The Las Vegas Club, a fixture in Downtown Las Vegas, was purchased by Derek and Greg Stevens last week. The Stevens brothers already own the Golden Gate, across Fremont Street from the Las Vegas Club, and D Las Vegas, the former Fitzgeralds, several blocks east.
The Las Vegas Club was owned by the Tamares Group, which also owns the Plaza hotel at the foot of Fremont Street. Jonathan Jossel, CEO of the Plaza, says it will allow the company to concentrate on the operation of that hotel.
“Tamares and PlayLV will focus their efforts on their signature downtown property, the Plaza Hotel & Casino, and we look forward to welcoming many members of the Las Vegas Club staff to the Plaza team in the coming weeks. In the interim, until closure of the Las Vegas Club for renovations by its new owner, PlayLV will continue to run the day-to-day operations of the Las Vegas Club. We are excited by the opportunities this sale creates for Tamares and PlayLV, and that the new owner shares our commitment to the Fremont Street area and the continued growth of downtown Las Vegas,” Jossel said in a statement.
Tamares had announced a deal to open a liquor store in the Las Vegas Club, a move opposed by the board of the Fremont Street Experience, the local casino organization, which includes Stevens. Packaged liquor has been a problem for years in Downtown, an public area with lots of outdoor activities.
VegasInc reports the sale price was $40 million.
