Caesars Palace and other famous casinos will now be owned by Eldorado Resorts, in a deal the two companies announced on Monday. Here, Caesars Palace is seen hosting a food tasting event in Las. Caesars Entertainment, the Las Vegas casino-owner, has struck a £2.9bn deal to take over William Hill. The boards of the US firm and William Hill agreed a cash offer of 272p a share, compared with 273p at the start of Wednesday trading, subject to shareholders voting in favour.
Born | July 2, 1922 St. Joseph, Missouri, U.S. |
---|---|
Died | July 21, 1984 (aged 62) |
Nationality | American |
Alma mater | University of Missouri |
Occupation | Entrepreneur |
Years active | 1958–1984[1] |
![Caesar Palace Owner Caesar Palace Owner](https://turnthere.files.wordpress.com/2013/04/lasvegas2013-69.jpeg?w=625&h=416)
Jay Sarno (July 2, 1922 – July 21, 1984) was an American developer, hotelier and casino owner. He developed and owned the Atlanta Cabana Motel in Atlanta, Georgia, as well as several motels in California and Texas. Spanish for 21. He was the founder of the Caesars Palace hotel and the Circus Circus in Las Vegas, Nevada.
Early life[edit]
- Caesars Entertainment, the Las Vegas casino-owner and live betting giant, has today begun a £2.9bn takeover of British bookmaker William Hill. William Hill has also received a takeover approach from US private equity firm Apollo – although further details regarding this bid have not been revealed.
- William Hill has agreed a £2.9 billion, 272p-a-share takeover by Caesars Entertainment, the American casino giant that owns Caesars Palace in Las Vegas.Roger Devlin, the chairman of William Hill.
- The Palace Tower renovation is the latest in a series of new and/or renovated rooms at Caesars Palace within the past six years, resulting in 90% of the resort's room product being new or remodeled.
Sarno was born in 1922 in St. Joseph, Missouri.[2][3] His parents were Polish immigrants.[4][circular reference] His father was a cabinet maker, his mother a homemaker.[1]
Sarno graduated from the University of Missouri, with a degree in business.[2][1] While in college, he met Stanley Mallin, who would become his lifelong friend and business partner.[2] During World War II, he joined the United States Army and served in the Pacific theatre alongside Mallin.[1]
Caesars Palace in Las Vegas, developed by Jay Sarno.
Career[edit]
With Stanley Mallin, Sarno became a tile contractor in Miami, Florida.[2][1] They subsequently built subsidized housing in Atlanta, Georgia.[1] In 1958, after they had met Jimmy Hoffa and Allen Dorfman, they built the Atlanta Cabana Motel in Atlanta with a loan from the Central States Pension Fund.[1] They went on to build Cabanas in Palo Alto, California and another motel in Dallas, Texas.[1]
The Circus Circus in Las Vegas, Nevada, developed by Jay Sarno.
Heads up holdem. Sarno developed the Caesars Palace Hotel in Las Vegas, Nevada.[1][5] It was inaugurated on August 5, 1966.[2]
Sarno later developed the Circus Circus.[1][5] The attraction featured a circus tent with daily acts, and Sarno would dress up as a ringmaster and attend to families and children personally.[1] Sarno subsequently leased it to Bill Pennington and Bill Bennett, a Del Webb executive, and they purchased it in 1983.[2]
Sarno planned to develop the 'Grandissimo', a new hotel and casino with 6,000 rooms.[2] However, the project was shelved when Sarno died.[2]
Personal life[edit]
Sarno married Joyce Sarno Keys; they later divorced.[3] They had four children: Jay Sarno Jr, September Sarno, Heidi Sarno Strauss, and Freddie Sarno.[3][5]
Death and legacy[edit]
Sarno died of a heart attack on July 21, 1984, at the age of 62, at Caesars Palace.[2]
Sarno was elected to the Gaming Hall of Fame in 1989.[6] He received the inaugural Sarno Award for Casino Design from the Global Gaming Expo in 2003.[2]
Filmography[edit]
- Diamonds Are Forever (1971) - Sideshow Barker (uncredited)
Further reading[edit]
- Schwartz, David G. (2013). Grandissimo: The First Emperor of Las Vegas: How Jay Sarno Won a Casino Empire, Lost It, And Inspired Modern Las Vegas. Las Vegas, Nevada: Winchester Books. ISBN9780990001607. OCLC860913633.
Who Bought Caesars Palace
References[edit]
Caesars Palace Ownership
- ^ abcdefghijkEvans, K. J. (September 12, 1999). 'Jay Sarno'. Las Vegas Review-Journal. Retrieved September 23, 2016.
- ^ abcdefghij'2003 Honoree: Jay Sarno'. Center for Gaming Research. University of Nevada, Las Vegas. Retrieved September 23, 2016.
- ^ abc'Guide to the Jay Sarno Photograph Collection PH-00347'(PDF). University of Nevada, Las Vegas. Retrieved September 23, 2016.
- ^List of Italian-American business people#Entrepreneurs
- ^ abcNordli, Brian (March 3, 2014). 'Jay Sarno remembered for doing 'something nobody had ever done before''. Las Vegas Sun. Retrieved September 23, 2016.
- ^'The Gaming Hall of Fame'. University of Nevada Las Vegas. Retrieved 2009-08-30.
Caesars Palace Owner
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