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Derek and Greg Stevens buy Glitter Gulch, other properties

Last edit: KickedBoar591 on Thursday, 21st April 2016 8:39 am
Last response by Chuckmonster 25th April 12:03pm

This is pretty exciting news. The Stevens brothers reportedly will now own most of that block adjacent to the Las Vegas Club. I'm not in the frame of mind to fantasy book what could possibly be going in here. I mean, I'm still hoping the LVC brings back the sports theme and puts a softball field on the roof.

But dang, if you think of the way The D and even the Golden Gate have refurbished the outside of those buildings, having this entire block is going to be awesome.

BTW, I'm sure Chuck is working on something awesome. I just wanted to get something going.


http://www.prnewswire.com/news-releases/derek-and-greg-stevens-extend-investment-in-downtown-las-vegas-with-acquisition-of-additional-fremont-street-real-estate-300255153.html

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 KickedBoar591 responded on Thursday, 21st April 2016

In my haste, I forgot to mention he bought some property on the other side, too. Taking over La Bayou. Whoa.

 vespajet replied on Thursday, 21st April 2016

I'm thinking that in order to get the Glitter Gulch and Mermaids properties, they had to take La Bayou as well. The only thing that separates La Bayou from the Golden Gate is an alley that is considered to be a public right of way. I'm thinking that La Bayou either reopens in a slightly altered form, including a few table games, as a "break in" casino for new dealers for the Golden Gate and The D or at least is turned into a training facility for dealers.

 Chuckmonster responded on Thursday, 21st April 2016

Always figured they wouldn't build LVC without securing the entirety of the LVC block. I mentioned the Granite Gaming buildings when talking about LVC parcel with Derek at VIMFP last year. He gave me 98% poker face. The 2% that said "we'll see what happens" didn't fully register with me.

Hope they figure out a way to incorporate those old neon signs into the new stuff. I'd really hate to see Vegas Vickie be sent to the pasture. She's beautiful.

Yes, I'm working on VT projects that are keeping me from writing (for now). Thank you for being patient!

 KickedBoar591 replied on Saturday, 23rd April 2016

I was pretty excited when he told you that he was going to take care of the ol' girl. That's awesome.

Thanks for all you do, Chuck. You're the best.

 Chuckmonster replied on Monday, 25th April 2016

Thank you!

 MinVegas responded on Thursday, 21st April 2016

I had heard that Glitter Gulch had a grandfather clause that allowed it to be a strip club, that basically when you shut it down you can't operate a strip club there ever again. Obviously as strip clubs go it gets a lot of money from people who are curious but wouldn't go out of their way to Industrial Road.

I wonder if that wasn't the case, or if it is and Derek wants it gone anyway.

 vespajet replied on Thursday, 21st April 2016

The casinos on Fremont Street have long wanted the strip club to go away and are now getting their wish after all of these years.

 Hyperfocal responded on Thursday, 21st April 2016

It would be funny if Le Bayou was turned into a CVS. Just joking.

I'm really getting excited about the plans for the former Las Vegas Club. Between the things Derek said during his VIMFP interview and the potential now that the whole block can be used, it should be an amazing property. I'm looking forward to a downtown property with a great sportsbook and pool.

Just wish Derek's properties had some good drink specials.

 vespajet replied on Saturday, 23rd April 2016

He doesn't own the whole block....yet. There is a parcel between Mermaids and Girls of Glitter Gulch where a souvenir shop is that is owned by "L'Chaim 24 Fremont PPTY LLC" that is owned by Haim Gabay and Mali Gabay. These same folks also own a parcel (under the name L'Chaim Western Village PPTY LLC) that The D leases as well as the parcel across Fremont Street from The D (which is also a souvenir shop). There will likely be some sort of a deal made with them to either buy the parcel or to lease it or else they'll just get built around.

 levans responded on Thursday, 21st April 2016

That whole side of the street was weird but I didn't mind Glitter Gulch there at all. Never saw issues with people going in and out, never heard of fights and for what it was I liked it when I wandered in there a few times. I too hope the signage stays in place and wonder what it going to go there. Will we be able to raid the interior of Glitter Gulch before it closes? The bar there is pretty nice. LOL

 anawas responded on Friday, 22nd April 2016

I hope the three properties' closures can be staggered. Having a dark LVC is bad enough (though in the last few years, LVC has always been a black hole of sadness).

But closing those three other properties all at once is going to suck the life out of that block, which might hurt Golden Gate.

And that's before I mention the job losses. If Mermaids stays open for a bit, some Bayou workers can shift across the street. And vice versa when Mermaids later closes.

But I'm excited to see what's planned for the new space(s). I've enjoyed exploring all the changes to The D and a modernized Golden Gate. And I've never set foot in any of the 3 properties for sale, so that's no loss to me.

Please, PLEASE keep the Golden Goose and Vegas Vickie signs intact.

 vespajet replied on Friday, 22nd April 2016

The closing date, June 27th, was mentioned in the press release and employees of La Bayou and Mermaids will be offered priority interviews for positions at the Golden Gate and The D.

Something from the PR Newswire release that I have to comment on:

"Over the years, Burnstine and Derek Stevens forged a good working relationship."

Hold on a second, I seem to recall Burnstine filing a lawsuit against The D and the Golden Gate (along with the Golden Nugget, Binion's and Four Queens) a few years ago over their bars.

 Drake responded on Friday, 22nd April 2016

Oh for the love of God don't close Glitter Gulch. Doesn't Fremont Street stand for anything anymore? What next, an Apple store? A Disney store?

 jinx73 replied on Monday, 25th April 2016

I have to say I like Apple stores and Disney stores, but I also completely get your view here and I think you used the right choices in getting your point across. I absolutely do not want to see either store, or for that matter, any more standard corporation then necessary DT. I can deal with the occasional CVS or Walgreens, but for the spots that aren't casinos, I'd prefer to see the types of stores, restaurants and bars there currently are.

 KickedBoar591 responded on Saturday, 23rd April 2016

Is there any chance the Glitter Gulch could become a lounge with gaming? Not topless, but similar to the vibe you get when you walk into the Golden Gate? Maybe a high-limit area ultra lounge, complete with dancing girls?