From the pyramids of Giza ( Luxor Hotel), to the Statue of Liberty ( New York New York), to the Eiffel Tower in Paris ( Paris Las Vegas), to the Colosseum of ancient Rome ( Caesars Palace), to the canals of Venice ( The Venetian), and everything else in between.Ībout 42 million annual visitors make this small stretch of road among the most visited in the world. As properties change hands, I’ll be sure to revisit this rundown to ensure it stays up to date.Considered the most expensive 4 mile stretch in the world, the Las Vegas Strip which is the section of Las Vegas Blvd from Mandalay Bay to The STRAT Hotel Casino and SkyPod has some of the world's top hotels and attractions that are uniquely Las Vegas.Įquip yourself with a Vegas map because sightseeing along the Strip is like traveling the world on foot.

The operator runs the day-to-day of the resort, dictates the loyalty program, and will be who you interact with as a guest.īelow, I’ll clearly define who the current owner of each Strip resort’s physical assets and operations are. Since then, they’ve gone on to buy a good chunk of the real estate along the Strip, collecting rent from the operators.įrom the customer’s perspective, the only entity that matters is the owner of the operations.

Not only do properties change hands frequently, but there are more and more situations where a Real Estate Investment Trust (or REIT) owns the physical property while a separate entity leases the building and owns the operations of the resort.Īs you’ll see, the most common REIT landlord in Las Vegas is VICI Properties, which was formed in 2017 as a spinoff of Caesars Entertainment. Nailing down who owns each casino in Las Vegas becomes a more challenging and confusing exercise by the day.

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