By
JACQUELYNN D. POWERS PORTRAIT: FRANCIS & FRANCIS
Stephen Crystal has dabbled in many fields--from politics and hospitality to gaming
and technology. To this 42-year-old entrepreneur, the thrill is in creating an enterprise
rather than sticking with any one company for too long. To that end, he has
been a lawyer, political operative (for Michael Dukakis, Gary Hart and Bill Clinton),
hotelier, restaurateur and, most recently, gaming guru. In these endeavors,
Crystal has lived in New York, New Hampshire, Kansas City, Missouri, Washington, D.C., and, as
of 2000, Las Vegas. In the last eight years, he has put his energy into rejuvenating downtown and
Henderson. He is also developing technology that will revolutionize the gaming industry. This is
one man who has his eye on the future of Las Vegas.
Crystal's first foray into gaming happened accidentally, in 1992. As a zoning lawyer in Kansas
City, he was approached about a local land deal by a visiting businessman named Dave Barrick. "It
ended up being the acquisition of a parcel that became the Stations Casino project in Kansas City,"
Stephen recalls. "It was a $500 million project,
which was, at that time, the fourth-largest gaming
project in the country outside Las Vegas. I assisted
in putting together the acquisition of the land and
negotiating a deal with Stations. Then I ended up
assisting Stations in the approval and development
of the project." Ten years later, Barrick and Crystal
became partners in buying six casinos in downtown
Las Vegas from legendary operator Jackie Gaughan.
The properties included the Plaza, Vegas Club,
Gold Spike, Western, Nevada Club and Queen of
Hearts. "These were some of the original properties
in Las Vegas," Stephen says.
The idea behind purchasing these down-ontheir-
luck structures was to...
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