At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn.

Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015,[2][3] which led to the foundation of Vici Properties as a result.

In 1978, Bill Harrah died at the Mayo Clinic Hospital in Rochester, Minnesota, at the age of 66, during a cardiac surgery operation to repair an aortic aneurysm.

Liquidation of Harrah's collection of almost 7,000 antique automobiles reportedly returned the full purchase price of the company to Holiday Inn.

[5] The late 1980s and early 1990s saw a rapid increase in gambling markets with the growth of Indian gaming and legalization of riverboat casinos.

[16] In 1995, Promus decided to spin off its non-gaming hotel businesses, in part because they had been undervalued by investors due to perception of the company as a risky gaming stock.

[45] The deal furthered Harrah's goal of gaining a larger presence on the Las Vegas Strip, where Caesars owned four casinos,[46] and improved its ability to market to high rollers.

Loveman at some point sought advice from private equity tycoon David Bonderman about the possibility of spinning off ownership of Harrah's Entertainment real estate as a separate real estate investment trust (REIT), hoping to attain the higher price-to-earnings ratios at which hotel companies traded, compared to gaming companies.

Instead it developed Project LINQ in 2009, which would add 20 restaurants and bars between the company's Imperial Palace, O'Sheas and Flamingo casinos, on the east side of the Las Vegas Strip.

The goal was to create an entertainment district similar to what had developed organically in Los Angeles, Memphis and New Orleans but did not yet exist on the Strip, with its enclosed and casino-centric zones.

[62] Caesars Entertainment, Inc. had previously envisioned using the location to build a baseball park, but the company's buyout by Harrah's cancelled the plans.

Through the following year, Harrah's got uncertain on continuing with the project, not knowing if AEG would split the costs and whether building a major league-ready stadium without a guaranteed franchise to play on it would be feasible given the enduring financial crisis.

[63] The original plans were to break ground in June 2008 and finish the arena in 2010, but by 2009, it was revealed the stalled project had not even done a traffic study despite being located near a busy intersection.

However, given the financing would require a special taxation district, opposition from the Clark County Commission regarding using public money in the project stalled it even further.

[citation needed] In June 2016, a Chinese consortium, which included Alibaba chief Jack Ma's Yunfeng Capital, agreed to purchase it in a buyout for $4.4 billion.

[94][95][96] In 2015 the US Treasury's Financial Crimes Enforcement Network (FinCEN) fined Caesars Entertainment's Las Vegas casino $8 million for failing to properly police transactions for illicit activity.

A 2012 IRS examination found Caesars had failed to report to the authorities over 100 incidents involving potential criminal activity.

Caesars entered into a voluntary settlement, agreeing to improve its anti-money laundering processes and making a payment of £875,000 to be used for “socially responsible purposes”.

[98][99] In 2020 the UK Gambling Commission fined Caesars Entertainment EMEA a record £13m for failures relating to VIP schemes.