Feb. 08, 2012--CARSON CITY -- The 650-room Lady Luck hotel-casino in downtown Las Vegas is completely gutted now but with renovations, it should be ready to open in April 2013. It will be renamed the Downtown Grand.

The Nevada Gaming Control Board has recommended approval for Seth Matthew Schorr and partner Jeffrey A. Fine to lease the hotel with 650 slot machines, 32 table games and a race and sports book.

Schorr said the renovation will cost "north of $100 million." The work will retain the bridge between the property's two towers, but it will be encased in glass and provide a view of the Mob Museum.

In the meantime, the partners gained approval from the board for 16 slot machines at the "Mob Bar" in downtown Las Vegas.

It has the decor of a gangster bar in the 1920s. Schorr said it's the type of a speakeasy that a mobster might have frequented.

The board conditioned the license on the partners submitting financial documents 180 days before the Downtown Grand opens.

The state Gaming Commission meets Feb. 23 to take final action on the application.

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