Bills Gambling Hall to Close

November 30, 2012
Bills Gambling Hall to Close

Caesars Entertainment has announced that Bill’s Gambling Hall will close on February 4, 2013.  The casino will be replaced by a boutique style hotel and casino.  The renovation will cost an estimated $185 million.  These funds were secured through a credit facility with a term of seven years.  The 198-room hotel is slated to reopen in the first quarter of 2014 under a new name.  This new brand has yet to be announced.

Bill’s Gambling Hall is a favorite among low limit Las Vegas gamblers.  The casino offers many $5 minimum games including Rapid Craps, roulette, Three Card Poker and 6-5 blackjack.  There is also an old school sports book and a small poker room.  The six-table poker room spreads just one cash game.  That game is No Limit Texas Hold’em with $.50/$1 blinds.  Bill’s Gambling Hall is the last Las Vegas poker that spreads this game.  This game may move to either the Flamingo or Bally’s poker room but there has yet to be confirmation on this.

Bill’s Gambling Hall is located in the center of the Las Vegas Strip at the corner of Las Vegas Boulevard and Flamingo Road.  It is bordered by Bally’s to the south, Flamingo to the north and Caesars Palace to the west.  The casino is on some of the most expensive real estate in Las Vegas.  This makes it an ideal location for an upscale boutique hotel.

Bill’s Gambling Hall was acquired by Caesars Entertainment through a land swap with Boyd Gaming.  Caesars Entertainment traded 24 acres that once hosted the Westward Ho casino on the north strip for the 4.3 acre Barbary Coast property.  In March 2007, Caesars Entertainment quickly remodeled the Barbary Coast property and transformed it into a western style casino.

The change was always meant to be temporary as the intention was to eventually demolish the casino to expand the neighboring Flamingo casino.  Bill’s did not even use the Total Rewards card used by other Caesars Entertainment properties until it became evident that the recession was going to prevent Caesars Entertainment from carrying out its Flamingo expansion.

This is not the only major construction Caesars Entertainment is funding in Las Vegas at the moment.  Imperial Palace is currently being remodeled and rebranded as The Quad.  The company also demolished O’Sheas this year and is constructing an entertainment district known as the Linq Project behind the former O’Sheas casino.

Caesars Entertainment has nearly $1 billion invested between the Linq Project, Caesars Palace improvements, the previous Flamingo remodel and the Bill’s Gambling Hall renovation.  That is a large investment for a company that carries a debt load of over $20 billion.

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