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The Forum Shops at Caesars, also known as The Forum Shops, is an upscale
shopping mall A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refe ...
on the
Las Vegas Strip The Las Vegas Strip is a stretch of Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas city ...
in Paradise, Nevada. It is connected to the Caesars Palace resort, and both feature a Roman theme. The mall project was announced in 1987. It was developed and initially owned by The Gordon Company and Melvin Simon & Associates. The land had previously been used for the unsuccessful
Caesars Palace Grand Prix The Caesars Palace Grand Prix was a car race held in Las Vegas between 1981 and 1984. For the first two years, the race was part of the Formula One World Championship, before becoming a round of the CART series in 1983. Nissan/Datsun was a pre ...
. Construction of the Forum Shops began in 1990, and the project opened on May 1, 1992, with of leasable space. An expansion opened in 1997. Simon subsequently took over full ownership, and another expansion was opened in 2004. The mall has and approximately 160 tenants, including various restaurants. It has also offered several shows featuring animatronic statues. Until 2016, the Forum Shops was the highest grossing mall in the U.S., measured in terms of sales per square foot.


History

In April 1987, Caesars Palace announced plans to add a shopping center north of the resort, to be known as the Forum at Caesars. It would be developed by Los Angeles businessman Sheldon Gordon through The Gordon Company. Gordon and
Caesars World Caesars World Inc. was a hotel and casino operator. It began as Lum's Inc., owner of the Lum's chain of restaurants. It shifted into the gaming business with the purchase of Caesars Palace on the Las Vegas Strip in 1969, selling off the restaura ...
had spent more than two years planning the project prior to its announcement. The 8.4-acre property had previously been used for the unsuccessful
Caesars Palace Grand Prix The Caesars Palace Grand Prix was a car race held in Las Vegas between 1981 and 1984. For the first two years, the race was part of the Formula One World Championship, before becoming a round of the CART series in 1983. Nissan/Datsun was a pre ...
.
Henry Gluck Henry Gluck (born 1929) is an American business executive and philanthropist from Los Angeles, California. He was the president of Monogram Industries from 1969 to 1972. He served as the chairman and chief executive officer of Caesars World from 19 ...
, chairman of Caesars World, reviewed numerous options for redeveloping the site. The idea to replace the racetrack with a shopping mall was devised by Gordon, a longtime friend of Gluck.
Marnell Corrao Associates Marnell Corrao Associates is a privately held company specializing in architecture and general contracting services that is based in Enterprise, Nevada. The company was founded in 1974 and is the country’s oldest and largest hotel casino design/ ...
designed the mall project and worked as general contractor, while Terry Dougall served as interior designer. Melvin Simon & Associates (later
Simon Property Group Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in India ...
) joined as co-developer, with construction starting in November 1990. Caesars leased the mall land to its developers, which would manage operations, and Caesars would also receive a portion of the tenant rents. Stores at the Forum Shops began gradually opening on May 1, 1992. In addition to retail and restaurants, the mall also included a show featuring animatronic statues. Gordon said, "Every city has a
Rodeo Drive Rodeo Drive is a street in Beverly Hills, California, with its southern segment in the City of Los Angeles. Its southern terminus is at Beverwil Drive, and its northern terminus is at its intersection with Sunset Boulevard in Beverly Hills. The ...
or Madison Avenue, but not Las Vegas. I think this is the best thing that I've ever done". Local developer
Irwin Molasky Irwin Molasky (February 22, 1927 – July 4, 2020) was an American real estate developer and philanthropist from Las Vegas, Nevada. He was the Chairman of The Molasky Group of Companies. Early life Irwin Molasky was born to a Jewish family on Fe ...
praised the project, stating that it "takes us light years into the future" while calling it "an adult
Disneyland Disneyland is a theme park in Anaheim, California. Opened in 1955, it was the first theme park opened by The Walt Disney Company and the only one designed and constructed under the direct supervision of Walt Disney. Disney initially envision ...
". The Forum Shops helped transform Las Vegas into a destination city for shoppers. Before its opening, the idea of a themed retail mall on the
Las Vegas Strip The Las Vegas Strip is a stretch of Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas city ...
had been met with some skepticism. Another retail center,
Fashion Show Mall Fashion Show is a shopping mall located on the Las Vegas Strip in Paradise, Nevada. It was developed by Summa Corporation and Ernest W. Hahn, the latter also serving as general contractor. Construction began on March 15, 1979, and the project was ...
, had opened on the Strip in 1981. However, it lacked the theme and entertainment features offered at the Forum Shops. A $65 million expansion was announced in November 1993. It eventually opened on August 29, 1997. Marnell and Dougall returned to design the addition. A third expansion was announced in 1998. However, the project was delayed by
Starwood Hotels Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. It was acquired by Marriott International in 2016. ...
's sale of Caesars Palace to
Park Place Entertainment 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 ...
, a deal that was finalized at the end of 1999. Construction was expected to begin by early 2001, but this was further delayed by leadership changes within Park Place. Meanwhile, Gordon felt that he was being left out of decisions made by Simon Property Group regarding the mall. Construction on the three-story expansion eventually began in January 2003. A few months later, Simon agreed to buy out Gordon's ownership stake in the mall for $174 million. Simon also operates the mall. The $139 million expansion opened on October 22, 2004. It was designed by KGA Architecture, while Dougall again returned as interior designer.
Perini Building Company The Perini Building Company is a division of Tutor Perini Corporation. Projects * CityCenter * Trump Las Vegas * Boston Worcester Turnpike *Thomas and Mack Center * Hard Rock Hotel and Casino *Harrah's Las Vegas *Pala Casino Resort and Spa * T ...
was the general contractor. The expansion helped the Forum Shops stay competitive against newer malls on the Strip, including the
Grand Canal Shoppes The Grand Canal Shoppes is an upscale shopping mall inside The Venetian Hotel & Casino and The Palazzo on the Las Vegas Strip in Paradise, Nevada. The mall was opened along with the Venetian in 1999. The mall has indoor canals, where gondolas ...
and
Desert Passage Miracle Mile Shops (formerly Desert Passage) is a 475,000 square foot (44,129 m²), long, enclosed shopping mall on the Las Vegas Strip in Las Vegas, Nevada. It is home to more than 170 stores, 15 restaurants and live entertainment venues. Synony ...
. In 2009, Simon was sued by the
Equal Employment Opportunity Commission The U.S. Equal Employment Opportunity Commission (EEOC) is a federal agency that was established via the Civil Rights Act of 1964 to administer and enforce civil rights laws against workplace discrimination. The EEOC investigates discrimination ...
(EEOC), which alleged that four Hispanic janitors at the Forum Shops were subjected to discriminatory treatment a few years earlier. With its lawsuit, the EEOC aimed to prevent such treatment in the future and also sought monetary damages for the janitors, who had since stopped working at the mall. In 2011, Simon agreed to settle the case for $125,000.


Features

Like Caesars Palace, a Roman theme is used throughout the Forum Shops. The mall features an abundance of marble, and several fountains are located inside and out. The interior includes sky-painted ceilings which change from day to night. The Forum Shops opened with of leasable space, and included approximately 60 tenants consisting of stores and restaurants. The 1997 expansion added , and included 35 stores and restaurants. The 2004 expansion added . The project added 57 tenants, including stores and restaurants. The mall has of leasable tenant space. It has approximately 160 tenants, including 145 retailers and 15 restaurants. The mall receives an average of 50,000 visitors per day. Approximately 20 percent of the mall's clientele are local residents, with tourists making up the remainder. By 1997, the Forum Shops had become the highest grossing mall in the U.S., measured in terms of sales per square foot. It would retain this title until 2016. The shops connect to the casino floor at Caesars Palace. Upon opening, moving sidewalks allowed pedestrians to enter the mall from the Las Vegas Strip, although the only way to exit was through the casino. The 2004 expansion was built out to the Strip with the new three-story structure, eliminating the moving walkways. For the mall's 25th anniversary in 2017, a new LED sign was placed at its Strip-side entrance. It measures 85 feet high and 41 feet wide. The three-story expansion includes a skylight, and features several spiral escalators, created by Mitsubishi Electric. The company spent two years developing the escalators, and took another nine months to install them. At the time, the Forum Shops was one of only two projects in the U.S. to use spiral escalators, joining the
Westfield San Francisco Centre The Westfield San Francisco Centre is an upscale shopping mall located in San Francisco, California, managed by the Westfield Group and co-owned by Westfield and Brookfield Asset Management. It is anchored by Nordstrom and Bloomingdale's, and inc ...
shopping mall.


Stores

Upon the mall's opening, notable stores included
Gianni Versace Giovanni Maria "Gianni" Versace (; 2 December 1946 – 15 July 1997) was an Italian fashion designer, socialite and businessman. He was the founder of Versace, an international luxury-fashion house that produces accessories, fragrances, make-u ...
,
Gucci Gucci (, ; ) is an Italian high-end luxury fashion house based in Florence, Italy. Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty, Inc. for fragran ...
,
Louis Vuitton Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end luxury fashion house and company founded in 1854 by Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather ...
,
Victoria's Secret Victoria's Secret is an American lingerie, clothing, and beauty retailer known for high visibility marketing and branding, starting with a popular catalog and followed by an annual fashion show with supermodels dubbed Angels. As the largest ...
, and
Warner Bros. Studio Store The Warner Bros. Studio Store was a chain of retail stores selling Looney Tunes, DC Comics, and other merchandise based on Warner Bros. films, similar in style to The Disney Store. They first opened in 1991. In 1996, Warner Bros. owner Time Warne ...
. New retailers added in the 1997 expansion included Bernini,
Emporio Armani Giorgio Armani S.p.A. (), commonly known as Armani, is an Italian luxury fashion house founded in Milan by Giorgio Armani which designs, manufactures, distributes and retails haute couture, ready-to-wear, leather goods, shoes, accessories, and h ...
,
Fendi Fendi () is an Italian high-end luxury fashion house producing fur, ready-to-wear, leather goods, shoes, fragrances, eyewear, timepieces and accessories. Founded in Rome in 1925, Fendi is known for its fur, fur accessories, and leather goods. ...
,
Hugo Boss Hugo Boss AG, often styled as BOSS, is a luxury fashion house headquartered in Metzingen, Baden-Württemberg, Germany. The company sells clothing, accessories, footwear, and fragrances. Hugo Boss is one of the largest German clothing companies, ...
,
Lalique Lalique is a French glassmaker, founded by renowned glassmaker and jeweller René Lalique in 1888. Lalique is best known for producing glass art, including perfume bottles, vases, and hood ornaments during the early twentieth century. Following t ...
,
Max Mara Max Mara (Italian aks 'ma:ra is an Italian fashion business. It markets up-market ready-to-wear clothing. It was established in 1951 in Reggio Emilia by Achille Maramotti (7 January 1927 – 12 January 2005). In March 2008, the company had 2, ...
,
Niketown Nike, Inc. ( or ) is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered ne ...
, and
Virgin Megastores Virgin Megastores is an international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street. In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenha ...
. The 1997 project also added a three-story
FAO Schwarz FAO Schwarz is an American toy brand and store. The company is known for its high-end toys, life-sized stuffed animals, interactive experiences, brand integrations, and games. FAO Schwarz claims to be the oldest toy store in the United States ...
toy store, measuring . It was the largest store at the mall, and featured numerous animatronics, including a
Trojan Horse The Trojan Horse was a wooden horse said to have been used by the Greeks during the Trojan War to enter the city of Troy and win the war. The Trojan Horse is not mentioned in Homer's ''Iliad'', with the poem ending before the war is concluded, ...
rising more than 40 feet. The store was a key attraction for the Forum Shops. FAO Schwarz's location there was one of two to survive the company's bankruptcy in 2003. Two years later, the store added an ice cream parlor, bakery and candy shop. FAO Schwarz closed in 2010, and was replaced later that year by the world's largest H&M store. The 2004 expansion added many designer tenants, including
Carolina Herrera Carolina Herrera (born María Carolina Josefina Pacanins y Niño; 8 January 1939) is a Venezuelan-American fashion designer known for her personal style, and for dressing various First Ladies, including Jacqueline Onassis, Laura Bush, Michell ...
, Celine,
Chrome Hearts Chrome Hearts is a luxury brand from Hollywood, founded in 1988 by Richard Stark, Leonard Kamhout and John Bowman. It is currently co-owned by Richard Stark and his wife Laurie Lynn Stark. Its logo contains a cross with the brand name around it ...
,
Custo Barcelona Custo Dalmau (; born 1959 as Ángel Custodio Dalmau Salmons in Tremp, Spain) is a fashion designer. Career in fashion He spent his childhood and adolescence in Barcelona, where he studied architecture Architecture is the art and techniqu ...
,
Giuseppe Zanotti Giuseppe Zanotti is an Italian luxury footwear and fashion designer known for his sculptural, jeweled heels, luxury sneakers, handbags, jewelry, and leather ready-to-wear. His wholly owned company, Vicini S.p.A., manufactures his eponymous label, ...
,
Kiehl's Kiehl's LLC is an American cosmetics brand retailer that specializes in skin, hair, and body care products. It started as a single pharmacy in Manhattan at Third Avenue and East 13th Street in 1851. Kiehl's was purchased by the L'Oréal Group in ...
,
Peter Max Peter Max (born Peter Max Finkelstein, October 19, 1937) is a German-American artist known for using bright colors in his work. Works by Max are associated with the visual arts and culture of the 1960s, particularly psychedelic art and pop art. ...
, and
Thomas Pink Thomas Pink Limited is a British shirt-maker. It was established in London in 1984 by three Irish brothers – James, Peter and John Mullen. From 1999 it was part of the Louis Vuitton Moët Hennessy group. In 2018 it lost £23.5 million. The c ...
. It also marked the first U.S. location for
Juicy Couture Juicy Couture is an American casualwear and dress clothing brand based in Arleta, Los Angeles, California. Best known for their iconic velour tracksuits which became a luxury staple in the 2000s, the company was founded by Pamela Skaist-Levy and ...
. Some existing tenants, such as Louis Vuitton and Christian Dior, were enlarged as part of the expansion.
Tourneau Tourneau, LLC, is a luxury watch retailer established in 1900 and based in the United States. In 2018 Tourneau was purchased by the European retailer, Bucherer AG. The company carries over 8,000 styles of men’s and women’s watches from nearly ...
's store grew from to , making it the largest watch store in the U.S. In 2005, the Forum Shops added an exotic car dealership featuring new and used vehicles in a showroom, including of retail space. A ''
Playboy ''Playboy'' is an American men's Lifestyle magazine, lifestyle and entertainment magazine, formerly in print and currently online. It was founded in Chicago in 1953, by Hugh Hefner and his associates, and funded in part by a $1,000 loan from H ...
''-branded clothing store also opened in 2005. Other retailers added since then have included Christian Lacroix, Intermix, De Beers, and Tiffany & Co.


Shows

Upon opening, the Forum Shops debuted with the Festival Fountain, which cost $4 million. It was the site of a free hourly show featuring lasers and animatronic statues depicting
Apollo Apollo, grc, Ἀπόλλωνος, Apóllōnos, label=genitive , ; , grc-dor, Ἀπέλλων, Apéllōn, ; grc, Ἀπείλων, Apeílōn, label= Arcadocypriot Greek, ; grc-aeo, Ἄπλουν, Áploun, la, Apollō, la, Apollinis, label ...
,
Bacchus In ancient Greek religion and Greek mythology, myth, Dionysus (; grc, wikt:Διόνυσος, Διόνυσος ) is the god of the grape-harvest, winemaking, orchards and fruit, vegetation, fertility, insanity, ritual madness, religious ecstas ...
,
Plutus In ancient Greek religion and mythology, Plutus (; grc-gre, Πλοῦτος, Ploûtos, wealth) is the god and the personification of wealth, and the son of the goddess of agriculture Demeter and the mortal Iasion. Family Plutus is most common ...
, and
Venus Venus is the second planet from the Sun. It is sometimes called Earth's "sister" or "twin" planet as it is almost as large and has a similar composition. As an interior planet to Earth, Venus (like Mercury) appears in Earth's sky never f ...
. The show was redesigned in 1997, receiving reskinned animatronics, different lighting effects, and a new sound system. The show ended in 2011 and the statues were removed. By that point, the animatronics had been prone to glitches, and their dialogue was difficult for some to understand. The fountain remains in place. Another free fountain show opened with the 1997 expansion, featuring its own animatronic statues. The show depicts
King Atlas In Greek mythology, Atlas (; grc-gre, Ἄτλας, ''Átlas'') is a Titan condemned to hold up the heavens or sky for eternity after the Titanomachy. Atlas also plays a role in the myths of two of the greatest Greek heroes: Heracles (Hercule ...
and his children; the latter feud over who will have control of Atlantis, which is ultimately sunk. The show incorporates fire and water effects. A 50,000-gallon aquarium, containing 500 tropical fish, was built as part of the new show. ''The Atlantis Show'' reopened in 2013, following a four-month makeover. It was the show's first overhaul, and included new skin and costumes for the animatronics, which were a key attraction for the mall. Beneath the fountain and aquarium is a workshop of technicians who maintain the show. A paid motion-simulator ride, ''Race for Atlantis'', also opened at the end of 1997. It was conceived by Gordon and created by
IMAX Corporation IMAX Corporation is a Canadian theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founde ...
. The show depicted Neptune as he battled for control of Atlantis. It closed in 2004, and was replaced by the mall's car dealership.


Restaurants

The Forum Shops opened with 11 dining establishments. Among them was
Spago Spago is chef Wolfgang Puck's flagship restaurant worldwide, known for serving California cuisine. Spago is Puck's first restaurant venture. Name and history The word "spago" is Italian for "string" or "twine". The plural would be "spaghi," whi ...
by chef
Wolfgang Puck Wolfgang Johannes Puck (born July 8, 1949) is an Austrian-American chef and restaurateur. Early life and career Puck was born in Sankt Veit an der Glan, Austria. He learned cooking from his mother, who was a pastry chef. He took the surname ...
. It operated from 1992 to 2018. An Italian seafood restaurant, Lombardi's, also opened with the mall. Shortly thereafter, Lombardi's was sold and became part of the Bertolini's chain of Italian restaurants. It was again renamed as Trevi in 2007, following a renovation. It is located beside the Fountain of the Gods. The Palm, another Italian restaurant serving steak and seafood, opened in 1993 and continues to operate. A
Planet Hollywood Planet Hollywood International Inc. (stylized as planet Hollywood, planet Hollywood observatory and ph) is a themed restaurant chain inspired by the popular portrayal of Hollywood. The company is owned by Earl Enterprises corporation. Earl Ent ...
restaurant has also operated at the mall since 1994.
The Cheesecake Factory The Cheesecake Factory Incorporated is an American restaurant company and distributor of cheesecakes based in the United States. The company operates 219 full-service restaurants: 206 under The Cheesecake Factory brand and 13 under the Grand Lux C ...
was among new restaurants added in the 1997 expansion, along with Caviarteria, focusing primarily on caviar dishes and champagnes. Puck also opened another restaurant, Chinois, which operated until 2009. The 2004 expansion added five restaurants, including Sushi Roku, and a Segafredo Zanetti Expresso Cafe.
Stage Deli The Stage Deli, located on Seventh Avenue just two blocks from Carnegie Hall, was a well-known New York City delicatessen, patronized by numerous celebrities. It was first opened in 1937 by Russian immigrant Max Asnas. The deli was known for Broad ...
, an original tenant which began in New York, closed at the Forum Shops in 2008. An Italian restaurant, Carmine's, opened in 2013. At , it is among the largest restaurants on the Strip. Several new restaurants were added in 2019, including
Water Grill Water Grill is a fine-dining seafood restaurant in the United States. The original location is in Downtown Los Angeles. Additional locations are in Santa Monica, San Diego, Costa Mesa, Denver, Bellevue and Las Vegas. It is owned by King's Seafood ...
, which took the former Spago space. In 2022,
Bill Bill(s) may refer to: Common meanings * Banknote, paper cash (especially in the United States) * Bill (law), a proposed law put before a legislature * Invoice, commercial document issued by a seller to a buyer * Bill, a bird or animal's beak Plac ...
and
Giuliana Rancic Giuliana Rancic (; ; born August 17, 1974) is an Italian-American entertainment reporter and television personality. She is a co-anchor of ''E! News'' and resides in Chicago and Los Angeles. Early life Rancic was born in Naples, Italy and immigra ...
opened the RPM Italian restaurant.


Nightclub

A nightclub, OPM, opened in 2003. The space was sub-leased by Chinois, and it served food from the restaurant. OPM was renamed Poetry in 2007, before closing in 2009. Two years prior to the closure, Simon Property Group had filed a suit against Chinois' ownership company, alleging that it misrepresented the type of club that OPM would be. Poetry owner Mike Goodwin later filed a suit against the mall, noting that its main entrance gate was shut on Friday and Saturday nights, giving many patrons the mistaken impression that the nearby club was closed on such nights. Instead, club-goers had to enter by passing through a back-of-house corridor. Regarding the gate closures, Goodwin accused the mall of racial discrimination, noting that the club's clientele was primarily African-American. According to Goodwin, "There is a belief in Corporate America that too many black people on your property harms business. It seems to be the way they are acting". The mall rejected the accusation while noting incidents involving disruptive club-goers. Caesars Palace stated that the gate closures were "in response to serious breaches of the peace that put Caesars' patrons, employees and others on Caesars' premises at risk of physical harm". A judge eventually dismissed Goodwin's lawsuit.


Gallery

File:Forum Shops at Caesars Palace.jpg, Close-up of the Strip entrance File:Caesars Palace Forums Vegas (3824698845).jpg, Three-story area of the mall File:Caesars Palace shopping center Interior 2013.jpg, View from the third floor File:Caesars Palace Forums Vegas (3824698439).jpg, Water feature in the three-story area File:Ceasar S Palace Architecture (203239327).jpeg, Same area at night File:Caesars Palace Shops (7980290463).jpg, A statue inside the mall File:The Forum Shops - 2020-03-04.jpg, Darkened sky ceiling File:Water Grill - Las Vegas - Dec 2019 - Stierch 02.jpg, Water Grill restaurant File:Las Vegas Strip Nevada, United States - panoramio (2).jpg, Trevi restaurant File:Fountain of the Gods at Caesars Palace.jpg, Fountain of the Gods File:Las Vegas. Forum Shops. 10.jpg, Replica of the
Trevi Fountain The Trevi Fountain ( it, Fontana di Trevi) is an 18th-century fountain in the Trevi district in Rome, Italy, designed by Italian architect Nicola Salvi and completed by Giuseppe Pannini and several others. Standing high and wide, it is the lar ...
File:The Forum Shops at Caesars exterior.jpg, Trevi Fountain at night File:Replica Trevi Fountain 2.jpg, A closer look at the Trevi Fountain


See also

*
List of shopping streets and districts by city A shopping street or shopping district is a designated road or quarter of a city/town that is composed of individual Retail, retail establishments (such as Retail store, stores, Boutique, boutiques, Restaurant, restaurants, and Shopping center, ...


References


External links

* * {{DEFAULTSORT:Forum Shops at Caesars 1992 establishments in Nevada Buildings and structures in Paradise, Nevada Shopping malls in the Las Vegas Valley Shopping malls established in 1992 Simon Property Group Caesars Palace