Document:

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                              EMPLOYMENT AGREEMENT

      This Employment Agreement ("Agreement") is made and entered into by and
between Aladdin Gaming, LLC ("Company"), Aladdin Gaming Holdings, LLC ("Gaming
Holdings") and David Attaway ("Executive").

      WHEREAS, the Company considers it important and in its best interest and
the best interest of its owners to foster the employment of key management
personnel and desires to retain the services of Executive on the terms and
subject to the conditions of this Agreement;

      WHEREAS, the Executive desires to accept employment by the Company to
render services to the Company on the terms and subject to the conditions of
this Agreement.

      NOW, THEREFORE, in consideration of the foregoing and the following mutual
covenants and agreements, the parties agree as follows:

1.    EMPLOYMENT. The Company hereby employs Executive as President and Chief
Operating Officer of the Aladdin Music Hotel & Casino Project ("Aladdin Music
Project") and Senior Vice President of the Company responsible for sales,
marketing and entertainment for the Aladdin Resort & Casino. Executive hereby
accepts such employment with the Company for the compensation and subject to the
terms and conditions in this Agreement.

2.    TERM. The term of the Executive's employment under this Agreement ("Term")
shall commence on April 15, 1999 ("Commencement Date") and shall continue to and
including April 14, 2002, unless earlier terminated as provided in this
Agreement. (The date of any termination of this Agreement as provided herein is
the "Termination Date").

3.    DUTIES AND RESPONSIBILITIES. During the Term, Executive will serve as
President and Chief Operating Officer of Aladdin Music Project and Senior Vice
President of the Company. Executive will have such authority, responsibilities
and duties as are customarily associated with this position. At all times
Executive shall faithfully and to the best of his abilities perform his duties
and responsibilities hereunder to the reasonable satisfaction of the Board of
Directors. In addition, Executive shall devote his full time, efforts and
attention to the business and affairs of the Company, use his best efforts to
further the interest of the Company and at all times conduct himself in a manner
which reflects credit upon the Company.

4.    COMPENSATION.

      a.    SALARY. For his services hereunder, the Company shall pay Executive
            a base salary of Three Hundred Twelve Thousand Dollars ($312,000)
            ("Base Salary") for each consecutive 12-month period during the Term
            beginning with the Commencement Date. (Each such consecutive 12
            month period is an "Employment Year"). Executive's Base Salary will
            be prorated for any partial Employment Year. On April 15, 2000, the
            Board of Directors will consider an increase in the Base Salary
            based upon criteria determined by the Board of Directors and
            applicable to other members of the executive management

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            group. Any such increases, however, shall be in the sole discretion
            of the Board of Directors. There shall be no reduction in Base
            Salary during the Term. The Base Salary shall be payable in equal
            periodic installments subject to customary deductions for social
            security, other taxes and amounts customarily withheld from salaries
            of employees of the Company, all in accordance with the Company's
            usual and customary payroll practices.

      b.    ANNUAL BONUS. From and after the date the Company opens and begins
            operating the Aladdin Hotel & Casino ("Operational Date"). Executive
            is eligible to receive from the Company an annual cash bonus,
            provided Executive is employed by the Company on the date the Board
            of Directors grants the bonus. Upon the opening of the Aladdin Music
            Project, seventy percent (70%) of the Executive's bonus will be
            based on relevant criteria or performance standards related to
            Aladdin Music Project and thirty percent (30%) will be based on
            relevant criteria or performance standards related to the Company.
            The Board of Directors will determine such criteria and standards in
            a bonus plan, which will be competitive with industry standards and
            applicable to other members of the executive management group.
            Executive's bonus will be prorated accordingly if either the Aladdin
            Hotel and Casino or Aladdin Music Project is only partially open and
            operating during the bonus year.

            If the Aladdin Music Project is not open by the first anniversary of
            the date the Aladdin Hotel and Casino is open to the public, 100% of
            the Executive's bonus shall be based on the performance of the
            Company with relevant criteria established by the Board of Directors
            consistent with Executive's peers.

            Executive is eligible to participate in the opening bonus for the
            Aladdin Hotel and Casino established by the Board of Directors
            provided Executive meets all the criteria for such bonus.

      c.    BENEFITS. During the Term, Executive shall be entitled to receive
            from the Company such health, pension, retirement and other employee
            benefits as the Company provides to other members of the executive
            management group. During the Term, the Company, at its expense, will
            provide Executive with term life insurance in the amount of
            Executive's annual Base Salary. During the Term, the Company, at its
            expense, will provide Executive with long-term disability coverage
            under a group long-term disability plan the Company provides other
            members of the executive management group.

      d.    VACATION. Executive shall be entitled to two (2) weeks paid vacation
            for each Employment Year, prorated for any partial Employment Year.
            The Board of Directors in its discretion may increase Executive's
            vacation entitlement. The timing and duration of specific vacations
            will take into account the business needs of the Company and will be
            mutually agreed to by the parties. In the event any such vacation is
            not used by Executive in any Employment Year, the Executive has a
            right to accumulate and carry forward such number of unused vacation
            days from year to year as may be consistent with the Company's
            policy for other members of the executive management group. Upon
            termination of employment, all unused vacation time shall be paid to
            Executive.

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      e.    REIMBURSEMENT OF EXPENSES. The Company shall pay all reasonable
            expenses incurred by Executive in the performance of his duties and
            responsibilities for the Company. Executive shall submit to the
            Company statements and documentation reflecting such expenses
            incurred, with such detail, backup and confirmation as the Company
            may reasonably require. Subject to any audit Company deems
            necessary, the Company shall promptly reimburse Executive the full
            amount of any such expenses incurred by Executive.

      f.    LLC PROFIT INTEREST. Gaming Holdings is currently evaluating and
            developing a "Profits Only Interest" in Gaming Holdings. If Gaming
            Holdings creates a "Profits Only Interest," the parties will amend
            this Agreement so that the Executive shall participate in such
            program substantially in the form previously presented to the
            Executive, provided, however, any such program shall not provide the
            Executive with any preferential treatment as compared to similarly
            situated executives. If Gaming Holdings does not create a "Profits
            Only Interest," the parties will negotiate to establish a
            compensation arrangement in lieu of a "Profits Only Interest."

      g.    AUTO ALLOWANCE. During the Term, the Company shall pay Executive an
            auto allowance of Five Hundred Dollars ($500) per month.

5.    TERMINATION. This Agreement shall terminate in accordance with the
following provisions:

      a.    EXPIRATION OF THE TERM. Unless earlier terminated in accordance with
            the provisions hereof, this Agreement shall terminate on expiration
            of the term as provided in Section 2.

      b.    DEATH. If the Executive dies during the Term, this Agreement shall
            terminate, with the Termination Date being the date of the
            Executive's Death.

      c.    DISABILITY. If the Executive has been absent from service to the
            Company as required in this Agreement for a period of ninety (90)
            days or more during any one hundred eighty (180) day period during
            the Term as a result of any physical or mental disability, the
            Company has the right to terminate this Agreement, the Termination
            Date being ten (10) days after notice thereof is given to Executive.

      d.    TERMINATION BY COMPANY FOR CAUSE. The Company has the right to
            terminate this Agreement for Cause as defined herein, such
            termination to be effective immediately upon notice thereof from the
            Company to Executive. For purposes of this Agreement, Cause shall
            mean Executive's: (1) conviction of any felony; (2) embezzlement or
            misappropriation of money or property of the Company; (3) denial,
            rejection, suspension or revocation of any gaming license or permit;
            (4) Executive's material breach of section 6 hereof which material
            breach has an adverse impact on the Company; and (5) Executive quits
            his employment with the Company without Good Reason. Good Reason is
            defined as: (i) the assignment to Executive of duties materially
            inconsistent with his position and title without his consent; or
            (ii) a material reduction in Executive's duties, authorities and
            responsibilities without his consent; or (iii) a reduction by the
            Company in Executive's Base Salary, in effect immediately prior to
            such reduction, without his consent, provided

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            Executive gives the Company written notice specifying such
            assignment or reduction and the Company has not cured or abated such
            assignment or reduction within twenty (20) days thereafter.

      e.    TERMINATION BY COMPANY WITHOUT CAUSE OR TERMINATION BY EXECUTIVE
            WITH GOOD REASON OR UPON A CHANGE OF CONTROL. Subject to Section
            5(f), (i) the Company has the right to terminate this Agreement
            without Cause, (ii) the Executive has the right to terminate this
            Agreement for Good Reason and (iii) the Executive has the right to
            terminate this Agreement upon a Change of Control by giving the
            other party written notice thereof. In any of this instances, the
            Company shall provide Executive with all the benefits set forth in
            Section 8(e). For purposes of this Agreement, a Change of Control
            shall be deemed to occur only if collectively the Sommer Family
            Trust and London Clubs International, plc, through their affiliates,
            own less than fifty percent (50%) of the membership interests of
            either Gaming Holdings or the Company.

      f.    SPECIAL RIGHT OF EXECUTIVE TO TERMINATE THIS AGREEMENT. If upon the
            Operational Date, the Aladdin Music Project has not received
            sufficient project funding for substantial completion, the Executive
            shall have the right, but not the obligation, to terminate this
            Agreement within 120 days of the Operational Date and after such
            period this Special Right to Terminate shall expire. Under this
            Special Right to Terminate, the Executive shall be entitled to the
            benefits in Section 8(f) hereof.

6.    EXECUTIVE'S COVENANTS. The Executive acknowledges that the Company and
Gaming Holdings have a substantial, legitimate and continuing interest in the
protection of their business relationships with others including, without
limitation, current and prospective employees, consultants, advisors, customers,
vendors, suppliers, partners or joint venturers and financing sources, and in
the protection of their Confidential Information and have invested substantial
sums, time and effort and will continue to invest substantial sums, time and
effort to develop, maintain and protect such relationships and Confidential
Information. Accordingly, Executive covenants and agrees as follows:

      a.    CONFIDENTIALLY. During the Term and thereafter, Executive shall keep
            secret and retain in strictest confidence and shall not, without the
            prior written consent of the Company or Gaming Holdings, furnish,
            make available or disclose to any third party or use for the benefit
            of himself or any third party any Confidential Information.
            Confidential Information is information related to or concerning
            Gaming Holdings, the Company and their businesses which is
            confidential, proprietary or not generally known to and cannot be
            readily ascertained through proper means by persons or entities
            (including Gaming Holdings' and the Company's present or future
            competitors), who can obtain any type of value from its disclosure
            or use. Confidential Information includes all secret, confidential
            or proprietary information, knowledge or data specifically relating
            to Gaming Holdings and the Company, such as, without limitation,
            finances and financing methods, sources, proposals or plans;
            operational methods; marketing or development proposals, plans or
            strategies; pricing strategies; business or property acquisition or
            development proposals or plans; new personnel acquisition proposals
            or plans; customer lists and any descriptions or data concerning
            current or prospective customers. While employed by the

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            Company and in furtherance of the business and for the benefit of
            Gaming Holdings and the Company, Executive may provide Confidential
            Information as appropriate to attorneys, accountants, financial
            institutions, and other persons or entities engaged in business with
            the Company.

      b.    NON-COMPETITION.

            1)    Executive covenants and agrees that he will not compete with
                  the Company, its affiliates or subsidiaries at any time during
                  the Term, or for one (1) year from the Termination Date upon a
                  Termination by the Company for Cause under Section 5(d)
                  (including Executive quitting without Good Reason under
                  Section 5(d)(5)). Under this paragraph, Executive agrees that
                  he will not, directly or indirectly, whether as employee,
                  owner, partner, agent, director, officer, consultant,
                  independent consultant or stockholder (except as the
                  beneficial owner of not more than 2% of the outstanding shares
                  of a corporation, any of the capital stock of which is listed
                  on any national or regional securities exchange or quoted in
                  the daily listing of over-the-counter market securities and,
                  in each case, in which the Executive does not undertake any
                  management or operational or advisory role) or in any other
                  capacity, for his own account or for the benefit of any other
                  person or entity, establish, engage, work for or be connected
                  in any manner with any person or entity which is, at the time,
                  engaged in a business which is in competition with the
                  business of the Company (or any of its subsidiaries or
                  affiliates); it being understood that for purposes of this
                  Section 6(b), the business of owning, managing, operating or
                  financing a casino or similar gaming activities in Clark
                  County, Nevada, shall be deemed to be business in which the
                  Company is engaged; provided, however, nothing herein
                  prohibits Executive from a working for a competing business
                  outside Clark County, Nevada.

            2)    Notwithstanding anything to the contrary contained herein,
                  Executive shall not be subject to the non-competition
                  provisions of this Agreement, if this Agreement is terminated
                  other than pursuant to the provisions of Section 5(d).

      c.    EMPLOYEES OF THE COMPANY. For one (1) year following the Termination
            Date, Executive shall not, directly or indirectly, solicit, or cause
            others to solicit, for employment by any person or entity other than
            the Company, any employee of the Company.

      d.    PROPERTY OF THE COMPANY. Executive acknowledges and agrees that all
            memoranda, notes, lists, records and other documents or papers,
            including copies thereof, containing or reflecting Confidential
            Information (whether or not such items are kept or stored in
            computer memories, microfiche, hard copy or any other manner) make
            or compiled by Executive or made available to Executive are and
            remain the property of the Company ("Company Property") and shall be
            delivered to the Company promptly upon any termination of this
            Agreement. Under Section 5 hereof, Executive shall retain no copies
            of Company Property following the Termination Date.

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      e.    REASONABLENESS AND SEVERABILITY OF COVENANTS. The Executive
            acknowledges and agrees that the Executive's covenants herein are
            necessary for the protection of the Company's legitimate interests,
            are reasonable and valid in duration and geographical scope, and in
            all other respects. If any court determines that any of the
            Executive covenants or any part thereof, is invalid or
            unenforceable, the remainder of the restrictive covenants shall not
            thereby be affected and shall be given full effect without regard to
            the invalid portions.

      f.    BLUE-PENCILLING. If any court determines that any of the Executive's
            covenants, or any part thereof, is unenforceable because of the
            duration or geographical scope of such provision, such court shall
            have the power to reduce the duration or scope of such provision, as
            the case may be, and, in its reduced form, such provision shall then
            be enforceable.

7.   NON-DISPARAGEMENT. Each of the parties agrees that after the Termination
     Date, neither shall, publicly or privately, disparage or make any
     statements (written or oral) that could impugn the integrity, acumen
     (business or otherwise), ethics or business practices of the other, except
     in each case, to the extent (but solely to the extent) necessary: (i) in
     any judicial or arbitral action to enforce the provisions of this
     Agreement; or (ii) in connection with any judicial or administrative
     proceeding to the extent required by applicable law.

8.   EFFECT OF TERMINATION. The following provisions shall apply in the event of
     the termination of this Agreement as provided in Section 5 above, and
     neither party shall have any further liability or obligation to the other,
     except as provided herein:

      a.    EXPIRATION OF TERM. Upon expiration of the term under Section 5(a)
            hereof, this agreement shall terminate and be of no further force
            and effect, except as provided in Sections 6(a), 6(c), 6(d), 6(e),
            6(f) and 7; provided that Executive shall be entitled to such
            salary, bonus and benefits then accrued or vested to the Termination
            Date, and any expense reimbursement amounts accrued to the
            Termination Date;

      b.    DEATH. Upon termination of this Agreement as provided in Section
            5(b) hereof, this Agreement shall terminate and be of no further
            force and effect; provided, further, that the Company shall pay to
            Executive's estate any salary, bonus and benefits then accrued or
            vested to the Termination Date, and any expense reimbursement
            amounts accrued to the Termination Date;

      c.    DISABILITY. Upon termination of this Agreement as provided in
            Section 5(c) hereof, this Agreement shall terminate and be of no
            further force and effect, except as provided in Sections 6(a), 6(c),
            6(d), 6(e), 6(f) and 7; provided that Executive shall be entitled to
            such salary, bonus and benefits then accrued or vested to the
            Termination Date, and any expense reimbursement amounts accred to
            the Termination Date;

      d.    TERMINATION PURSUANT TO SECTION 5(d). Upon termination of this
            Agreement as provided in Section 5(d) hereof, this Agreement shall
            terminate and be of no further force and effect, except as provided
            in Sections 6 and 7; provided that Executive shall be

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            entitled to such salary, bonus and benefits then accrued or vested
            to the Termination Date, and any expense reimbursement amounts
            accred to the Termination Date;

      e.    TERMINATION PURSUANT TO SECTION 5(e). Upon termination of this
            Agreement as provided in Section 5(e) hereof, this Agreement shall
            terminate and be of no further force and effect, except as provided
            in Sections 6(a), 6(c), 6(d), 6(e), 6(f) and 7; provided, further,
            that Executive shall be entitled to such salary, bonus and benefits
            including but not limited to health benefits and expense
            reimbursements to which Executive would have been entitled for the
            remainder of the three -year term or twelve (12) months, whichever
            is longer, as if there had been no earlier termination.

      f.    TERMINATION BY SPECIAL RIGHT OF THE EXECUTIVE. Upon termination of
            this Agreement as provided in Section 5(f), this Agreement shall
            terminate and be of no further force and effect, except as provided
            in Sections 6(a), 6(c), 6(d), 6(e), 6(f) and 7; provided further
            that Executive shall be entitled to such salary, bonus and benefits
            then accrued or vested to the Termination Date, and expense
            reimbursement amounts accrued to the Termination Date, and
            additional benefits as follows: Company paid COBRA premiums (on a
            monthly basis) for twelve (12) months, and Base Salary for twelve
            (12) months, (payable in lump sum less customary deductions).

9.    GENERAL PROVISIONS.

      a.    ASSIGNMENT. Neither this Agreement nor any right or interest
            hereunder shall be assignable by the Executive, or the Company or
            Gaming Holdings without prior written consent of the other;
            provided, that (1) in the event of the Executive's Death during the
            Term, the Executive's estate and his heirs, executors,
            administrators, legatees and distributees shall have the rights and
            obligations set forth herein, as provided herein, and (2) nothing
            contained in this Agreement shall limit or restrict the Company's
            ability (A) to merge or consolidate or effect any similar
            transaction with any other entity, irrespective or whether the
            Company is the surviving entity (including a split up, spin off or
            similar type transaction), provided, that one or more of such
            surviving entities shall continue to be bound by the provisions
            hereof binding upon the Company, (B) to assign this Agreement in
            conjunction with a sale of all or substantially all of the Company's
            assets, or (C) an assignment of this Agreement to an affiliate
            controlled by or under common control with the Company. Gaming
            Holdings has the same rights and obligations under this Section as
            the Company.

      b.    BINDING AGREEMENT. Except as otherwise provided in this Agreement,
            this Agreement shall be binding upon, and inure to the benefit of,
            the Executive, Gaming Holdings and the Company and their respective
            heirs, executors, administrators, legatees and distributees,
            successors and permitted assigns. Any such successor of the Company
            or Gaming Holdings shall be deemed substituted for the Company or
            Gaming Holdings under the terms of this Agreement for all purposes.
            As used herein, "successor" shall include any person, firm,
            corporation or other business entity which at any time, whether by
            purchase, merger or otherwise, directly or indirectly acquires all
            or substantially all or

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            the assets or business or the Company or Gaming Holdings and
            supercedes any prior understandings or agreements between the
            parties hereto and Aladdin Holdings, LLC.

      c.    AMENDMENT OF AGREEMENT. This Agreement may not be modified or
            amended except by an instrument in writing signed by the parties
            hereto.

      d.    SEVERABILITY. If, for any reason, any provision of this Agreement is
            determined to be invalid or unenforceable, such invalidity or lack
            of enforceability shall not affect any other provision of this
            Agreement not so determined to be invalid or unenforceable, and each
            such other provision shall, to the full extent consistent with
            applicable law, continue in full force and effect, irrespective of
            such invalid or unenforceable provision. Gaming Holdings has the
            same rights and obligations under this Section as the Company.

      e.    ENTIRE AGREEMENT. This Agreement represents the entire agreement and
            understanding between the Company, Gaming Holdings LLC, and the
            Executive concerning the matters herein and supercede any prior
            understandings or agreements between the parties hereto and Aladdin
            Holdings, LLC.

      f.    INDEMNIFICATION. The Company shall indemnify and hold Executive
            harmless to the full extent permitted by Chapter 86 of the Nevada
            Revised Statutes against costs, expenses, liabilities and losses,
            including reasonable attorney's fees and disbursements of counsel,
            incurred or suffered by him in connection with his service as an
            employee of the company during the Term of this Agreement.

      g.    NOTICES. For the purpose of this Agreement, notices and all other
            communications provided for in this Agreement shall be in writing
            and shall be deemed to have been duly given (1) when delivered, if
            sent by telecopy or by hand, (2) one business day after sending, if
            sent by reputable overnight courier service, such as Federal
            Express, or (3) three business days after being mailed, if sent by
            United States certified or registered mail, return receipt
            requested, postage prepaid. Notices shall be sent by one of the
            methods described above; provided, that any notice sent by telecopy
            shall also be sent by any other method permitted above, Notices
            shall be sent:

                 If to the Executive:          David Attaway
                                               7429 Doe Avenue
                                               Las Vegas, NV 89117

                 With a copy to:               George Echan
                                               PO Box 706 Zephyr Cove
                                               Lake Tahoe, NV 89448

                 If to the Company:            Aladdin Gaming Holdings, LLC
                                               Aladdin Gaming, LLC
                                               831 Pilot Road
                                               Las Vegas, NV 89119
                                               Attn: Richard Goeglein

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                 With a copy to:               Aladdin Gaming Holdings, LLC
                                               Aladdin Gaming, LLC
                                               831 Pilot Road
                                               Las Vegas, Nevada 89119
                                               Attn: General Counsel

            or to such other address as either party may have furnished to the
            other in writing in accordance herewith, except that notice of
            change of address shall be effective only upon receipt.

      h.    COUNTERPARTS. This Agreement may be executed in several
            counterparts, each of which shall be deemed to be an original but
            all of which together shall constitute one and the same instrument.
            Gaming Holdings has the same rights and obligations under this
            Section as the Company.

      i.    INDULGENCES, ETC. Neither the failure nor any delay on the part of
            either party to exercise any right, remedy, power or privilege under
            this Agreement shall operate as a waiver thereof, nor shall any
            single or partial exercise of any right, remedy, power or privilege
            preclude any other or further exercise of the same or of any other
            right, remedy, power or privilege, nor shall any waiver of any
            right, remedy, power or privilege with respect to any occurrence be
            construed as a waiver of such right, remedy, power or privilege with
            respect to any other occurrence.

      j.    BINDING ARBITRATION. Except for an action by the company for
            injunctive or other equitable relief, any dispute or controversy
            arising under or in connection to this Employment Agreement shall be
            resolved through binding arbitration, conducted in Las Vegas,
            Nevada, in accordance with the rules of the American Arbitration
            Association. Judgment may be entered on the arbitration award in any
            court of competent jurisdiction.

      k.    HEADINGS. The headings of sections and paragraphs herein are
            included solely for convenience of reference and shall not control
            the meaning or interpretation of any of the provisions of this
            Agreement. Gaming Holdings has the same rights and obligations under
            this Section as the Company.

      l.    NEUTRAL CONSTRUCTION. Each party to this Agreement has had the
            opportunity to retain counsel, and to review and participate in the
            drafting of this Agreement, and, accordingly, the normal rule of
            construction to the effect that any ambiguities are to be resolved
            against the drafting parties will not be employed or used in any
            interpretation of enforcement of this Agreement.

      m.    GAMING LAW. Anything to the contrary herein notwithstanding, the
            parties hereto agree and acknowledge that they are subject to and
            that they shall comply in all respects with the gaming laws of the
            state of Nevada including the Nevada Gaming Control Act and the
            rules and regulations promulgated by the Nevada Gaming Commission
            and the Gaming Control Board. To the extent anything in this
            Agreement is inconsistent with any gaming laws or regulations, the
            gaming laws and regulations shall control.

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      n.    GOVERNING LAW. This Agreement has been executed and delivered in the
            state of Nevada, and its validity, interpretation, performance, and
            enforcement shall be governed by the laws of such state, without
            regard to principles of conflicts of laws.

EXECUTION DATE                      ALADDIN GAMING LLC

December 29, 1999

                                    By: /s/ Richard J. Goeglein
                                        -------------------------------------
                                        Richard J. Goeglein
                                        President and Chief Executive Officer

                                    ALADDIN GAMING HOLDINGS, LLC

                                    By: /s/ Richard J. Goeglein
                                        -------------------------------------
                                        Richard J. Goeglein
                                        President and Chief Executive Officer

                                    EXECUTIVE

                                        /s/ David Attaway
                                        -------------------------------------
                                        David Attaway

                                       10<PAGE>

                              EMPLOYMENT AGREEMENT

      This Employment Agreement ("Agreement") is made and entered into this ___
day of January, 2000, by and between Aladdin Gaming, LLC ("Company"), Aladdin
Gaming Holdings, LLC ("Gaming Holdings") and Barbara Falvey ("Executive").

      WHEREAS, the Company considers it important and in its best interest and
the best interest of its owners to foster the employment of key management
personnel and desires to retain the services of Executive on the terms and
subject to the conditions of this Agreement;

      WHEREAS, the Executive desires to accept employment by the Company to
render services to the Company on the terms and subject to the conditions of
this Agreement.

      NOW, THEREFORE, in consideration of the foregoing and the following mutual
covenants and agreements, the parties agree as follows:

1.    EMPLOYMENT. The Company hereby employs Executive as Senior Vice President
of the Company responsible for all functions of Human Resources. Executive
hereby accepts such employment with the Company for the compensation and subject
to the terms and conditions in this Agreement.

2.    TERM. The term of the Executive's employment under this Agreement ("Term")
shall commence on January 24, 2000 ("Commencement Date") and shall continue to
and including January 23, 2003, unless earlier terminated as provided in this
Agreement. (The date of any termination of this Agreement as provided herein is
the "Termination Date").

3.    DUTIES AND RESPONSIBILITIES. During the Term, Executive will serve as
Senior Vice President of the Company responsible for all functions of Human
Resources. Executive will have such authority, responsibilities and duties as
are customarily associated with this position. Executive will report at a
corporate level to the Chief Executive Officer and at the operations level for
the Aladdin Resort and Casino to the President and Chief Operating Officer of
the Aladdin Resort and Casino. At all times Executive shall faithfully and to
the best of her abilities perform her duties and responsibilities hereunder to
the reasonable satisfaction of the Board of Managers of the Company. In
addition, Executive shall devote her full time, efforts and attention to the
business and affairs of the Company, use her best efforts to further the
interest of the Company and at all times conduct himself in a manner which
reflects credit upon the Company.

4.    COMPENSATION.

      a.    SALARY. For her services hereunder, the Company shall pay Executive
            a base salary of Three Thousand Three Hundred Sixty Five Dollars and
            Thirty-Nine Cents ($3,365.39) ("Base Salary") for each week prior to
            the opening for operation of the Aladdin Resort and Casino beginning
            with the Commencement Date. Upon the opening for operation of the
            Aladdin Resort and Casino, the Company will pay the Executive a base
            salary of Two

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            Hundred Thousand Dollars ($200,000) ("Base Salary") for each
            consecutive 12-month period during the remainder of the Term. (Each
            such consecutive 12-month period is an "Employment Year").
            Executive's Base Salary will be prorated for any partial Employment
            Year. On the one-year anniversary of the opening for operation of
            the Aladdin Resort and Casino, the Board of Managers of the Company
            will consider an increase in the Base Salary based upon criteria
            determined by the Board of Managers of the Company and applicable to
            other members of the executive management group. Any such increases,
            however, shall be in the sole discretion of the Board of Managers of
            the Company. There shall be no reduction in Base Salary during the
            Term. The Base Salary shall be payable in equal periodic
            installments subject to customary deductions for social security,
            other taxes and amounts customarily withheld from salaries of
            employees of the Company, all in accordance with the Company's usual
            and customary payroll practices.

      b.    ANNUAL BONUS. From and after the date the Company opens and begins
            operating the Aladdin Hotel & Casino ("Operational Date"). Executive
            is eligible to receive from the Company an annual cash bonus,
            provided Executive is employed by the Company on the date the Board
            of Managers of the Company grants the bonus. The Board of Managers
            of the Company will determine such criteria and standards in a bonus
            plan, which will be competitive with industry standards and
            applicable to other members of the executive management group.

      c.    BENEFITS. During the Term, Executive shall be entitled to receive
            from the Company such health, pension, retirement and other employee
            benefits as the Company provides to other members of the executive
            management group. During the Term, the Company, at its expense, will
            provide Executive with term life insurance in the amount of
            Executive's annual Base Salary. During the Term, the Company, at its
            expense, will provide Executive with long-term disability coverage
            under a group long-term disability plan the Company provides other
            members of the executive management group.

      d.    VACATION. Executive shall be entitled to two (2) weeks paid vacation
            for each Employment Year, prorated for any partial Employment Year.
            The Board of Managers of the Company in its discretion may increase
            Executive's vacation entitlement. The timing and duration of
            specific vacations will take into account the business needs of the
            Company and will be mutually agreed to by the parties. In the event
            any such vacation is not used by Executive in any Employment Year,
            the Executive has a right to accumulate and carry forward such
            number of unused vacation days from year to year as may be
            consistent with the Company's policy for other members of the
            executive management group. Upon termination of employment, all
            unused vacation time shall be paid to Executive.

      e.    REIMBURSEMENT OF EXPENSES. The Company shall pay all reasonable
            expenses incurred by Executive in the performance of her duties and
            responsibilities for the Company. Executive shall submit to the
            Company statements and documentation reflecting such expenses
            incurred, with such detail, backup and confirmation as the Company
            may reasonably require. Subject to any audit Company deems
            necessary, the Company shall

                                       2
<PAGE>

            promptly reimburse Executive the full amount of any such expenses
            incurred by Executive.

      f.    LLC PROFIT INTEREST. Executive will receive a restricted membership
            interest of 0.25% in Gaming Holdings, or the economic equivalent
            thereof which Gaming Holdings is currently evaluating which may
            include, but not be limited to a "profits only interest," "option,"
            or "phantom stock" (collectively, "Equity"). When Gaming Holdings
            finalizes the Equity arrangement, the parties will amend this
            Agreement so that the Executive shall participate in such program
            substantially in the form previously presented to the Executive.
            Such Equity arrangement shall not provide the Executive with any
            preferential treatment as compared to similarly situated executives
            and such Equity arrangement shall have a vesting schedule similar to
            the other Executives. If Gaming Holdings does not create an Equity
            arrangement, the parties will negotiate in good faith to establish a
            compensation arrangement in lieu of an Equity arrangement, which
            would have the same economic effect to the Executive.

      g.    AUTO ALLOWANCE. During the Term, the Company shall pay Executive an
            auto allowance of Five Hundred Dollars ($500) per month.

5.    TERMINATION. This Agreement shall terminate in accordance with the
following provisions:

      a.    EXPIRATION OF THE TERM. Unless earlier terminated in accordance with
            the provisions hereof, this Agreement shall terminate on expiration
            of the term as provided in Section 2.

      b.    DEATH. If the Executive dies during the Term, this Agreement shall
            terminate, with the Termination Date being the date of the
            Executive's Death.

      c.    DISABILITY. If the Executive has been absent from service to the
            Company as required in this Agreement for a period of ninety (90)
            days or more during any one hundred eighty (180) day period during
            the Term as a result of any physical or mental disability, the
            Company has the right to terminate this Agreement, the Termination
            Date being ten (10) days after notice thereof is given to Executive.

      d.    TERMINATION BY COMPANY FOR CAUSE. The Company has the right to
            terminate this Agreement for Cause as defined herein, such
            termination to be effective immediately upon notice thereof from the
            Company to Executive. For purposes of this Agreement, Cause shall
            mean Executive's: (1) conviction of any felony; (2) embezzlement or
            misappropriation of money or property of the Company; (3) denial,
            rejection, suspension or revocation of any gaming license or permit;
            (4) Executive's material breach of section 6 hereof which material
            breach has an adverse impact on the Company; and (5) Executive quits
            her employment with the Company without Good Reason. Good Reason is
            defined as: (i) the assignment to Executive of duties materially
            inconsistent with her position and title without her consent; or
            (ii) a material reduction in Executive's duties, authorities and
            responsibilities without her consent; or (iii) a reduction by the
            Company in Executive's Base Salary, in effect immediately prior to
            such reduction, without her consent, provided Executive gives the
            Company written notice specifying such assignment or reduction and

                                       3
<PAGE>

            the Company has not cured or abated such assignment or reduction
            within twenty (20) days thereafter.

      e.    TERMINATION BY COMPANY WITHOUT CAUSE OR TERMINATION BY EXECUTIVE
            WITH GOOD REASON OR UPON A CHANGE OF CONTROL. (i) the Company has
            the right to terminate this Agreement without Cause, (ii) the
            Executive has the right to terminate this Agreement for Good Reason
            and (iii) the Executive has the right to terminate this Agreement
            upon a Change of Control by giving the other party written notice
            thereof. In any of these instances, the Company shall provide
            Executive with all the benefits set forth in Section 8(e). For
            purposes of this Agreement, a Change of Control shall be deemed to
            occur only if collectively the Sommer Family Trust and London Clubs
            International, plc, through their affiliates, own less than fifty
            percent (50%) of the membership interests of either Gaming Holdings
            or the Company.

6.    EXECUTIVE'S COVENANTS. The Executive acknowledges that the Company and
Gaming Holdings have a substantial, legitimate and continuing interest in the
protection of their business relationships with others including, without
limitation, current and prospective employees, consultants, advisors, customers,
vendors, suppliers, partners or joint venturers and financing sources, and in
the protection of their Confidential Information and have invested substantial
sums, time and effort and will continue to invest substantial sums, time and
effort to develop, maintain and protect such relationships and Confidential
Information. Accordingly, Executive covenants and agrees as follows:

      a.    CONFIDENTIALLY. During the Term and thereafter, Executive shall keep
            secret and retain in strictest confidence and shall not, without the
            prior written consent of the Company or Gaming Holdings, furnish,
            make available or disclose to any third party or use for the benefit
            of himself or any third party any Confidential Information.
            Confidential Information is information related to or concerning
            Gaming Holdings, the Company and their businesses which is
            confidential, proprietary or not generally known to and cannot be
            readily ascertained through proper means by persons or entities
            (including Gaming Holdings' and the Company's present or future
            competitors), who can obtain any type of value from its disclosure
            or use. Confidential Information includes all secret, confidential
            or proprietary information, knowledge or data specifically relating
            to Gaming Holdings and the Company, such as, without limitation,
            finances and financing methods, sources, proposals or plans;
            operational methods; marketing or development proposals, plans or
            strategies; pricing strategies; business or property acquisition or
            development proposals or plans; new personnel acquisition proposals
            or plans; customer lists and any descriptions or data concerning
            current or prospective customers. While employed by the Company and
            in furtherance of the business and for the benefit of Gaming
            Holdings and the Company, Executive may provide Confidential
            Information as appropriate to attorneys, accountants, financial
            institutions, and other persons or entities engaged in business with
            the Company.

      b.    NON-COMPETITION.

                                       4
<PAGE>

            1)    Executive covenants and agrees that he will not compete with
                  the Company, its affiliates or subsidiaries at any time during
                  the Term, or for one (1) year from the Termination Date upon a
                  Termination by the Company for Cause under Section 5(d)
                  (including Executive quitting without Good Reason under
                  Section 5(d)(5)). Under this paragraph, Executive agrees that
                  he will not, directly or indirectly, whether as employee,
                  owner, partner, agent, director, officer, consultant,
                  independent consultant or stockholder (except as the
                  beneficial owner of not more than 2% of the outstanding shares
                  of a corporation, any of the capital stock of which is listed
                  on any national or regional securities exchange or quoted in
                  the daily listing of over-the-counter market securities and,
                  in each case, in which the Executive does not undertake any
                  management or operational or advisory role) or in any other
                  capacity, for her own account or for the benefit of any other
                  person or entity, establish, engage, work for or be connected
                  in any manner with any person or entity which is, at the time,
                  engaged in a business which is in competition with the
                  business of the Company (or any of its subsidiaries or
                  affiliates); it being understood that for purposes of this
                  Section 6(b), the business of owning, managing, operating or
                  financing a casino or similar gaming activities in Clark
                  County, Nevada, shall be deemed to be business in which the
                  Company is engaged; provided, however, nothing herein
                  prohibits Executive from a working for a competing business
                  outside Clark County, Nevada.

            2)    Notwithstanding anything to the contrary contained herein,
                  Executive shall not be subject to the non-competition
                  provisions of this Agreement, if this Agreement is terminated
                  other than pursuant to the provisions of Section 5(d).

      c.    EMPLOYEES OF THE COMPANY. For one (1) year following the Termination
            Date, Executive shall not, directly or indirectly, solicit, or cause
            others to solicit, for employment by any person or entity other than
            the Company, any employee of the Company.

      d.    PROPERTY OF THE COMPANY. Executive acknowledges and agrees that all
            memoranda, notes, lists, records and other documents or papers,
            including copies thereof, containing or reflecting Confidential
            Information (whether or not such items are kept or stored in
            computer memories, microfiche, hard copy or any other manner) make
            or compiled by Executive or made available to Executive are and
            remain the property of the Company ("Company Property") and shall be
            delivered to the Company promptly upon any termination of this
            Agreement. Under Section 5 hereof, Executive shall retain no copies
            of Company Property following the Termination Date.

      e.    REASONABLENESS AND SEVERABILITY OF COVENANTS. The Executive
            acknowledges and agrees that the Executive's covenants herein are
            necessary for the protection of the Company's legitimate interests,
            are reasonable and valid in duration and geographical scope, and in
            all other respects. If any court determines that any of the
            Executive covenants or any part thereof, is invalid or
            unenforceable, the remainder of the restrictive covenants shall not
            thereby be affected and shall be given full effect without regard to
            the invalid portions.

                                       5
<PAGE>

      f.    BLUE-PENCILLING. If any court determines that any of the Executive's
            covenants, or any part thereof, is unenforceable because of the
            duration or geographical scope of such provision, such court shall
            have the power to reduce the duration or scope of such provision, as
            the case may be, and, in its reduced form, such provision shall then
            be enforceable.

7.    NON-DISPARAGEMENT. Each of the parties agrees that after the Termination
Date, neither shall, publicly or privately, disparage or make any statements
(written or oral) that could impugn the integrity, acumen (business or
otherwise), ethics or business practices of the other, except in each case, to
the extent (but solely to the extent) necessary: (i) in any judicial or arbitral
action to enforce the provisions of this Agreement; or (ii) in connection with
any judicial or administrative proceeding to the extent required by applicable
law.

8.    EFFECT OF TERMINATION. The following provisions shall apply in the event
of the termination of this Agreement as provided in Section 5 above, and neither
party shall have any further liability or obligation to the other, except as
provided herein:

      a.    EXPIRATION OF TERM. Upon expiration of the term under Section 5(a)
            hereof, this agreement shall terminate and be of no further force
            and effect, except as provided in Sections 6(a), 6(c), 6(d), 6(e),
            6(f) and 7; provided that Executive shall be entitled to such
            salary, bonus and benefits then accrued or vested to the Termination
            Date, and any expense reimbursement amounts accrued to the
            Termination Date;

      b.    DEATH. Upon termination of this Agreement as provided in Section
            5(b) hereof, this Agreement shall terminate and be of no further
            force and effect; provided, further, that the Company shall pay to
            Executive's estate any salary, bonus and benefits then accrued or
            vested to the Termination Date, and any expense reimbursement
            amounts accrued to the Termination Date;

      c.    DISABILITY. Upon termination of this Agreement as provided in
            Section 5(c) hereof, this Agreement shall terminate and be of no
            further force and effect, except as provided in Sections 6(a), 6(c),
            6(d), 6(e), 6(f) and 7; provided that Executive shall be entitled to
            such salary, bonus and benefits then accrued or vested to the
            Termination Date, and any expense reimbursement amounts accred to
            the Termination Date;

      d.    TERMINATION PURSUANT TO SECTION 5(d). Upon termination of this
            Agreement as provided in Section 5(d) hereof, this Agreement shall
            terminate and be of no further force and effect, except as provided
            in Sections 6 and 7; provided that Executive shall be entitled to
            such salary, bonus and benefits then accrued or vested to the
            Termination Date, and any expense reimbursement amounts accred to
            the Termination Date;

      e.    TERMINATION PURSUANT TO SECTION 5(e). Upon termination of this
            Agreement as provided in Section 5(e) hereof, this Agreement shall
            terminate and be of no further force and effect, except as provided
            in Sections 6(a), 6(c), 6(d), 6(e), 6(f) and 7; provided, further,
            that Executive shall be entitled to such salary, bonus and benefits
            including but not limited to health benefits and expense
            reimbursements to which Executive would

                                       6
<PAGE>

            have been entitled for the remainder of the three-year term or
            twelve (12) months, whichever is longer, as if there had been no
            earlier termination.

9.    GENERAL PROVISIONS.

      a.    ASSIGNMENT. Neither this Agreement nor any right or interest
            hereunder shall be assignable by the Executive, or the Company or
            Gaming Holdings without prior written consent of the other;
            provided, that (1) in the event of the Executive's Death during the
            Term, the Executive's estate and her heirs, executors,
            administrators, legatees and distributees shall have the rights and
            obligations set forth herein, as provided herein, and (2) nothing
            contained in this Agreement shall limit or restrict the Company's
            ability (A) to merge or consolidate or effect any similar
            transaction with any other entity, irrespective or whether the
            Company is the surviving entity (including a split up, spin off or
            similar type transaction), provided, that one or more of such
            surviving entities shall continue to be bound by the provisions
            hereof binding upon the Company, (B) to assign this Agreement in
            conjunction with a sale of all or substantially all of the Company's
            assets, or (C) an assignment of this Agreement to an affiliate
            controlled by or under common control with the Company. Gaming
            Holdings has the same rights and obligations under this Section as
            the Company.

      b.    BINDING AGREEMENT. Except as otherwise provided in this Agreement,
            this Agreement shall be binding upon, and inure to the benefit of,
            the Executive, Gaming Holdings and the Company and their respective
            heirs, executors, administrators, legatees and distributees,
            successors and permitted assigns. Any such successor of the Company
            or Gaming Holdings shall be deemed substituted for the Company or
            Gaming Holdings under the terms of this Agreement for all purposes.
            As used herein, "successor" shall include any person, firm,
            corporation or other business entity which at any time, whether by
            purchase, merger or otherwise, directly or indirectly acquires all
            or substantially all or the assets or business or the Company or
            Gaming Holdings and supercedes any prior understandings or
            agreements between the parties hereto and Aladdin Holdings, LLC.

      c.    AMENDMENT OF AGREEMENT. This Agreement may not be modified or
            amended except by an instrument in writing signed by the parties
            hereto.

      d.    SEVERABILITY. If, for any reason, any provision of this Agreement is
            determined to be invalid or unenforceable, such invalidity or lack
            of enforceability shall not affect any other provision of this
            Agreement not so determined to be invalid or unenforceable, and each
            such other provision shall, to the full extent consistent with
            applicable law, continue in full force and effect, irrespective of
            such invalid or unenforceable provision. Gaming Holdings has the
            same rights and obligations under this Section as the Company.

      e.    ENTIRE AGREEMENT. This Agreement represents the entire agreement and
            understanding between the Company, Gaming Holdings LLC, and the
            Executive concerning the matters herein and supercede any prior
            understandings or agreements between the parties hereto and Aladdin
            Holdings, LLC.

                                       7
<PAGE>

      f.    INDEMNIFICATION. The Company shall indemnify and hold Executive
            harmless to the full extent permitted by Chapter 86 of the Nevada
            Revised Statutes against costs, expenses, liabilities and losses,
            including reasonable attorney's fees and disbursements of counsel,
            incurred or suffered by him in connection with her service as an
            employee of the company during the Term of this Agreement.

      g.    NOTICES. For the purpose of this Agreement, notices and all other
            communications provided for in this Agreement shall be in writing
            and shall be deemed to have been duly given (1) when delivered, if
            sent by telecopy or by hand, (2) one business day after sending, if
            sent by reputable overnight courier service, such as Federal
            Express, or (3) three business days after being mailed, if sent by
            United States certified or registered mail, return receipt
            requested, postage prepaid. Notices shall be sent by one of the
            methods described above; provided, that any notice sent by telecopy
            shall also be sent by any other method permitted above, Notices
            shall be sent:

                 If to the Executive:          Barbara Falvey
                                               214 Ultra Drive
                                               Henderson, NV 89014

                 If to the Company:            Aladdin Gaming Holdings, LLC
                                               Aladdin Gaming, LLC
                                               831 Pilot Road
                                               Las Vegas, NV 89119
                                               Attn: Richard Goeglein

                 With a copy to:               Aladdin Gaming Holdings, LLC
                                               Aladdin Gaming, LLC
                                               831 Pilot Road
                                               Las Vegas, Nevada 89119
                                               Attn: General Counsel

            or to such other address as either party may have furnished to the
            other in writing in accordance herewith, except that notice of
            change of address shall be effective only upon receipt.

      h.    COUNTERPARTS. This Agreement may be executed in several
            counterparts, each of which shall be deemed to be an original but
            all of which together shall constitute one and the same instrument.
            Gaming Holdings has the same rights and obligations under this
            Section as the Company.

      i.    INDULGENCES, ETC. Neither the failure nor any delay on the part of
            either party to exercise any right, remedy, power or privilege under
            this Agreement shall operate as a waiver thereof, nor shall any
            single or partial exercise of any right, remedy, power or privilege
            preclude any other or further exercise of the same or of any other
            right, remedy, power or privilege, nor shall any waiver of any
            right, remedy, power or privilege with respect to any occurrence be
            construed as a waiver of such right, remedy, power or privilege with
            respect to any other occurrence.

                                       8
<PAGE>

      j.    BINDING ARBITRATION. Except for an action by the company for
            injunctive or other equitable relief, any dispute or controversy
            arising under or in connection to this Employment Agreement shall be
            resolved through binding arbitration, conducted in Las Vegas,
            Nevada, in accordance with the rules of the American Arbitration
            Association. Judgment may be entered on the arbitration award in any
            court of competent jurisdiction.

      k.    HEADINGS. The headings of sections and paragraphs herein are
            included solely for convenience of reference and shall not control
            the meaning or interpretation of any of the provisions of this
            Agreement. Gaming Holdings has the same rights and obligations under
            this Section as the Company.

      l.    NEUTRAL CONSTRUCTION. Each party to this Agreement has had the
            opportunity to retain counsel, and to review and participate in the
            drafting of this Agreement, and, accordingly, the normal rule of
            construction to the effect that any ambiguities are to be resolved
            against the drafting parties will not be employed or used in any
            interpretation of enforcement of this Agreement.

      m.    GAMING LAW. Anything to the contrary herein notwithstanding, the
            parties hereto agree and acknowledge that they are subject to and
            that they shall comply in all respects with the gaming laws of the
            state of Nevada including the Nevada Gaming Control Act and the
            rules and regulations promulgated by the Nevada Gaming Commission
            and the Gaming Control Board. To the extent anything in this
            Agreement is inconsistent with any gaming laws or regulations, the
            gaming laws and regulations shall control.

                  [Remainder of page intentionally left blank.]

                                       9
<PAGE>

      n.    GOVERNING LAW. This Agreement has been executed and delivered in the
            state of Nevada, and its validity, interpretation, performance, and
            enforcement shall be governed by the laws of such state, without
            regard to principles of conflicts of laws.

                                    ALADDIN GAMING, LLC

                                    By: /s/ Richard J. Goeglein
                                       -------------------------------------
                                       Richard J. Goeglein
                                       President and Chief Executive Officer

                                    ALADDIN GAMING HOLDINGS, LLC

                                    By: /s/ Richard J. Goeglein
                                       -------------------------------------
                                       Richard J. Goeglein
                                       President and Chief Executive Officer

                                    EXECUTIVE

                                       /s/ Barbara Falvey
                                       -------------------------------------
                                       Barbara Falvey

                                       10

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