A new Gansevoort Hotel to open on the Las Vegas Strip — Photo by Gansevoort Hotel Group

Caesars Entertainment Corporation announced today the collaboration withNew York-based luxury hotel brand Gansevoort Hotel Group and nightlife impresarioVictor Draito launch a never before seenLas Vegasexperience creating an intimate urban resort at the location of Bill's Gamblin' Hall & Saloon. At the heart of the Strip on the prime corner of Las Vegas Blvd. and Flamingo Road, Gansevoort Las Vegas is planned to open in early 2014.

As the only standalone boutique resort, perfectly situated at the center of the Strip, Gansevoort Las Vegas' exceptionally high standard of style and service will redefine the boutique hotel experience. Glitterati and everyday guests alike will receive the ultimate in VIP treatment and unique social experiences.

Gansevoort Las Vegas will be the fourth installment of the luxury hospitality brand following the recent success of Gansevoort Park Avenue inNew York. Following a$185 millionrenovation,Gansevoort's iconic style will completely reimagine the hotel experience inLas Vegas, creating the only intimate property among the Strip's towering skyscrapers. Gansevoort Las Vegas will feature 188 Parisian apartment-style guest rooms including 19 suites, designed by Tandem Las Vegas. An intimate lobby space will welcome guests upon arrival, with a redesigned lobby bar, ultra-lounge, retail outlets, and 40,000 square-foot casino providing a unique upscale energy. A destination restaurant overlooking the Strip will round out the guest experience.

"We are confident that the Gansevoort Las Vegas will be unlike anything that exists inLas Vegastoday," saidMichael Achenbaum, founder and president, Gansevoort Hotel Group.

Gansevoort Las Vegas will also feature another first forLas Vegas– the creation of Drai's Beach Club and Nightclub,Victor Drai's reinvention ofLas Vegasnightlife featuring a 65,000 square-foot indoor/outdoor nightclub and rooftop pool experience. Drai's Beach Club and Nightclub will be one of the most sought after dayclub/nightclub spaces in the city, boasting breathtaking panoramic views high above the Las Vegas Strip. The legendary After Hours by Drai will also return in the same location with its discrete underground and intimate vibe, offering its dedicated club goers an all new experience.

"Drai's After Hours has been a staple ofLas Vegasnightlife for the past 15 years," saidVictor Drai, creator and founder of the legendary nightclub. "Drai's set a new standard for the late night entertainment experience inLas Vegasand I've successfully raised the bar for that experience with each new venue I've launched. I'm thrilled to have the opportunity to once again re-invent and re-invigorate the nightlife scene right where it all began 15 years ago. Drai's Beach Club and Nightclub, set atop the renovated Gansevoort Las Vegas, will be unlike any other club venue in the world. I'm looking forward to entertaining guests in this beautiful rooftop venue as well as re-introducing After Hours by Drai to the resort."

"Gansevoort Las Vegas will be a completely unique upscale lifestyle experience inLas Vegas," saidTariq Shaukat, executive vice president and chief marketing officer Caesars Entertainment. "It will set a new standard of fun and modern luxury which only Gansevoort Hotel Group,Victor Drai, and Caesars Entertainment can create. We are confident that Gansevoort Las Vegas will be one of the most exciting destinations inLas Vegaswhen it opens in 2014."

Gansevoort Las Vegas, combined with the nearby open-air retail, dining and entertainment complex The LINQ, opening in late 2013, will transform the heart of the Strip into the heart ofLas Vegasentertainment. The renovated resort is anticipating employing more than 1,000 people.

About Caesars Entertainment
Caesars Entertainment Corporation is the world's most diversified casino-entertainment company. Since its beginning in Reno, Nevada, more than 76 years ago, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on four continents. The company's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. Caesars also owns the World Series of Poker® and the London Clubs International family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. We are committed to environmental sustainability and energy conservation and recognize the importance of being a responsible steward of the environment. For more information, please visit Caesars.com.

About Gansevoort Hotel Group
Gansevoort Hotel Group (GHG), the developers of the flagship Gansevoort Meatpacking NYC in New York City's Meatpacking District, is led by father and son team William and Michael Achenbaum . The company manages a successful Caribbeanresort property, Gansevoort Turks + Caicos, which opened in April 2009. The brand's newest addition, the luxurious Gansevoort Park Avenue NYC on 29th Street and Park Avenue South, opened in August 2010. The hotel features a tri-level rooftop complex, Asellina, an Italian restaurant, exhale spa, Cutler salon, and fitness center. GHG specializes in full-service urban and lifestyle resorts that redefine the contemporary hotel experience. For more information, please visit www.gansevoorthotelgroup.com or call Gansevoort Hotel Group at 212-730-0100.

ABOUT DRAI MANAGEMENT GROUP
Drai Management Group is owned and operated by managing partnerMichael GruberandVictor Drai, who is regarded by many as the "father of theLas Vegasafter hour's scene." As creator and founder ofLas Vegasmega-clubs Tryst and XS, Drai is the visionary and owner of the legendary Drai's After Hours club. Drai Management Group also operates the renownedLos Angelesrestaurant/club Drai's, which was established in 1993, and the very popular Drai'sHollywood, which opened in 2010 as a restaurant, pool and nightclub located on the rooftop of the W Hotel inHollywood, California. In 2014, Drai Management Group will introduce a new concept, Drai's Beach Club and Nightclub, inside the Gansevoort Hotel Las Vegas (formerly Bill's Gamblin' Hall & Saloon). The rooftop venue will encompass 65,000 square feet offering panoramic views of the Las Vegas Strip and boast a pool, dayclub/nightclub and concert space. Additionally, After Hours by Drai will re-open,Las Vegas' most famous after hour's nightclub, is a lush, exciting place to enjoy the early morning Vegas nightlife. Boasting four various sized rooms with two plush bars and two large dance floors, the sensuous interior offers more than 10,000 square-feet of alluring space. Beautiful artwork is placed throughout the venue creating a unique artistic ambiance.