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Is Bellagio owned by Caesars Palace?

Planet Hollywood, Caesar's Palace, Bellagio, and The Venetian are all owned by different companies. Planet Hollywood is owned by Caesars Entertainment Corporation. Caesar's Palace is also owned by Caesars Entertainment Corporation. Bellagio is owned by MGM Resorts International.



No, the Bellagio is not owned by Caesars Entertainment (the parent company of Caesars Palace). As of 2026, the Bellagio is part of the MGM Resorts International portfolio. While the actual real estate underlying the Bellagio was sold to Blackstone (a private equity firm) in a "sale-leaseback" deal in 2019, MGM Resorts continues to serve as the operator and brand owner under a long-term lease agreement. Caesars Entertainment and MGM Resorts are the two largest "rival" conglomerates on the Las Vegas Strip. Caesars owns properties like Paris Las Vegas, Planet Hollywood, and Flamingo, while MGM owns the Bellagio, MGM Grand, ARIA, and Mandalay Bay. This means if you are a member of the Caesars Republic loyalty program, you cannot earn or use points at the Bellagio; instead, you would need to use MGM Collection with Marriott Bonvoy. The Bellagio remains MGM’s "crown jewel," famous for its Mediterranean theme and the iconic dancing fountains that distinguish it from the Roman-themed Caesars Palace located just down the street.

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Caesars Palace is now owned by Vici Properties and operated by Caesars Entertainment.

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Meet the True Las Vegas Strip Leader Vici recently completed the $17.2 billion acquisition of MGM Growth Properties making it by far the largest landlord on the Strip. The deal, which followed Vici's recent acquisition of the Venetian, makes the company the owner of the majority of the casinos on the Las Vegas Strip.

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Bellagio (/b?'l??i.o?/ b?-LAH-zhi-oh) is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned by Blackstone Inc. and operated by MGM Resorts International.

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Blackstone, one of the world's largest real estate investors, purchased the Bellagio in 2019 from MGM Resorts in a sale-leaseback transaction that valued the property at $4.25 billion.

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And the Bellagio's value shows the strength of Las Vegas' recovery. Blackstone — through its REIT Blackstone Real Estate Income Trust (BREIT) — spent $4.25 billion to buy the Bellagio from MGM Resorts in 2019, and its latest deal with Realty Income values the 4,000-room hotel at $5.1 billion.

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Mandalay Bay is a 43-story luxury resort and casino at the south end of the Las Vegas Strip in Paradise, Nevada. It is owned by Vici Properties and operated by MGM Resorts International.

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The Cosmopolitan of Las Vegas (commonly referred to simply as The Cosmopolitan or The Cosmo) is a resort casino and hotel on the Las Vegas Strip in Paradise, Nevada. It is owned by The Blackstone Group, Stonepeak Partners, and Cherng Family Trust and operated by MGM Resorts International.

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Why is Luxor closing? While no official announcement has been made, a decision to bring down Luxor during a period of weak demand due to the COVID-19 crisis could make sense for the resort's owner, MGM Resorts. The company has long felt its hands are tied by the distinctive, but limiting, Egyptian theme.

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