Casino pops up for just 8 hours so owner can maintain license
A pop-up casino appeared in downtown Las Vegas for one day. Video by ktnv.comvideo
Las Vegas, NV (KTNV) -- A casino in Las Vegas opened and closed in one day just to keep a nearly 60-year-old gaming license.
It happened Tuesday at the corner of Bonanza and H Street, better known as the site of the former Moulin Rouge Hotel and Casino.
The temporary Moulin Rouge Casino set up shop inside a 40-foot trailer for only eight hours of gambling.
Olympic Coast Investments owns the 15.5 acre property where the historic hotel used to stand, and the property has maintained its highly-coveted non-restricted gaming license since 1955.
To do that, the Nevada Gaming Board and Commission requires non-restricted gaming to take place on the property at least once every two years.
The property has been on the market for $19 million but most of that value is in the non-restricted license. With non-restricted licenses, you do not have a requirement to build a large hotel on the property -- just a casino or entertainment venue.
Although the goal of the one-day event is not to make money, property owners say it was nice to see people come in and reminisce about what the Moulin Rouge once was- the first desegregated hotel in Las Vegas and a place where Sammy Davis Jr. and Louis Armstrong could be seen entertaining into the early hours of the morning.
Olympic Coast Investments hopes that one day, the Moulin Rouge will return in full glory and they expect the property to sell soon.