This is from magictimes.com:
Caesars Magical Empire in Las Vegas has officially, and finally, closed on November 30. As previously reported the on again off again venue has been scheduled to be scraped many times over the past few years but always managed to survive. In September notice was given to the staff of the Nov. 30 closing. The 40+ million dollar venue which opened in the summer of 1996 was profitable but with the upcoming opening of Celine Dion's show at Caesars it was decided that the space could be better used.