Leroy’s set to open 4 new books

July 10, 2001 6:58 AM
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Leroy’s will add four sports books statewide if regulators give their approval this week. The Las Vegas-based operator will take over books at the Pahrump Nugget, Stockman’s in Elko, the Scoreboard in Spring Creek and the Red Garter in Wendover.

The four casinos currently operate their own sports books. The three northern clubs are owned by Full House. The Pahrump casino, which opened in March, is owned by Generation 2000, a local group that also holds a stake in the Hacienda (formerly the Gold Strike) near Lake Mead.

Leroy’s newest books will bring the company’s total to 46 in Nevada, said chief financial officer Tim Lockinger. The move will help to offset the loss of the Mesquite Oasis, which Casablanca and Virgin River owner Randy Black purchased this month. Owned by American Wagering, Leroy’s has dozens of outlets in Las Vegas. Included in its stable are books at the Riviera, Tropicana, San Remo, Four Queens, Lady Luck, Fitzgeralds, the Silver Nugget, Vacation Village, and P.T.’s Mining Co. in Henderson.

The Gaming Control Board is scheduled to hear the request on Wednesday. Financial terms of the deal — in which Leroy’s pays rent based on ticket revenues ”” were not disclosed.

But Lockinger told GamingToday that the company is bullish on its rural investment. “It’s a different kind of action out there. It’s like diversifying the portfolio.’’

American Wagering could use a jump start to its portfolio. Two attempts at being innovators in the game industry failed. One was the Mega$ports activity which offered pari-mutuel sports betting and parlay cards with a major jackpot, and the other was an Internet gaming site located in Australia which ran afoul of Nevada gaming regulators. They have been ordered to dispose of the Australian company.