Caesars Entertainment has secured a $185 million line of credit that will be used to rebuild Bill’s Gamblin’ Hall & Saloon on the Las Vegas Strip.
Caesars will shut down the 33-year-old property in February and reopen it as a boutique hotel under a new name in early 2014.
The company will remodel guest rooms and the casino floor while adding a second-floor restaurant and a 65,000-square-foot nightclub and rooftop pool that will be managed by Drai Management Group.
The 200-room hotel opened as the Barbary Coast Hotel & Casino in 1979. It was renamed Bill's Gamblin' Hall in 2007 after Caesars acquired the hotel from Boyd Gaming. Follow Danny King on Twitter @dktravelweekly.