LAS VEGAS—Caesars Entertainment Corporation announced its previously arranged $185 million, seven-year senior secured credit facility will fund the conversion of Bill’s Gamblin’ Hall & Saloon to a boutique lifestyle hotel and casino. The renovation includes the addition of a rooftop pool as well as a dayclub/nightclub. Drai Management Group will manage the club.
“This project exemplifies our strategy to develop new experiences that will help attract a broader spectrum of visitors to Las Vegas and our properties,” said Gary Loveman, chairman, chief executive officer and president of the company, in an announcement. “The renovated property will provide visitors with a sophisticated, upscale experience, including a unique rooftop pool and club, which will have a panoramic view of the Las Vegas Strip.”
The conversion includes the complete remodeling of the guestrooms, casino floor, and common areas, the addition of a new second floor restaurant, and the construction of the 65,000 square foot rooftop pool and dayclub/nightclub.
Bill’s Gamblin’ Hall & Saloon will temporarily close on Feb. 4, 2013 to accommodate the remodeling. The renovated hotel and casino is expected to open in early 2014, under a new name, while the rooftop club will open later that year. The renovated resort and club are anticipated to employ more than 1,000 people.