Gold Dust Casino to reopen in Deadwood this summer
DEADWOOD (AP) -- The Gold Dust Casino is slated to reopen sometime this summer on Main Street in the historic western South Dakota gambling town of Deadwood, after shutting down on New Year's Eve and putting more than 50 people out of work.
A new group of investors wants to make significant renovations to the property that covers half a city block and create between 50 and 75 jobs, new General Manager Peter DeMangus told the Rapid City Journal.
"The most exciting thing is we are going to re-energize this property, get it open and help out Main Street Deadwood," he said. "We're committed to doing some nice renovation projects that, ultimately, will result in the way the Gold Dust was in its glory days."
The remodeling will include new fixtures and furnishings as well as new machines, he said.
The Gold Dust has been operating in Deadwood since gambling was legalized in 1989, but it has changed hands several times in the past six years. In 2009, it was sold in a complex agreement involving separate real estate and casino operations contracts. That agreement included Dunham Co. of Sioux Falls, which closed the casino at the end of last year. At the time, company attorney John Archer said the business had been closed for renovations.
DeMangus, a 20-year veteran of gambling in Las Vegas and Deadwood, declined to name the new investors, though he said some are from outside South Dakota. The City Commission has scheduled a June 3 public hearing on a transfer of the Gold Dust's liquor licenses to Black Diamond Capital LLC.
Records at the South Dakota secretary of state's office list Black Diamond's sole registered representative as Jeffrey Lamont of Aberdeen, who was involved in one of the previous owner's limited liability corporations.
Mayor Chuck Turbiville said the reopening of the casino will fill an empty building in a prime business spot in the historic Black Hills town that was born in an Old West gold rush.
"Anytime you can create that many jobs in a town of 1,300, it's going to have a positive effect on Main Street," he said.