Caesars ends ties with Gansevoort on Vegas resort

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Updated: 10/20/2013 7:02 pm

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.

Gansevoort spokesman Chris Walters confirmed the move 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.

The Las Vegas Review-Journal reports the action 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.

A Caesars spokeswoman declined to comment on the move with Gansevoort.

Gansevoort president Michael Achenbaum, in a statement released Sunday, 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."

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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