Jay Sarno and Nate Jacobsen (his partner) spent $1million on the event. The inauguration ceremony took place on August 5, 1966. Caesars Palace Las Vegas was contributory in starting a new era of opulent casinos from the late Sixties onward. He would later act as the designer of the luxury hotel he planned to build.
Sarno started plans of constructing on Kirk Kerkorian’s land. In 1962, Stanley Mallin and Sarno, who were cabana motel owners, applied for a 10.6-million-dollar loan from the International Brotherhood of Teamsters (IBT) Central States Pension Fund. Caesars Palace Las Vegas was founded in 1966 by the American developer Jay Sarno, who wanted to create a lavish facility that would give guests a sense of life during the period of the Roman Empire. It’s one of the best-known and largest landmarks. 7 min read About Caesars Palace Las VegasĬaesars Palace Las Vegas is a luxury hotel and casino located on the Strip‘s busiest intersection between The Mirage and Bellagio.