WTF Just Happened: Gansevoort Las Vegas is No More

In a weird turn of events (understatement of the year), Caesars Entertainment has suddenly dropped its relationship with Gansevoort, a hotel group out of New York City.

According to Bloomberg.com, the former Bill’s Gamblin’ Hall & Saloon on the Las Vegas Strip will no longer re-open as the Gansevoort Las Vegas boutique hotel, as was announced several months ago.

Caesars Entertainment has been forced to change direction mid-renovation. What now?

Caesars Entertainment has been forced to change direction mid-renovation. What now?

This abrupt course reversal comes after questions were raised about Gansevoort by gaming regulators in Massachusetts. Caesars Entertainment was interested in a casino project in Boston, at Suffolk Downs, but that potential partnership has now fallen through, and the Boston inquiry lead to the issues raised in Las Vegas.

Apparently, regulators didn’t like the looks of one of Gansevoort’s investors, Arik Kislin, who allegedly has ties to Russian organized crime. Because if there’s one thing Las Vegas is known for, it’s an aversion to ties to organized crime. Ahem.

This is where the giant Gansevoort sign isn't going.

This is where the giant Gansevoort sign isn’t going.

This startling news raises more questions than it answers.

Assuming the $185 million renovation of Bill’s continues (it will), will Caesars Entertainment seek out a new hotel partner, or go it alone on the project? Will this put a kink in the renovation schedule? How will severing ties with Gansevoort affect things like the room designs and other hotel amenities in the works?

How will losing the Gansevoort name impact other partnerships like the one with celebrity chef Giada de Laurentiis whose new restaurant, Giada’s, was to be a centerpiece of the new hotel? (Answer: It won’t.)

Will it impact deals already struck with people like Victor Drai, who was overseeing development of the hotel’s beach club, nightclub and after hours club? (Again, unlikely.)

On the bright side, the Las Vegas Strip will no longer be getting the second worst hotel name, ever. (We’re looking at you, The Quad.) Bullet, meet dodged.

We’ll keep an eye on further developments, but wow, that one came out of nowhere!

Share some Vegas. Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on RedditShare on StumbleUponEmail this to someone

13 thoughts on “WTF Just Happened: Gansevoort Las Vegas is No More

  1. Marion Brenenstuhl

    I FOR ONE…AGREEWITH THIS SITE–THE NAME WAS A HORRIBLE CHOICE–WILL BE INTERESTING TO SEE THE NEXT STEP IN THE GAME–THIS IA A REALLY NICE CORNOR TO OWN..AND I,M SORRY THE BARBERY COAST CLOSED..I LIKED THAT PLACE SMALL-COSY AND FRIENDLY–TOO BAD…

    Reply
  2. Matt S.

    I’m just wondering if the place will still look like the renderings we’ve seen. That look, minus the name, makes this a win in my book.

    Reply
  3. Greg Williams

    instead of rebranding it some other high-end name, make it a new nice establishment for those that dont want to or cant stay at an aria-type, but want better than excalibur. a nice new mid-priced place would be nice

    Reply
    1. vitalvegas

      Not likely to happen, unfortunately. They’re going more high end, and that won’t change even without the Gansevoort name.

      Reply
  4. ZzjitterzZ

    If I remember correctly, the rumor before Gansevoort was that Drai’s would also be the name of the hotel. Probably should have just gone with the first idea.

    Vegas- the city built by gangsters, but now must be completely devoid of them

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *