Siegel Group gets preliminary approval to operate slot machines on Mount Charleston


Plans by the Siegel Group to operate 10 slot machines at the Resort on Mount Charleston was so non-controversial, company representatives weren’t required to attend the Gaming Control Board hearing on the matter Thursday.

Gaming regulators took less than two minutes to tentatively approve the plan, which goes to the Nevada Gaming Commission for final approval later this month.

Siegel Group, which owns the downtown Gold Spike casino, several Siegel Suites apartment buildings, and the Barcelona hotel-casino in Las Vegas, acquired the Mount Charleston on Kyle Canyon Road earlier this year for $4 million.

The property was renamed and Siegel planned to improve the hotel’s 64 guest rooms, restaurant and non-gaming amenities.

The hotel was built in the 1980s. Siegel spokesman Michael Crandall said there are no plans to go beyond the 10 slot machines. Gaming regulators said they will require Siegel to have a manager who is licensed as a key employee to oversee the gaming.

Meanwhile, Siegel continued to add to its growing Southern Nevada portfolio this week, acquiring the closed St. Tropez on Harmon Avenue for $10.5 million. The 150-room all-suite hotel sits on four acres across from the Hard Rock.

The two-story property was foreclosed upon several weeks ago. The financing for the purchase was provided by the seller.

Crandall said Siegel hopes to reopen the St. Tropez within the next month and then embark on a remodeling and rebranding effort that would be completed next year. He said a slot machines-only casino would be added at some point.

Siegel Group plans to transform the St. Tropez into a high-end boutique resort, taking advantage of increased development along the Harmon corridor. The company expects to create about 80 jobs through the St. Tropez remodeling.

“We’re in talks with different people and different brands,” Crandall said.

Siegel Group said the St. Tropez could eventually include a restaurant, bar, outdoor event center and a nightclub.

Siegel Group President Stephen Siegel said the St. Tropez will fit within the company’s expanding holdings.

“Its unique layout and irreplaceable location possesses immense upside potential and I am confident that the niche business model we plan on implementing at the location will be an immediate success,” he said.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871.

 

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