Bally's Las Vegas, formerly the MGM Grand Hotel and Casino, is a hotel and casino on the Las Vegas Strip in Paradise, Nevada, owned and operated by Caesars Entertainment. The hotel features 2,814 extra-sized guestrooms that are 450 sq ft (42 m2) or larger and over 175,000 sq ft (16,300 m2) of banquet and meeting space. The casino occupies 67,000 sq ft (6,200 m2). About 75% of the rooms are in the North Tower, and were renovated in 2004. The remaining rooms are located in the newer South Tower, constructed in 1981, Caesars Entertainment announced in Spring 2013 that they were going to fully renovate that tower and rename it "Jubilee" Tower by the end of 2013. The name is inspired by their "Jubilee" production show.