The former 'Girls Next Door' star will replace Kelly Monaco in the 'Peepshow' strip show, which also features former Spice Girl Mel B.
Holly - who recently appeared on hit US talent show 'Dancing with the Stars' - said: "I feel like this is perfect for me. I've always wanted to be in a really classy, sexy burlesque show. It's going to be a blast."
"Being on 'Dancing with the Stars' has given me a lot more confidence. From being on that show, it will definitely help me stick to a really strict workout routine," she added.
Although 'Peepshow' - which opened last month at Las Vegas' Planet Hollywood Resort and Casino - features topless dancers, neither Kelly nor Mel bare their breasts and Holly isn't expected to either.
The production features Mel's character leading another dancer, Bo Peep - which will be played by Holly - from a timid girl to a confident, sensual woman.
The show's creator, choreographer Jerry Mitchell, has previously said of the show: "The art of the tease, mixed with humour, razzle-dazzle, and today's sexy music, with 'Peepshow' these stunning dancers will use their bodies to tell a story."
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