Happy Thanksgiving from GGB; Newsletter Returns December 4

Moulin Rouge: Here Today, Gone Today (But Coming Back)

GCA Leisure, LLC has announced plans to bring back the historic Moulin Rouge to Las Vegas. To that end, the casino opened for a single day last week to keep the property’s gaming license in play. Moulin Rouge was the first integrated casino in the U.S.

For now, just a trailer with slots

The historic Moulin Rouge casino reopened for one day last week?after a fashion.

A trailer outfitted with slot machines was available for players at the site of the casino, closed since a 2010 fire. The mini-Moulin Rouge was open for a single eight-hour shift. In keeping with Nevada state law, the property must offer gaming in some form every two years to keep its license active.

The resort was built in 1955 and was added to the National Register of Historic Places in 1992. It hosted legendary performers including Sammy Davis Jr., Ella Fitzgerald, Nat “King” Cole, Lionel Hampton, Harry Belafonte, Duke Ellington, Pearl Bailey, Count Basie and Louis Armstrong, who performed on the Strip in that era, but were not welcome to stay there.

GCA Leisure promises to redevelop the Moulin Rouge Resort and Casino, adding online and mobile gaming.

“The Moulin Rouge will be an integral part of the Las Vegas resurgence and Downtown development,” said Robert Pickus, CEO of GCA Leisure. “It will offer a comprehensive, must-see experience in a boutique package — authentic, original and compelling for its history and its future.”

The GCA Leisure team is comprised of casino industry and Wall Street veterans with decades of experience in developing and executing complex projects.

“GCA Leisure has been actively involved in this historic project for more than two and a half years, resolving numerous legal, title and regulatory issues,” said George Dolatly, managing director and general counsel of GCA Leisure. “Now we are honored and well-positioned to bring this project to the next level as we continue to move forward in reviving and modernizing the Moulin Rouge.”The company is currently in discussions with several potential partners for the Moulin Rouge.

“We are excited to invite and welcome entertainment, sports and technology industry leaders who share the vision for this symbol of equality, inclusion and unity,” said Dan Rubino, chairman of GCA Leisure, “and who wish to participate in something extraordinarily positive and compelling.”