Caesars Palace on the Las Vegas Strip is getting a $75 million upgrade for its 50th birthday despite facing a complicated bankruptcy reorganization and millions of dollars in fines, the Associated Press reported on Saturday. Parent company Caesars Entertainment Corp. announced on Friday that it is overhauling the hotel’s original Roman Tower of rooms, last redone in 2001. The iconic Roman-themed property is the only Strip casino owned and operated by a Caesars subsidiary that is trying to shed $10 billion of its $18.4 billion in debt by restructuring. Caesars Palace was recently fined $9.5 million by federal and state regulators for failing to take steps to prevent money laundering in the casino.
