Ballys Las Vegas is a hotel and casino on the Las Vegas Strip in Paradise Nevada. It is owned and operated by Caesars Entertainment Corporation. The resort has a large shopping area a floor below its gaming level including several restaurants and there is a station along the Las Vegas Monorail at the rear of the property. Ballys Las Vegas is a hotel and casino on the Las Vegas Strip in Paradise Nevada. It is owned and operated by Caesars Entertainment Corporation. The resort has a large shopping area a floor below its gaming level including several restaurants and there is a station along the Las Vegas Monorail at the rear of the property.