotel tower that will dominate the skyline.

Vici Properties

Vici Properties has a hand in many of the casinos in Las Vegas, financing or partially owning bits and pieces. The group does outright own two properties on the strip, the Palazzo and Venetian. Even though Vici is the property owner of these resorts, another investment group, Apollo leases the operator rights for 250 million dollars a year. These forms of ownership and operator rights being different companies are quite common in the industry.

Fontainebleau Development, Koch Real Estate Investments

Owners of the luxury Fontainebleau resort, the Koch Real Estate Investment Group and Fontainebleau Development have joint interest in the property. Following a VERY turbulent history of bankruptcy, failed investments, and over 16 years between breaking ground to opening day. Opening in 2021 the project started right before the financial disaster of 2008, this led to delays, and ultimately bankrupted the original developers. In the wake of this extended construction process, the Fontainebleau, and sister resort in Maimi stand at the peak of luxury on the strip.

Meruelo Group

The Sahara was purchased by the Meruelo group back in 2017. This purchase marks one of many for the Sahara’s long history. With the purchase have come major renovations and upgrades to the property, revitalizing an aging resort. Alex Meruelo revived the name Sahara in 2019 announcing the return of the historic resort

Golden Entertainment

The Strat has one of the most iconic towers in all of Las Vegas. Purchased in 2017 by Golden Entertainment from ACEP for 850 million dollars. The Strat has a long history of ownership with financial problems plaguing the resorts early on in the 90s. From there it has passed through several hands landing with Golden Entertainment. Since their purchase, Golden Entertainment has invested millions into improving the casino and on brand awareness campaigns.

Olivia Turner

Olivia is a senior casino analyst who's primary responsibility is market analysis and trends. Olivia has over 15 years of experience in the casino industry, which has provided her a keen eye for identifying emerging opportunities and challenges within the industry.

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