According to MarketWatch, a group of investors has plans to re-develop the historical Moullin Rouge. There will be a new hotel, convention space and casino built on a budget of almost $1 billion. The site is located on the troubled west side of town so this project could help revitalize the area.
The Moulin Rouge Hotel has an important place in Las Vegas history:
“The Moulin Rouge opened on May 24, 1955, built at a cost of $3.5 million. It was the first integrated hotel casino in Las Vegas, perhaps in the nation. Until that time almost all of the casinos on The Strip were totally segregated—off limits to blacks unless they were the entertainment or labor force.” — Wikipedia