On July 23, 2007, Greg Covin bought the property for $15.6 million with the intention of turning it into a boutique hotel. Remodeling of the bar after its purchase by Hsieh In a few years the property was offered for sale. After the purchase, management discontinued the table games and only offered slot machines. īarrick Gaming Corp was in partnership with Tamares Group. This sale, along with several other downtown Las Vegas hotel/casinos, was completed in 2004, for a combined total of about $82 million. On December 6, 2002, Jackie Gaughan agreed to sell the Gold Spike and three other casinos to Barrick Gaming. The Gold Spike, for many years, was known as an inexpensive downtown Las Vegas hotel with decent rooms, limited amenities, and a decent sized casino. In 1983 Jackie Gaughan purchased the property after it had been closed for several months.

It originally opened in 1976 as the 112-room Rendezvous, owned by the 76 Corporation. The hotel portion of the building was recently converted into permanent and temporary workforce housing for Downtown Project, entrepreneurs, and Zappos Oasis hotel is a separate building on the same property. After a three-week remodel, Gold Spike re-opened the casino as a restaurant and bar on May 6, 2013.

Hsieh closed the casino on April 14, 2013. It was owned by entrepreneur Tony Hsieh and his Downtown Project, having bought it from The Siegel Group and the casino was operated by Golden Gaming. It is connected with the Oasis at the Gold Spike, a 50-room three floor hotel located in downtown Las Vegas. Gold Spike (formerly Gold Spike Hotel & Casino) is a bar, lounge, residential building, and former boutique 112-room, seven floor hotel.

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