Gather around, kids, it’s time for a little lesson in ancient Chinese history. Diaoyutai, an ancient name for “fishing terrace,” is a self-reflecting destination in Beijing that dates back almost 800 years, when Emperor Zhangzong of the Jin Dynasty fished at the location. Over the years, this tranquil environment has been a retreat for Chinese royalty, but more recently, has opened its doors to house big shot dignitaries from across the world. Full of ornate gardens and pavilions, Diaoyutai State Guesthouse puts a back corner room in the White House to shame.

What the hell does this have to do with Vegas you ask?

Well, MGM Grand Hotel and Casino recently received the superior accolade of playing host to the Diaoyutai State Guesthouse Culinary Festival at its fine-dining Chinese restaurant, Pearl, Feb. 6 through Feb. 12.

“We are honored and delighted to have been chosen to host this most exclusive and time-honored culinary tradition,” said MGM Grand president and COO Gamal Aziz. “Filled with fascinating tradition and delicious food, we know it will be a one-of-a-kind experience for our guests.”

This is the first time in history the United States is lucky enough to host the coveted celebration. With Vegas being a top Chinese New Year tourist destination, MGM Grand is a clear choice with its long list of fine-dining restaurants — Joël Robuchon just garnered another Mobil Five-Star Award — and highly regarded accommodations, such as the Signature at MGM Grand, named “Best Luxury Hotel in the U.S.” by TripAdvisor.com.

Lunch and dinner will be served daily from 10 a.m. to 2:30 p.m. and 5 p.m. to 11:30 p.m. The prix fixe menus will run you $200, $250 and $300 for lunch and $450 and $600 for dinner. Hey, it costs — I mean pays — to be king.

By Jessica Acuña

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