Nathan "Nate" Jacobson was the president of Caesars Palace in Las Vegas, Nevada during the 1960s. Formerly an insurance executive and a part-owner of the Baltimore Bullets basketball team, Jacobson partnered with hotel developer Jay Sarno to build Caesars Palace, which opened in 1966. Jacobson served as president of Caesars until 1969, when it was sold to Clifford and Stewart Perlman of the Miami-based Lum's restaurant chain. Jacobson then became part-owner and operator of the Bonanza Hotel and Casino in Las Vegas and in 1969 he opened the Kings Castle Hotel and Casino at Incline Village, North Lake Tahoe, Nevada.