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Fitzgeralds owner Derek Stevens said he bought the casino last year with the intention of changing its name and sprucing things up to make it a hotter spot.
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updated 3/13/2012 6:53:01 PM ET 2012-03-13T22:53:01

The Fitzgeralds hotel-casino in downtown Las Vegas is planning to rename itself the D Las Vegas and spend $15 million to renovate while it remains open.

Casino owner Derek Stevens said Tuesday that he bought the casino last year with the intention of changing its name and sprucing things up to make it a hotter spot.

"I really didn't want to buy the hotel to maintain the (current) hotel," Stevens told The Associated Press.

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Stevens, who also owns the majority of the nearby Golden Gate casino, said Fitzgeralds was a licensed name and he wanted something that wasn't associated with any other property.

The "D" in the name stands for "downtown," Stevens said, but it's also an homage to his hometown of Detroit and an acknowledgement of his own nickname.

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The property includes nearly 640 hotel rooms and a casino with two levels. It was previously owned by Don Barden, the first black casino owner in Sin City.

Fitzgeralds' giant neon "F" signs have come down from the tallest building in downtown Las Vegas, and a wrap noting the new name was expected to be installed in the coming days, Stevens said.

The renovations will come two floors at a time, officials said, and the casino will be split with one level decorated in a contemporary style and the upper level serving as a throwback to Vegas' old days.

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Stevens said he wants to position the casino as part of revitalization efforts downtown, with a performing arts center and new city hall recently opening, and high-tech retailer Zappos.com planning to move downtown.

"We're part of this whole resurgence," Stevens said.

Gambling revenue in downtown Las Vegas rose less than 1 percent to $496.7 million in 2011, though it climbed 3.5 percent overall in Clark County. Gambling revenue in downtown was $47 million in January, up 13.7 percent compared with the same month one year ago.

Oskar Garcia can be reached at http://twitter.com/oskargarcia .

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos: Welcome to Vegas

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  1. Welcome to Las Vegas

    The Bellagio's fountain show entertains visitors nightly. In the background is Bally's Las Vegas, left, and Paris Las Vegas, which has a 50-story Eiffel Tower replica in front. Over 37.5 million people visit Las Vegas each year. (Ethan Miller / Getty Images) Back to slideshow navigation
  2. Fremont Street Experience

    Located in downtown Las Vegas, this exciting pedestrian promenade is home to approximately 16 million lights, making it one of the largest LED screens in the world. (Brian Jones / Las Vegas News Bureau) Back to slideshow navigation
  3. Looking for Lady Luck

    Casion visitors play slot machines at the Mirage Hotel & Casino in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  4. Dunking Elvis

    An Elvis impersonator performs a slam dunk during the 2007 NBA All-Star Game on February 18, 2007, at Thomas & Mack Center in Las Vegas. (Jesse D. Garrabrant / NBAEGetty Images) Back to slideshow navigation
  5. Grand casinos

    Lights from passing vehicles are seen in front of the MGM Grand Hotel/Casino in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  6. Poker face

    Jamie Gold, right, of California and Paul Wasicka of Colorado go head-to-head on the final table of the World Series of Poker no-limit Texas Hold 'em main event at the Rio Hotel & Casino on Aug. 11, 2006, in Las Vegas. Gold outlasted more than 8,700 other poker players to win the top prize of $12 million. Wasicka won just over $6.1 million for finishing second. (Ethan Miller / Getty Images) Back to slideshow navigation
  7. Glitz and glamour

    A Canon display is seen inside the Las Vegas Convention Center at the Consumer Electronics Show. Las Vegas is the nation's top business travel destination, with easy airline access, numerous hotel rooms, low rates, plentiful convention facilities and a wide range of dining and entertainment options. (Karl Polverino / Zuma Press) Back to slideshow navigation
  8. Over-the-top entertainment

    Performers ride a Volkswagen Beetle across the stage during a preview of "The Beatles LOVE by Cirque du Soleil" at the Mirage Hotel & Casino on June 27, 2006, in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  9. A New York minute

    The New York-New York Hotel & Casino in Las Vegas recreates the Manhattan skyline, complete with replicas of the Statue of Liberty, Empire State Building and Brooklyn Bridge. (Courtesy of MGM MIRAGE) Back to slideshow navigation
  10. Entertainment mecca

    Kenny Chesney performs "Out Last Night" at the 44th Annual Academy of Country Music Awards in Las Vegas on April 5, 2009. (Mark J. Terrill / AP) Back to slideshow navigation
  11. Tying the knot

    From left, Elvis Presley impersonator Norm Jones plays guitar as Bruce Barnett of Virginia Beach, Va., escorts his daughter Gayle to her wedding ceremony at the Graceland Wedding Chapel in Las Vegas, Nevada. Graceland is the oldest wedding chapel in Las Vegas and offers ceremonies with or without Elvis impersonators. (David Mcnew / Getty Images) Back to slideshow navigation
  12. Explosive attraction

    The $25 million, newly redesigned volcano display in front of the Mirage Hotel & Casino features 150 choreographed FireShooters sending fireballs more than 12 feet in the air and a custom soundtrack created by Grateful Dead drummer Mickey Hart and Indian tabla virtuoso Zakir Hussain. (Ethan Miller / Getty Images for MGM Mirage) Back to slideshow navigation
  13. A night on the Strip

    Hotels and casinos line the Las Vegas Strip. From thrilling roller coasters to erupting volcanos to art museums, Las Vegas' many attractions appeal to people of all ages and interests. (Ethan Miller / Getty Images) Back to slideshow navigation
  14. Fight night

    David Diaz and Manny Pacquiao fight during the fourth round of the WBC Lightweight Championship at the Mandalay Bay Events Center on June 28, 2008, in Las Vegas. Pacquiao won in a ninth-round knockout. (Harry How / Getty Images) Back to slideshow navigation
  15. Day at the races

    Rookie driver Shawn Langdon earned his first No. 1 qualifying position of his career at the SummitRacing.com NHRA Nationals at the Las Vegas Motor Speedway on April 4, 2009, in Las Vegas. (Richard Wong / NHRA via AP) Back to slideshow navigation
  16. Fabulous shopping

    The Juicy Couture retail store at The Forum Shops at Caesars Palace is seen before the grand opening February 5, 2009, in Las Vegas. (Ethan Miller / Getty Images for Juicy Couture) Back to slideshow navigation
  17. Stunning shows

    Buyi Zama as “Rafiki” in the opening number “The Circle of Life” from THE LION KING Las Vegas. (Joan Marcus / Disney) Back to slideshow navigation
  18. A slice of Italy

    Visitors take a gondola ride at The Venetian in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  19. Get into the groove

    Dina Buell, left, and Carla Giordano, both from California, dance at the pool at the Hard Rock Hotel & Casino during Rehab, the resort's weekly pool party, in 2005 in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  20. Let’s get this party started

    Party goers gather for the grand opening of LAX Nightclub Las Vegas in 2007. (Chris Weeks / WireImage) Back to slideshow navigation
  21. Big laughs

    Comedian Ellen DeGeneres performs at a taping of ''Ellen's Even Bigger Really Big Show'' during The Comedy Festival at The Colosseum at Caesars Palace in 2008 in Las Vegas. (Ethan Miller / Getty Images) Back to slideshow navigation
  22. A kingly stay

    The Excalibur Hotel and Casino features a castle motif with newly refurbished hotel rooms. (Courtesy of MGM MIRAGE) Back to slideshow navigation
  23. A dancing fountain

    Visitors are silhouetted against the backdrop of The Bellagio's fountain show on the Las Vegas Strip. (Ethan Miller / Getty Images) Back to slideshow navigation
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