A hotel-casino with a long history tied to gaming and revitalization in the downtown area is celebrating 10 years in business.

Downtown Grand will honor its 10th anniversary at a New Year’s Eve bash. The property opened in late October 2013, transforming the former Lady Luck Casino years after its closure and signalling changes along Fremont Street after the Great Recession.

The property’s casino history began in the mid-1960s. It opened as the small Lady Luck casino in 1968 and by the late 1980s, it had two hotel towers on the property with 743 rooms. But by 2006 the property had turned south and closed its doors.

Real estate investment firm CIM Group bought the property in 2007. The Southern California-based firm spent “north of $200 million” in acquiring and renovating the building.