Gold Spike in Downtown Las Vegas Could Add Casino

Article by : Erik Gibbs Dec 20, 2023

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The Las Vegas Gold Spike, once a modest neighborhood casino and bar, first welcomed patrons in 1976. Fast forward to 2013, and Gold Spike has become one of many properties acquired by the visionary Downtown Project.

In 2014, Gold Spike emerged from its cocoon with a renewed identity, shedding its casino games to transform into a vibrant bar and club. Slot machines, video poker and the strategic dance of table games were replaced by an atmosphere with nightlife energy.

Interestingly, despite the departure of traditional gaming offerings, the new custodians chose to retain the non-restricted Nevada gaming license that had long been associated with Gold Spike.

Today, the former casino, bearing the echoes of its gaming past, stands side by side with the adjacent Oasis Hotel, both awaiting the embrace of a new proprietor. This unique offering, encompassing the tangible remnants of a bygone era and the potential for future transformation, beckons to prospective buyers.

The Gold Spike real estate listing tantalizes potential buyers with a lack of an explicit asking price, yet it unveils a trove of valuable information for those considering the venture. The collective evaluation of the assets stands at $9,723,093, encompassing diverse land parcels that create a 1.52-acre complex .

The seven-story hotel boasts 128 regular rooms, commanding an enticing average daily rate of $159 per night, while the two luxurious suites beckon at $600 per night.

The absence of gaming operations has not diminished the opportunity for a potential owner who can leverage the preserved non-restricted Nevada gaming license, opening a gateway to reimagine and reposition the Gold Spike.

Situated on Fourth Street in downtown Las Vegas, Gold Spike occupies a strategic locale, merely a block away from the renowned Fremont Street Experience, nestled between the Downtown Grand and El Cortez casinos.

In its earlier avatar, Gold Spike was a modest neighborhood casino adorned with a handful of table games and slightly over 100 slot machines.

A prospective owner now stands at the crossroads, with the power to maintain the property’s current state or restore it to its former casino glory.

Slot machines and table games would seamlessly reintegrate into the gaming landscape, presenting an enticing proposition for operators eager to resurrect the gaming allure of Gold Spike.

As Gold Spike underwent a transformative phase, transitioning into a non-gaming property, Kristine Reynolds, the assistant general manager at that time, shared the ambitious vision with Las Vegas Weekly.

Reynolds articulated a multifaceted concept that went beyond traditional paradigms, envisioning Gold Spike as a dynamic co-working environment.

The blueprint included multiple bars, a casual eatery, free Wi-Fi, nightly DJ performances and a fusion of traditional games like billiards in the ‘living room,’ alongside oversized games such as beer pong and Jenga in the breezy-cool backyard space.

Gold Spike aimed to serve as a casual haven for the daytime laptop crowd and seamlessly transform into a vibrant party destination come nightfall.

This vision materialized into a reality upon Gold Spike’s reopening, earning a notable spot on MTV’s Real World for a season. The hotel, still echoing the legacy, offers the coveted “Real World Suite” as a distinctive accommodation option for guests seeking a touch of the show’s glamor.