Lady Luck re-branded as Downtown Grand
Removal of Lady Luck sign signals commencement of property transformation
Fifth Street Gaming CEO, Seth Schorr, who is overseeing the redevelopment and operations of the historic downtown Lady Luck property for property owner, CIM, announces that the property has been renamed Downtown Grand. The removal of the historic Lady Luck (neon) sign marks the commencement of the property’s transformation and redevelopment. Media is invited to observe the final steps in the sign’s removal. Schorr will be on hand for media interviews about the property’s new name.
October 27, 2011
Downtown at Stewart & 3rd
(near Las Vegas Blvd and Stewart)
About Fifth Street Gaming:
Fifth Street Gaming (FSG) is a Las Vegas, Nevada-based casino management company led by CEO Seth Schorr. Founded by Schorr and his partner, Jeffrey Fine, Fifth Street Gaming is comprised of executives from Wynn Resorts, MGM International and the Golden Nugget Corporation. FSG has partnered with CIM Group to redevelop, reprogram, and reopen the former Lady Luck Hotel and Casino. Through affiliates, the principals of Fifth Street Gaming own and operate four Las Vegas gaming locations.
About CIM Group
CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in three primary strategic categories: repositioning and development projects in established and emerging urban areas; well-positioned operating properties in transitional districts; and infrastructure. CIM manages three distinct portfolios, including opportunistic, stabilized and infrastructure funds, each of which are diversified by geography and type of property within that risk profile. Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area and Bethesda, Maryland. For more information, please visit www.cimgroup.com.