#2950

Derek Stevens

United States 58 years old

Overview

Source of Wealth
Residence

Biography

Derek Stevens is the CEO and majority owner of three casinos in Downtown Las Vegas, The Golden Gate, The D and his crown jewel, Circa.

Stevens, who co-owns these properties with his brother, opened Circa in October 2020 at a cost of $1 billion. It was the first new casino in Downtown Las Vegas since the 1980s.

Born in Grosse Point, Michigan, Stevens is also the CEO of Cold Heading Co., a leading manufacturer and supplier of fasteners for the auto industry that his family started in the early 1900s.

Stevens first bought 50% of The Golden Gate on Fremont Street, which opened in 1906 as Sin City's first hotel and casino. A few years later, he bought the rest.

In 2011, Stevens bought Fitzgerald's, an Irish-themed casino, and completed a 36-story renovation and renamed it The D.

Stevens also owns Circa Sports, a sports betting company that is live across seven states.