In December 2009, Caesars Entertainment Corporation, which was formerly Harrah’s, started its process to take over the property by purchasing some of the debt the resort had. Due to financial difficulties, the new Aladdin was sold to a partnership of Starwood Hotels and Resorts Worldwide and Planet Hollywood, and the name was changed to Planet Hollywood in 2007. In 1998, the Aladdin was demolished to make room for the new Aladdin, which opened in August 2000. After several ownership changes, this hotel was closed in 1997. In 1972, a hotel tower with 19 stories was added. In January 1966, the hotel was sold to Milton Prell and started an extensive 3-million dollar renovation of the property and reopened it on April 1966 as the Aladdin. Planet Hollywood Las Vegas – Hotel And Casino Tally Ho hotel closed at the end of 1963 and Kings Crown Inns of America purchased it and reopened the property and renamed it King’s Crown Tally Ho. It used to be the only major hotel located in Nevada, Las Vegas that didn’t include a casino. Lowe, a toymaker and game entrepreneur, originally opened Tally Ho hotel on this property in 1963. 11 min read About Planet Hollywood Las Vegasįormerly Aladdin, Planet Hollywood Las Vegas is a hotel plus casino owned by Caesars Entertainment it is located on the Strip.