Las Vegas

Fifth Street Gaming to Replace Paragon at OYO After Fake Hotel Listings Scandal

Posted on: August 20, 2026, 11:42h.

Last updated on: August 20, 2026, 11:42h.

Written by

Corey Levitan Corey Levitan joined Casino.org in 2022 after a long career covering Las Vegas. He currently covers entertainment, dining and gaming news in Las Vegas...
Click for more

Key Points

Fifth Street Gaming, which runs the casino at the Downtown Grand, is taking over casino operations at Oyo Hotel & Casino Las Vegas, pending regulatory approval
Previous operator Paragon Gaming stepped away following a scandal involving fake hotel listings and AI-generated marketing materials on booking platforms
Oyo plans to remain fully operational during the transition, while parent entity PRISM has no current plans to sell or demolish the property

Fifth Street Gaming will take over the casino operations at Oyo Hotel & Casino Las Vegas, pending the usual regulatory approvals from Nevada regulators. Casino.org’s Vital Vegas confirmed the story with Fifth Street CEO and co-founder Seth Schorr on Wednesday (Aug. 19).

The Oyo Hotel & Casino Las Vegas opened in the former Hooters Casino Hotel space in September 2019. Since it sits directly adjacent to the A’s stadium construction site (the former Tropicana), its land value is expected to balloon once the stadium opens. (Image: Shutterstock)

Paragon Gaming, the casino’s previous management license holder, decided to step away following a major public relations fiasco in which Oyo used non-existent hotels and AI-generated marketing materials to hide the property’s identity on major travel booking platforms.

Oyo’s notoriously poor user ratings are widely believed to be the motivation.

The fake hotel listings, for Palette and Collection O — both trademarks owned by PRISM — were taken down by the booking platforms after Casino.org and other national media outlets and Las Vegas creators exposed the scheme.

According to Vital Vegas, “nobody’s risking their suitability or gaming license” over the scandal.

Paragon Gaming has operated the casino at Oyo Las Vegas since 2016. The Las Vegas-based company was brought on to manage the gaming operations when the property was still operating as Hooters Casino Hotel, and it stayed on through its rebranding and reopening as Oyo in September 2019.

Oyo’s first tango with trouble was a January 2025 cyberattack that exposed the personal information of about 4,700 casino and hotel guests and employees. The property parent company dismissed Highgate Hotels, a prominent New York hotel management firm, following the incident.

Grand New Owner

Fifth Street, based in Las Vegas, is best known as the company that manages the Downtown Grand Hotel & Casino in downtown Las Vegas.

Though a newly formed Massachusetts company, Vegas Ventures LLC, reportedly agreed this week to purchase the Downtown Grand out of receivership, Fifth Street is expected to stay in place as its casino operator — if the deal receives court and regulatory approval. (Vegas Ventures intends to assume the property’s existing lease.)

Oyo expects to remain fully operational during the next transition, and its parent entity, PRISM, reportedly has no plans to sell or demolish it.

Corey Levitan joined Casino.org in 2022 after a long career covering Las Vegas. He currently covers entertainment, dining and gaming news in Las Vegas.

Corey spent six years covering the Vegas Strip for the Las Vegas Review-Journal, where he also wrote the most popular humor column in the city’s history. (For “Fear and Loafing,” he tried out 176 Vegas jobs, including poker player, blackjack dealer and Follie Bergere dancer.)

Corey has won more than 100 local, state and national awards for his journalism, which has also appeared in Rolling Stone, New York Magazine and the New York Post.

Corey is a New York native whose hobbies include playing guitar, trying to be a better husband, and arguing with strangers on Facebook.

Contact Corey at corey@casino.org.