Park Place Entertainment

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Park Place Entertainment

Industry	Gaming
Predecessor	Bally Entertainment Caesars World Grand Casinos
Founded	1998; 26 years ago (1998)
Defunct	2005; 19 years ago (2005)
Fate	Acquired by Harrah's Entertainment
Headquarters	Paradise, Nevada , U.S.
Key people	Wallace R. Barr, CEO Harry Hagerty, CFO William Barron Hilton and Stephen F. Bollenbach, Co-Chairman

Park Place Entertainment, later named Caesars Entertainment, Inc., was a casino company based in Paradise, Nevada. For a time it was the largest casino operator in the world. It was formed in 1998 as a corporate spin-off of the gaming division of Hilton Hotels, and renamed as Caesars Entertainment in 2003. The company was acquired in 2005 by Harrah's Entertainment, which later took on the Caesars Entertainment name.^[1]