This new-style Trader Vic's opened in late 2007 in the Planet Hollywood Casino (formerly the Aladdin), right across from the Bellagio fountains. The space sprawled over two floors and 11,000 square feet, leading to a much more plain and dull interior than is expected at a Trader Vic's. The management there tried to appeal to the young club crowd by catering more to the ultra-lounge, vodka-bottle aesthetic than an actual old-school crafted-drink lounge.

After struggling for two years, this Trader Vic's location closed in late 2009. The location is now a Cabo Wabo Cantina.