If you've been in Las Vegas long enough, you might remember when Goodtimes Bar & Nightclub was the place to be on a Monday night.

Goodtimes was the original home to a liquor bust that would become a game changer for LGBT nightlife in Las Vegas and quickly became part of a local Las Vegas tradition.

Goodtimes Bar & Nightclub and Escape Lounge were formerly owned by Jeff Kezar, who would eventually turn both locations into LGBT venues.

After a long run and great success, the businesses were eventually sold. Escape Lounge became The Phoenix Bar & Lounge and Goodtimes would continue to operate under new ownership, while still using the Goodtimes brand.

As of late, the 4,500-square-foot venue had been home to Las Vegas' premier Latin night every Saturday and had seen major renovations by its new owners.

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The venue located at 1775 E Tropicana Ave # 1, Las Vegas, NV 89119 had once shared their shopping center with the Liberace Museum, which closed its doors on October 17, 2010.

Goodtimes has confirmed rumors by posting on their Facebook page, "Hello everyone, sorry to inform everyone Goodtimes is closing".

A Facebook event named "Goodbye Goodtimes - Forever" has been created for a farewell event on Wednesday, Dec. 21 with the following description:

“Goodtimes Bar is closing its doors tomorrow permanently.

Whether you went there for Pride Combat events, Slave of the Muse events, all the incarnations of goth nights, Le Salon, or any of the other events that so many of us have hosted over the years, come out tomorrow night to have one final drink in the bar that so many of us have played in, worked in, and met in. We will start at 8pm Wed night, and go until the bar closes its doors for the last time (sometime Thursday). And one last thing, a toast to all of you who have continued to support this bar and the events we have held there!”

It’s rumored that the sudden closure was a direct result of a significant increase in monthly costs.

(What are some of your favorite Goodtimes memories?)