Misplaced Pages

#608391

29-650: (Redirected from El Cortez Hotel ) El Cortez or El Cortez Hotel may refer to: Places El Cortez (Las Vegas) , also known as El Cortez Hotel and Casino , in Las Vegas, Nevada, opened in 1941 and listed on the National Register of Historic Places (NRHP) El Cortez (Reno) , also known as El Cortez Hotel , in Reno, Nevada, opened in 1931, NRHP-listed El Cortez (San Diego) , also known as El Cortez Hotel ,

58-642: A combined investment of $ 870.1 million, purchased a 25% stake in Fertitta Colony Partners. Colony Capital contributed $ 2.6 billion for a 75% share. The buyout was completed on November 7, 2007. On July 28, 2009, Station Casinos filed for Chapter 11 bankruptcy. Station Casinos' filing listed $ 5.7 billion in assets against $ 6.5 billion in debt. The filing said the company had 510 holders of unsecured and subordinate debt totaling $ 4.4 billion. Station Casinos exited bankruptcy on June 17, 2011, with $ 4 billion less in debt and with creditors putting

87-644: A former hotel in San Diego, California, NRHP-listed Other El Cortez (film) , a film released in 2006, starring Lou Diamond Phillips Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title El Cortez . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=El_Cortez&oldid=1009582415 " Category : Disambiguation pages Hidden categories: Short description

116-545: A long-time feud with the Culinary Workers Union , which represents the majority of resort workers in Las Vegas. The feud began in 2000, when Station purchased the Santa Fe. Workers there had already voted seven years earlier for representation, although a contract was never finalized under the former ownership. When Station took over, it required that all of the property's employees re-apply for their jobs, to

145-516: Is a publicly traded holding company that owns a portion of Station Casinos. The first Station Casinos property, Palace Station , is located in Las Vegas and originally opened as The Casino on July 1, 1976, which is considered the company's founding date. The Casino was renamed the Bingo Palace in 1977. Frank Fertitta Jr. , the founder of Station Casinos, bought a 10-percent stake in

174-475: Is different from Wikidata All article disambiguation pages All disambiguation pages El Cortez (Las Vegas) Marion Hicks and J.C. Grayson built El Cortez, downtown Las Vegas' first major resort, for $ 245,000. El Cortez opened on November 7, 1941. The location at 6th Street and Fremont was originally considered too far from downtown, but it quickly became so profitable that Bugsy Siegel , Meyer Lansky , Gus Greenbaum and Moe Sedway bought

203-434: Is one of the few casinos to have never changed its exterior façade in Las Vegas, retaining the same signage and ranch-themed architecture for over seventy years. Jackie Gaughan's son Michael Gaughan ran the sports and race book in the current casino under the name South Point Race and Sports Book during the late 2000s, but the sports book is now run by Station Casinos . El Cortez has undergone several renovations, with

232-649: The COVID-19 pandemic and never reopened. Station announced in 2022 that it would demolish the properties and sell the land to finance future projects. The demolition was viewed by analysts as a defensive move to prevent future competition from gaming rivals. Station also announced in 2022 that it would close and demolish its Wild Wild West Gambling Hall & Hotel , located in the Las Vegas Valley as well. The site will be redeveloped in connection with adjoining acreage. Station Casinos has been involved in

261-549: The Pavilion Rooms were added after the hotel was purchased by Jackie Gaughan . Another 15-story tower addition was opened in 1984. The 64-room Cabana Suites were completed in the former Ogden House in 2009, bringing the total room count to its current 364. Gaughan, a casino owner and operator since the early 1950s, lived in El Cortez's tower penthouse and was known to be on the casino floor almost daily. The property

290-680: The Texas , located in North Las Vegas . Station shareholders objected to Fertitta branching out into the gaming industry on his own, prompting the company to purchase the Texas in 1995, shortly before its opening. In Henderson, Nevada , Station opened the Sunset Station in 1997, followed by Green Valley Ranch in 2001, the latter in partnership with American Nevada Corporation . Station also purchased several existing properties in

319-399: The locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station Casinos has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. ( Nasdaq :  RRR )

SECTION 10

#1732773302609

348-661: The Las Vegas Valley, including the Santa Fe in 2000, and the Fiesta and Reserve in 2001. Wildfire Gaming is a division of Station that operates small casinos around the Las Vegas Valley. Wildfire-branded casinos are smaller than Station's other properties and lack hotel rooms. The original property, known simply as Wildfire Casino, opened in 2001. Station purchased the 20,000 sq ft (1,900 m ) casino in 2003, and opened additional Wildfire casinos starting in 2008. A 21,000 sq ft (2,000 m ) Wildfire

377-575: The Minneapolis City Council, "in the palm of his hand." These files further allege that Kid Cann was involved with Bugsy Siegel in the running of the El Cortez Hotel and Casino in Las Vegas. John Kell (J. Kell) Houssels Sr. (1895–1979) had originally opened the 59-room hotel and casino before the sale to the major organized crime figures. Houssels purchased the hotel back from Siegel's group in 1946 for $ 766,000. In 1963,

406-473: The NLRB ruled against Station Casinos, finding that the company had committed "extensive coercive and unlawful misconduct" as part of a "carefully crafted corporate strategy intentionally designed at every step to interfere with employees’ free choice" to unionize or not. As part of its ruling, the NLRB also issued a remedial bargaining order, also known as a Cemex bargaining order , which requires an employer that

435-438: The boulevard to the hotel's main entrance on 6th Street. El Cortez is also well known in the casino industry as the most prominent "break-in house" for new table-game dealers to get experience before moving onto bigger properties. The separate hotel in the back, the 100-room Ogden House, has been completely renovated into the 64-suite Cabana Suites . In 2008, Jackie Gaughan sold El Cortez and its properties to Kenny Epstein. Over

464-484: The casino later that year and became its vice president and director. He bought out his partners in 1979, then expanded the casino and renamed it Palace Station in 1984. Nearly a decade later, Fertitta filed to make the Palace Station a public company known as Station Casinos. The stock began trading on May 25, 1993. Fertitta held the position of chairman, but retired from the company that year. Control

493-403: The change "comes after careful consideration and decades of trying to accommodate minors in a property that is focused primarily on gaming and popular casino bars". Since the early 2020s, the El Cortez has had a novelty following online on YouTube and other streaming platforms, as it is one of the few Las Vegas casinos to allow players to stream their live table play to online audiences. In

522-490: The company's 18 casinos back in the hands of the Fertitta family and their partners. The Fertitta brothers agreed to put nearly $ 200 million in the reassembled company and now own 45 percent of its shares. The other new equity owners include the company's main lenders, Deutsche Bank AG, which holds 25 percent; JPMorgan Chase with a 15 percent stake; and former bondholders with an additional 15 percent, according to lawyers on

551-594: The deal. Station Casinos announced on October 13, 2015, that it would return to the stock market with an initial public offering . On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange . In 2016, Station Casinos purchased the Palms Casino Resort for $ 313 million. The company then spent more than $ 600 million on renovations, which failed to restore

580-619: The disagreement of the Culinary Workers Union. The union has since targeted other Station properties over the years in an effort to unionize them. In 2019, the Culinary Workers Union filed 16 unfair labor practice charges with the National Labor Relations Board (NLRB) against Station Casinos, with the union alleging that workers received discriminatory work assignments and were threatened with being fired for supporting unionization. In June 2024,

609-449: The first five floors of the hotel tower. Additional hotel remodeling was underway in 2019. El Cortez includes a restaurant, Siegel's 1941, which features memorabilia from Siegel. In 2021, as part of a $ 25M renovation project, the El Cortez opened up a high-limit room. Effective April 1, 2022, El Cortez became a 21-and-over property, prohibiting minors from all areas including the hotel and restaurants. The property's general manager said

SECTION 20

#1732773302609

638-550: The land was sold. Station opened its Red Rock Resort in 2006. It was built in the Las Vegas community of Summerlin at a cost of $ 925 million, making it Station's most expensive property. On December 4, 2006, Fertitta Colony Partners made a highly leveraged offer to purchase all existing shares at $ 82 per share and take the company private. The partnership consisted of Fertitta III and his brother Lorenzo , along with Colony Capital LLC . The Fertitta brothers, their sister Delise Sartini, and her husband Blake L. Sartini , with

667-513: The latest major remodeling completed in 2006. New carpet, marble flooring, gaming machines, refurbished guest rooms and an upgraded kitchen for the restaurant were added. Although only a block away from the Fremont Street Experience , the hotel is part of the newly created Fremont East section of downtown. It has also created a main entrance off Las Vegas Boulevard (5th Street) by opening a block-long pedestrian walkway from

696-453: The next decade, Epstein and his business partners put more than $ 50 million of renovations into the property. Gaughan continued to live at the casino and still played poker in the poker room until his death on March 12, 2014. As of 2013, it was the oldest continuously operating casino in Las Vegas. In March 2019, El Cortez was closed by police for several hours following a shooting. In 2018, renovation work took place on 73 rooms located on

725-477: The property in 1945 from J. Kell Houssels for $ 600,000. In 1942, FBI documents described Isadore Blumenfeld , alias Kid Cann , as the, "recognized leader of graft and racketeering in Minneapolis ". They added that Blumenfeld was, "known to have corrupted City and County officials... and has been known to harbor criminals of various types." The same files also report that Kid Cann often boasted that he had

754-493: The resort to its former prominence. The Palms was sold to the San Manuel Band of Mission Indians in 2021, for $ 650 million. That year, the company announced that it would proceed with Durango , a long-planned resort in the southwest Las Vegas Valley. It opened at the end of 2023. Several casino properties in the Las Vegas Valley – Texas Station , Fiesta Rancho , and Fiesta Henderson – were closed in 2020 amid

783-618: The summer of 2024, El Cortez will undergo a $ 20 million renovation of its casino, adding a high-limit slot room, two new bars, a new restaurant and a Starbucks coffee shop. The existing casino floor will be renovated, adding 10,000 square feet of casino space. Station Casinos Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South , Nevada , and founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming , Boyd Gaming and Golden Entertainment , dominate

812-525: Was opened in downtown Las Vegas in 2023. It was built on five acres, occupying a portion of the former Castaways Hotel and Casino site, which Station had purchased in 2004. Compared to previous Wildfire casinos, the new location features a more upscale design which will be integrated into existing and future locations. In 2005, there were plans to develop two casinos in Reno: Station Casino Reno and Mount Rose Station . In 2020,

841-562: Was taken over by family members, including his son Frank Fertitta III , who took the position of chairman, president, and chief executive officer. The initial public offering helped finance the company's second Las Vegas property, Boulder Station , which opened in 1994. It is located along Boulder Highway in the eastern Las Vegas Valley . In Missouri, the company also opened the St. Charles riverboat casino in 1994. Meanwhile, Fertitta had begun construction on his own hotel-casino project,

#608391