1. Open New Document 200x200px and Fill with #193745.



2. Now we\'re begining to add your text, I use font Dodger Condensed, type VIP and Edit>Rotate the text angle of 45 degree:



Go to Blending Options and set the Gradient Overlay





you can download this gradient from here

Results:



3. Type \'Club\':



Edit>Rotate the text angle of 45 degree, now duplicate the layer. In the bottom layer with text \'Club\' go to Blending Options and Apply Outer Glow:



In duplicated layer go to Blending Options an apply Gradient Overlay:









you can download this gradient from here

Results:



4. Now we\'re giving the final touches, add a 2 stars from Custom Shape Tool (U) and apply Outer Glow from step 3. My Final Results:



Good luck, and be sure to check out our other Photoshop Tutorials!