This is for the lounge: came here during New Years' 2012 holiday weekend, and entered the lounge via the guest list. It was free for ladies and open bar until 11:30 pm!! The music was good and we had a blast! We got stamped and had wristbands that allowed us to go to Tao after 12:30 pm. The entire night was awesome because we only had to mobilize from one property to another. We didn't have to wait in any major lines and the promoters took care of us.
The icing on the cake: being able to walk to the Grand luxe cafe for drunk people dining. It's a ritual for us when in Vegas!!