Its casino holdings grew to ten properties over the years, accounting for more than half of the company's revenues. Hilton returned to gaming in 1970, buying a controlling interest in Kirk Kerkorian's International and Flamingo hotels in Las Vegas. Hilton's international hotels were spun off as a separate company in 1964. Other Caribbean casinos followed, including the Havana Hilton and El Panama Hilton. Hilton's involvement in the gaming industry began in 1947, with its approval to operate what would be the Caribe Hilton Hotel and Casino in Puerto Rico. History Caesars Entertainment logo (2003–2005) The company was acquired in 2005 by Harrah's Entertainment, which later took on the Caesars Entertainment name. It was formed in 1998 as a corporate spin-off of the gaming division of Hilton Hotels, and renamed as Caesars Entertainment in 2003. For a time it was the largest casino operator in the world. Park Place Entertainment, later named Caesars Entertainment, Inc., was a casino company based in Paradise, Nevada.
