I just found that article..

Three long-standing attractions in downtown Las Vegas -- Glitter Gulch, La Bayou and Mermaids -- are calling it quits. The down-market venues along the Fremont Street Experience are set to close June 27.

The properties have been sold to downtown developers Derek and Greg Stevens, who plan to build a new hotel-casino on the block.

http://www.latimes.com/la-tr-las-vegas-mermaids-downtown-closing-20160527-snap-story.html