Why this history matters
Its history shows why a casino’s sign does not tell the whole ownership story. Building owners, license holders, managers, and investors could be different people, and city officials wanted to know who actually controlled the games.
A new casino inside an older hotel
The Apache Hotel opened in 1932 with lodging, food service, gambling, and basement entertainment space. The later Rex occupied street-level premises commonly identified as 128 Fremont Street, near Second Street.
Other records use 124 Fremont or the broader Apache address for parts of the same property. These differences reflect a building with multiple commercial spaces and should not automatically be read as several separate Rex casinos.
Before the Rex, the building had already housed Apache, Western, and New Western casino phases. That established location gave a new operator access to downtown foot traffic and hotel surroundings without constructing a resort from the ground up.
Why the S.S. Rex name mattered
Tony Cornero had operated the offshore S.S. Rex in Southern California. Bringing its name to Las Vegas linked a new land-based casino with an already familiar gambling identity.
The branding can create a serious historical confusion. The ship’s large gaming inventory, passenger capacity, and chip issues belong to the vessel. They are not evidence for the number of tables, machines, or customers in the much smaller Fremont Street room.
The Nevada Historical Society account places planning and licensing negotiations in late 1944, while the specialist operating chronology dates the S.S. Rex Club opening to March 3, 1945. Those dates concern different steps in establishing the business rather than necessarily contradicting one another.
The city asks who is really in control
The casino was in a building associated with P. O. Silvagni. When his application came before the city commission in 1944, officials questioned who would run the room and initially rejected it by a three-to-two vote, according to the Nevada Historical Society reconstruction.
Two weeks later the application was approved after Silvagni reassured commissioners. The controversy did not end there. Later accusations that he was still cooperating with Cornero placed the license under renewed pressure and helped drive changes in the operating arrangement.
Nevada’s 1945 gaming legislation also required applicants to identify direct and indirect interests in a gambling business. The regulatory concern therefore extended beyond the person publicly named on a license to the financial and operating relationships behind it.
Those disputes do not prove that every person mentioned by suspicious officials held a hidden share. In particular, references to Bugsy Siegel or alleged gunplay should not become an invented ownership percentage or a specific shooting unsupported by the surviving records.
Several operators in little more than a year
The Fuller Index chronology reproduced in specialist research places Cornero and associates in the first S.S. Rex phase from March to June 1945, followed by Silvagni and then Guy McAfee. McAfee’s phase runs from July 1945 into February 1946.
In February 1946 the name appears as Rex Club under Dr. Bernstein, whose first name varies between accounts. By May, Moe Sedway was publicly associated with management, and the Rex name ended around June.
A September 1945 directory advertisement reported in a collectors’ history describes a Frontier Club ownership or management connection and supervision by Ted Shorie. This illustrates the difficulty of treating each public name as a simple, exclusive transfer of the whole property.
The broad sequence is clear even while exact legal interests remain unresolved: this was a rapidly changing casino operating under official scrutiny. The building remained in place as leases, managers, licenses, and signs changed around it.
Matchbooks, payroll, and separate chip issues
A Rex Club matchbook recorded in specialist literature preserves the Bernstein and Sedway associations. Small advertising objects can be especially useful for a casino that existed under a particular name for only a few months.
Collector indexes distinguish a land-based S.S. Rex issue, N0668, from a Rex Club issue, N2051, at the Fremont address. Reported examples of the latter appear in several colors, but those colors do not establish denominations or manufacturers without inspected markings and supporting documentation.
A reproduced May 1945 payroll record identifies Israel Alderman in a pit-man entry at twenty-five dollars a night. The record is evidence of an accounting entry and role; it does not prove every detail of daily attendance or the broader stories later attached to the employee.
The earlier Apache Casino chip order and the offshore S.S. Rex’s chips remain separate material. Sharing a building or a name does not make an object interchangeable with a Rex Club issue.
From Rex to Eldorado and Horseshoe
The short Rex Club phase ended around June 1946. The Eldorado Club followed at the property in 1947, with Clover and Horseshoe/Binion’s phases later continuing the address’s gambling history.
That continuity is physical more than corporate. A visitor may encounter one building frontage while the history behind it contains a succession of owners, tenants, and gaming businesses. The Rex belongs in that sequence as a distinct postwar episode.
Its legacy is the view it provides of an unsettled industry becoming more closely regulated. The famous names attract attention, but the deeper story concerns control: who owned the building, who financed the room, who managed the games, and what the licensing authorities could establish.
The story in time
- 1932
The Apache Hotel opens.
- Late 1944
City officials debate the proposed casino’s license and control.
- March 3, 1945
The specialist chronology dates the S.S. Rex Club opening.
- Summer 1945
Successive Cornero, Silvagni, and McAfee operating phases are recorded.
- February 1946
The Rex Club name appears under Bernstein.
- May–June 1946
Sedway is associated with the final short Rex phase.
- 1947
The Eldorado Club becomes the next major casino phase at the address.
Sources & further reading
The numbered links in each chapter point to the supporting material below. The wider bibliography also includes archival collections and specialist references. Historical uncertainty is explained where it affects the story; a source link does not grant permission to reproduce its images.
Start with these sources
Casino Chip & Gaming Token Collectors Club — Apache Hotel history PDFOver50Vegas — Rex Club / S.S. Rex, 128 FremontNevada Historical Society Quarterly, Spring 1991Nevada Legislature — 1945 Statutes, Chapter 248 / Senate Bill 142Casino Chip & Token Collectors Club — Fremont Street PDFChris' Casino Chips — Nevada index- Research sourceCasino Chip & Gaming Token Collectors Club — Apache Hotel history PDF
- Research sourceOver50Vegas — Rex Club / S.S. Rex, 128 Fremont
- Research sourceChipGuide — Nevada land-based casino index
- Research sourceThe Historic Las Vegas Project — Binion’s property lineage
- Research sourceNevada Historical Society Quarterly, Spring 1991
- Research sourceNevada Magazine / The Magazine of the Real West, Jan.−Feb. 1991
- Research sourceCasino Chip & Token Collectors Club — Fremont Street PDF
- Research sourceVintage Las Vegas — Apache Hotel & S.S. Rex Club, 1945
- Research sourceUniversity of New Mexico Press — Bugsy's Shadow
- Research sourceNevada Legislature — 1945 Statutes, Chapter 248 / Senate Bill 142
- Research sourceUNLV — Guide to the Las Vegas City Commission Records
- Research sourceChris' Casino Chips — Nevada index
- Research sourceSpinettis Gaming — historic chip listings
- Research sourceDick Bartley Casino Chips
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