<P> The hotel was sold in 1986 to Bally Manufacturing for $594 m, and the property's name was changed to Bally's (the MGM Grand name was transferred to the former Marina Hotel, now known as MGM Grand Las Vegas). Bally Entertainment was purchased in 1995 by Hilton Hotels Corporation . On April 17, 1997, ground was broken on a sister property, Paris Las Vegas . In September 1999, the new resort was opened and tightly integrated with Bally's property by a promenade . For many years, the two resorts operated under a single gaming license . </P> <P> Hilton's casino resorts division was subsequently spun off and became Caesars Entertainment, Inc. in 2003 . The hotel's North tower was renovated in 2004 . Harrah's Entertainment (now Caesars Entertainment Corporation) acquired the property with its purchase of Caesars in June 2005 . </P> <P> Caesars Entertainment Corporation announced in Spring 2013 that they were going to fully renovate the South tower and rename it "Jubilee" Tower by the end of 2013 . The name is inspired by their "Jubilee!" production show . </P> <Ul> <Li> Hosted The Dean Martin Celebrity Roast in the Ziegfeld Room from 1974 to 1984 . </Li> <Li> Featured in the 1985 film Rocky IV, as the site of Apollo Creed's exhibition bout against Ivan Drago . The theater, and set pieces, for Jubilee! are prominently displayed during the scene . </Li> <Li> Featured in the 1985 film Fever Pitch, evidently when the sale of the casino was pending . </Li> <Li> Featured prominently in the 1992 film Honeymoon in Vegas, starring Nicolas Cage and Sarah Jessica Parker . </Li> <Li> Featured in the 1995 film Leaving Las Vegas, also starring Cage and Elisabeth Shue . </Li> <Li> Featured in the 2004 video game Grand Theft Auto: San Andreas as the "High Roller". </Li> <Li> Bally's Las Vegas hosted Spike TV's 2006 poker tournament series King of Vegas . </Li> <Li> Featured in the 2013 film The Incredible Burt Wonderstone, starring Steve Carell and Steve Buscemi . </Li> <Li> Bally's Las Vegas hosted the second season of the 2015 syndicated game show Monopoly Millionaires' Club . </Li> <Li> A head chef position at BLT Steak, located inside the hotel, will be awarded to the winner of Hell's Kitchen's 15th season . </Li> <Li> Has the studio for the American version of Who Wants to Be a Millionaire? since 2016 . </Li> </Ul>

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