It suffered immediate financial problems, eventually filing for Chapter 11 bankruptcy in September 2001. The new Aladdin opened on August 18, 2000. Real estate developer Jack Sommer demolished the Aladdin in 1998 to make way for a new version, with London Clubs International as his partner. The site of Planet Hollywood was previously occupied by the Aladdin, an Arabian-themed hotel and casino which operated until 1997. It also features the Miracle Mile Shops and a 7,000-seat entertainment venue known as Bakkt Theater. The resort includes a 64,470 sq ft (5,989 m 2) casino and 2,494 hotel rooms. It is owned and operated by Caesars Entertainment. Planet Hollywood Las Vegas (formerly the Aladdin) is a casino hotel on the Las Vegas Strip in Paradise, Nevada.
