By Breaking Celebrity News Staff

Olympic hottie Ryan Lochte is continuing to soak up the benefits of his new-found fame and has been partying up a storm in Las Vegas surrounded by beautiful women.

The 28-year-old swimmer slipped into the tiniest white Speedo for some poolside fun at Tao Beach on Friday showing off his killer abs and Breaking Celebrity News has the pictures.

“Ryan was in great spirits and took photos with fans who came up to meet him and gave the ladies quite the show in his white Speedo,” an eyewitness tells Breaking Celebrity News. "He was with fellow gold medalist Cullen Jones and they soaked up the sunshine from a VIP cabana."

Ryan and his teammate Conor Dwyer continued the party into the night, going to LAVO Restaurant where they had stuffed lobster and spaghetti and meatballs before hitting the night life scene.

“Lochte looked relaxed and happy as he made a late night move to the dance floor to show off his dance moves and the packed crowd was eager to join in on the fun,” the insider added.

As Breaking Celebrity News previously reported, the 11-time medalist has his eye on a Hollywood career and has spoken of his desire to be the next Bachelor or appear on Dancing with the Stars. He has also filmed scenes for an upcoming episode of 90210.