Las Vegas Sun NewsCaesars plans ‘next great nightclub experience’ atop Bill’s Gamblin’ Hall
Property also to undergo room renovations, company says
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Bill’s Gamblin’ Hall & Saloon.
Wednesday
3 October 2012
8 a.m.
Caesars Entertainment Corp. is working on plans to refurbish its small Las Vegas Strip property Bill’s Gamblin’ Hall & Saloon, which an executive says will be the site of a high-profile nightclub.
Caesars CEO Gary Loveman told analysts during a company-sponsored investors' presentation on Tuesday that the company is talking to lenders about financing for a project to rehabilitate the property's approximately 175 hotel rooms and to develop a new club.
"It sits in a very special place, right at the intersection of Flamingo Road and Las Vegas Boulevard," Loveman said. "Due to some remarkable foresight, the top of this building was built structurally so it can hold something very heavy on top without additional structural work.
"That something very heavy is the next great nightclub experience in Las Vegas," Loveman said.
Loveman said Caesars is teaming for the new nightclub with developer Victor Drai, known for such clubs as the existing Drai's After Hours at Bill's.
Caesars hasn't disclosed the potential cost for the project, which is near the Linq entertainment district under construction behind the Flamingo and the Quad (formerly the Imperial Palace).
At Bill's, Caesars plans to "modify the casino experience and the nightclub experience and introduce the same type of pool club experience you find at all of our competitors — with a panoramic view of the Strip," Loveman said.
Caesars acquired Bill's — then called the Barbary Coast — in 2007.
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Whoop-dee-doo.
These guys are spending like drunken sailors in the face of losing 200+ million per quarter. Am is missing something? I know renovations need to keep up with an ever changing Las Vegas but who on earth keeps loaning these guys more and more money.
they always seem to be able to get the money they need for expansion...
the interest rates they pay are so high that i guess there is always someone willing to take a chance...
the people loaning the money have to be playing with someone elses money...hedge or pension funds...
our country must have people with access to endless amounts of funds...i read recently that Harvard has 30 billion dollars in their endowment fund, this is an example of a business that has to invest some of that money somewhere...and thats just one institution...
Funny, I don't live in Vegas, but dreamed prominently about Bill's last night. This is really a shame, especially if they get rid of the old Vegas facade wrapped around the front and side of the building and the classic interior. An example of a redo done right is Tropicana vs, tearing down a structure only to leave a blank lot in the end. But really hope too much doesn't change.
I hope Caesar's idea man comes up with something better than "The Quad" this time. May I humbly suggest "The Rhombus" or "The Triad".
Gary Loveman continues his determination to kill Vegas. Barbary Coast (when operated by Michael Gaughan) was a complement to the Strip. Mr. Loveman is DESTROYING the Strip. Please return to Boston Mr. Loveman!
You could see this coming - first they got rid of the coffee shops and replaced them with the Slush Bar. Then Big Elvis left. They closed the Steakhouse a few weeks ago. Now a roof top night club in the works. I just hope there are no more really big changes before our next trip in the spring. Really lookin forward to those $2 margaritas as soon as we check in.
Caesars is spending money like water. The debt is going to cause this company to go into bankruptcy if the spending is not stopped. Las Vegas Sands has several Asian properties which generate a huge cash flow. Caesars has none.
Great just what we need, another club blasting music all night long, no sleep for the guests of The Flamingo or Ballys. I agree with the others these corporate "know it alls", (Loveman and Murren) are destroying the Vegas we love!