Caesars Drops “Gansevoort” Name
LAS VEGAS (AP) — Caesars Entertainment Corp. is ending its partnership with Gansevoort Hotel Group to transform Bill’s Gamblin’ Hall & Saloon into the luxury Gansevoort Las Vegas on the Strip.
Caesars executive vice president Jan Jones confirmed the move on Sunday, two days after the Suffolk Downs ownership group said it had dropped partner Caesars Entertainment from its bid to build a $1 billion resort casino at the Massachusetts racetrack.
Jones, in a statement, says the end of the partnership with Gansevoort will have no impact on the Las Vegas project, and her company looks forward to opening the Strip resort on schedule in early 2014.
The Las Vegas Review-Journal reports the move came after Massachusetts gambling investigators, during routine background checks of Caesars’ business partners, found an investor in New York-based Gansevoort was alleged to have ties to organized crime in Russia.
Gansevoort president Michael Achenbaum, in a statement, says his company has “worked diligently” with Caesars on the Las Vegas project, but has agreed to end its role in it to “minimize any controversy for Caesars.”
Both Caesars and Gansevoort officials criticized the Massachusetts Gaming Commission for setting what they described as unreasonable standards for prospective developers.
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