Rob Woodson, of United Coin, told members of the state Gaming Control Board on Wednesday that Moulin Rouge property owner Olympic Coast Investment was negotiating with an unnamed New York company to acquire the site at Bonanza Road between Martin Luther King Boulevard and H Street. Woodson said the deal is expected to close within four to eight months.
In the meantime, Woodson is seeking permission from state regulators to operate a temporary casino site in a tent on the property on June 19. In order to maintain the site for potential development of a gaming operation, city ordinances require that casino gambling occur there for at least eight hours every two years. United Coin is involved because one of its specialties is to set up temporary casino sites in tents to preserve gaming licenses.
Although the historic building is gone, the site’s unrestricted gaming license is valuable because it carries the grandfathered right to offer more than 15 slot machines without having a hotel on the property.
After hearing Woodson's request, Gaming Control Board members voted unanimously to recommend that it be approved by the Nevada Gaming Commission. The commission is expected to consider the request at its May 17 meeting.
