HOT Stories more

Gaming Commission sued over WYNN casino license

Article

River Palms Casino to close temporarily in September

July 17, 2014 9:01 AM by Staff & Wire Reports

River Palms Casino to close temporarily in September Tropicana Entertainment Inc. announced its $6.75 million cash sale of River Palms Casino included an immediate lease back transaction with Laughlin Hotel, LLC and Nevada Restaurant Services, Inc., the new owners.

Concurrently with the execution and closing of the asset purchase agreement,  CP Laughlin, a subsidiary of Tropicana Entertainment, leased back River Palms for a period of up to ninety (90) days, subject to an additional thirty (30) day extension, and further subject to earlier termination rights. Tropicana intends to terminate the lease and discontinue its operation of River Palms in September 2014.

“We are pleased to announce this transaction today,” said Tony Rodio, president and chief executive officer for Tropicana. “We have had River Palms on the market for some time and upon the closing of this transaction and the discontinuance of our operation of River Palms in September 2014, we will be able to focus our Laughlin efforts exclusively on our flagship property – Tropicana Laughlin.”

Craig Estey, president of Nevada Restaurant Services said, “Nevada Restaurant Services is excited about the opportunity to operate the River Palms in the Laughlin market and looks forward to re-opening the facility quickly after a temporary closure while renovations and improvements are made to the property.”

Tropicana is a publicly traded company that, through its subsidiaries, owns and operates eight casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey and Aruba. It is not associated with the Tropicana Hotel Casino in Las Vegas.

In light of the September 3, 2014 closure, the company said, all customers at River Palms who are Trop Advantage club members and have earned benefits and rewards will be able to enjoy their rewards at Tropicana Laughlin Hotel & Casino. All benefits and rewards will be honored immediately.

Contact us at Publisher@GamingToday.com.

Like GamingToday on Facebook GamingToday on Facebook      and        Follow GamingToday on Twitter GamingToday on Twitter

GT Football Special

top stories

Wynn Resorts is redesigning its proposed $1.6 billion resort casino in Everett. The updates were part of Wynn’s first status report to state regulators since besting Mohegan Sun for the lucrative Boston-area casino license last month.

Bob Christ’s breakdown of Pro Football Week 8 | Teams such as the Buccaneers that lose by 30-plus points the week before a bye, have come back strong their next game, going 8-0-1 ATS the past six seasons.

NCAA Football Betting Primer | The story of two teams heading in opposite directions as the Buckeyes have won four straight contests by the staggering average of 38.7 points per game, while the Nittany Lions have dropped their last two outings.

Trump Entertainment Resorts is dropping its threat to close Atlantic City’s Taj Mahal casino on Nov. 13. The company said it still cannot guarantee the Taj Mahal won’t close by the end of the year, but said it will remain open throughout November.

Bob Christ’s Thursday NFL Football Breakdown | When Denver plays host to San Diego on Thursday night in Week 8, Denver QB Peyton Manning will be going against one of the few teams that packs kryptonite when it faces the record-setting quarterback.

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology

GamingToday subscription