The ONE Group Announces Partnership Deal at Palms Casino Resort in Las Vegas

NEW YORK, May 10, 2012 /PRNewswire/ -- The ONE Group, the New York-based hospitality company, known for its high-energy dining venues, announces a partnership deal with the Palms Casino Resort in Las Vegas to open a sports-themed restaurant and lounge called "Heraea" (pronounced "ha-ray-uh"). The new venue will take-over the space currently occupied by Garduno's, and will offer great food, state-of-the-art sports viewing and energetic music in a chic space. The ONE Group intends to open Heraea at Palms Casino Resort by the end of 2012.

"We create sexy spaces that are all about great hospitality and having fun," said Celeste Fierro, Senior Vice President of The ONE Group. "Heraea will be a place for everyone to hang out, see a game, flirt and enjoy a great meal."

Joseph A. Maglairditi, President of Palms Casino Resort said, "We at Palms are very excited to join with The ONE Group to offer our guests a new and exciting take on the traditional sports bar.  We think the vibe and location of Heraea will perfectly complement all of the other changes happening at Palms."

The new venue, located on the Palms' casino floor and adjacent to the famous Palms pool, will attract an eclectic mix of guests all drawn together by the attraction of watching sports while enjoying a top-notch dining experience. Heraea, consistent with all The ONE Group venues, will be designed to appeal equally to the female and male audience. In addition to the sports focus, an energetic music program will feature deejays spinning, as well as a back bar stage for special live performances.

"We are proud to partner with the Palms Casino Resort and look forward to opening this unique venue," said Jonathan Segal, CEO of The ONE Group. "The property is undergoing many changes and it is exciting to be a part of the process."  

The ONE Group creates uniquely vibe-driven concepts globally, appealing equally to both sexes. The group has been on the upswing since opening its first venue in Manhattan, in 2004, in New York's Meatpacking District. The ONE Group currently has 31 venues in operation or in development between New York, Los Angeles, Miami, Las Vegas, Atlanta, Seattle, Atlantic City and London. The company's international expansion will commence in Q3 of 2012 with openings in London and in 2013 in Vienna. Since its inception, The ONE Group has created more than 1,750 jobs, and projects adding 1000 more globally within the next six months with the addition of the new venues.

About The ONE Group
The ONE Group is a high-end hospitality company that develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. The company also operates a turn-key food and beverage program for hotels and resorts. The company was established with the vision of becoming a market leader in the hospitality industry by melding service, ambiance and cuisine into one great experience. By applying over 45 years of experience from its affiliated hospitality company, U.K.-based The Modern Group, The ONE Group continues to expand its concepts globally. Since introducing its first venue in January 2004, The ONE Group has opened, partnered or has under construction 31 venues, including operating a number of hotel contracts and casinos restaurants. The company will launch its first international operation in 2012. Corporate brands include One, STK, Asellina and Heraea. Partner brands include Bagatelle & Tenjune. For more information about The ONE Group please visit www.togrp.com; follow at www.twitter.com/TheONEGroupUS; and engage with www.facebook.com/TheONEGroupUS.

About Palms Casino Resort
Palms Casino Resort, heralded as one of Las Vegas' hippest resorts, is an all-encompassing, one-stop destination. The boutique property boasts three distinct towers and a diverse mix of bars and restaurants across a 95,000-square-foot casino. Amenities include ghostbar; Rain Nightclub; The Pearl Concert Theater; Moon Nightclub; N9NE Steakhouse; Nove Italiano; Little Buddha; Simon Restaurant & Lounge; The Palms Pool & Bungalows; Palms Spa and AMP Salon; Drift Spa & Hammam; Brenden Theatres, a 14-theatre Cineplex; the Fantasy Suites, including the Hardwood Suite, the only hotel room in the world with its own basketball court; and more than 60,000 square-feet of meeting space. The Palms has played host to MTV's Video Music Awards, "Real World: Las Vegas" and Bravo's "Celebrity Poker Showdown" and E!'s "Girls Next Door." Palms Casino Resort is located west of the Las Vegas Strip and I-15 on Flamingo Road. For reservation information, call toll free at (866) PALMS-RES, (866) 725-6773, or visit www.palms.com. For groups of 15 rooms or more, contact the Sales Department at (866) PALMS-MTG or (866) 725-6768.

SOURCE The ONE Group