Owner of Casino Royale Las Vegas
Casino Royale occupies a prime 200-foot Strip frontage between Venetian and Harrah’s. Its ownership structure has changed several times since opening, reflecting broader industry consolidation trends.
In 2026, the property operates under a long-term ground lease held by a publicly traded real-estate investment trust, while day-to-day gaming management falls to a regional operator.
Current Ownership Breakdown
The land and building are owned
by a REIT that specializes in gaming
The land and building are owned by a REIT that specializes in gaming assets. The operating company holds the gaming license and manages table games, slots, and hotel operations.
Management and Licensing
Editorial note: point out trade-offs, not only benefits.
A Nevada-limited-liability company oversees staffing, compliance,
and marketing. Regulatory filings list three executives
A Nevada-limited-liability company oversees staffing, compliance, and marketing. Regulatory filings list three executives responsible for cage operations and surveillance.
Future Expansion Plans
Lease documents filed in early 2026 indicate a 150-room tower addition is under consideration, pending city approvals. The REIT has already secured financing for preliminary design work.