The Cromwell News - Page 7

Hakkasan Group announced Wednesday it will close the nearly 10-year-old club May 26 for an extensive renovation and expansion that will open in 2015.

In April, the company reported a 66 percent decline in earnings and a 15 percent decline in net revenue for the second quarter.

The Cromwell Las Vegas is the Strip’s newest, dazzling property, and JCM Global has won 100 percent of the casino’s business. The Strip’s first luxury standalone boutique hotel is now open and protected by JCM’s award-winning iVIZION and UBA bill validators.

The 65,000-square-foot rooftop nightclub, day club and pool deck were designed by Victor Drai.

By the end of the year, Las Vegas will have about a half-dozen hotel-casinos that operators classify as “boutique,” “luxury” or “lifestyle” in their marketing efforts.

The 65,000-square-foot rooftop nightclub, day club and pool deck were designed by Victor Drai.

The deal is akin to a transfer of assets from the parent company to a business that was created last year to help the world’s largest casino operator expand its presence while dealing with its gaming industry-high $23 billion of long-term debt.

Caesars Entertainment Corp. said Wednesday it lost $1.756 billion in the fourth quarter.

Caesars Entertainment Corp. announced last week it was selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.

The Cromwell will fill more than 1,000 open positions at hiring events throughout March.

Bally's Las Vegas is one of three properties on the Las Vegas Strip that Caesars Entertainment Corp. is selling to its Caesars Growth Partners subsidiary. The other two are The Quad and The Cromwell. Harrah’s New Orleans also is involved in the sale

The Cromwell is taking over the building that once housed the Barbary Coast and Bill’s Gamblin’ Hall at the northeast corner of the Strip and Flamingo Road.

The area, which is being designed an operated by Victor Drai, is located on the 11th floor of the Cromwell and includes Drai’s Beach Club - Nightclub, offers panoramic views of the Strip.

The Cromwell, at the northeast corner of the Strip and Flamingo Road, will replace Bill's Gamblin' Hall, which closed a year ago for a $185 million remodeling. It is expected to reopen later this year as a 188-room boutique-style luxury resort.

Caesars Entertainment Corp. Friday announced a third name in less than a year for the Strip casino that originally was opened as the Barbary Coast.

Other than the shape of the building and some of the outside architectural enhancements, the Gansevoort Las Vegas will little resemble its past.

Gansevoort Hotel Group is joining Caesars in renovating the small, now-closed Bill's Gamblin' Hall at the corner of the Strip and Flamingo Road.

Caesars, Gansevoort Hotel Group and Victor Drai to launch an intimate urban resort at the location of Bill's Gamblin' Hall & Saloon.

The hotel-casino, which was built by Michael Gaughan and opened in 1979, will be reopened in early 2014 under a new name and theme, Caesars Entertainment said in statement.

Caesars plans to remodel the 198 hotel rooms and the 17,200-square-foot casino at Bill's.