Hugh Hefner to pull the plug on Playboy parties

Washington, Aug 14 : Known for his racy lifestyle and equally saucy girlfriends, Hugh Hefner, will apparently be pulling the plug on his signature 'Playboy Parties,' say reports.

After his recent annual "Midsummer Night's Dream" soiree at the iconic "Girls Next Door," the Playboy mogul will reportedly put an end to his raunchy parties.

If reports are to be believed, Playboy Enterprises has decided that this party and the upcoming annual Halloween party will be the last that the Playboy chief personally throws as a means to cut costs.

A rep form Playboy did not reveal much on the issue and gave misleading answers.

"Who knows what will happen in a year from now?" Fox News quoted the rep, as saying.

However, reports suggests that "Girls Next Door" mansion is still going to be rented out for private parties with companies paying big bucks to spend a few hours amid a little slice of Hollywood history.

ANI