News from July 1, 2014 River Palms was just sold again, this time for 6.75 Million. Read the Details Here
The article below is about the previous attempted sale that fell through.
Update: As of October 14, 2013 the pending sale was terminated. See details here.
The River Palms Hotel and Casino in Laughlin has been sold for a reported $7 million dollars.
Sale of the 1001 room hotel and casino was made to M1 Gaming, based out of Reno, NV. Station Casinos based in Las Vegas had also been interested in the acquiring the property.
M1 gaming is headed by CEO Dean DiLullo, who said "We plan to make a significant investment in the property and in the Laughlin market. We look forward to building a strong team and developing the River Palms to its fullest potential."
Dean DiLullo was formerly Executive Vice President and Chief Operating Officer with Planet Hollywood Resort and Casino in Las Vegas. Before that he was an Executive with Station Casinos for 12 years.
Tropicana Entertainment Inc, which locally also owns the Tropicana Laughlin, will continue to operate the River Palms until the sale is completed. The final transaction is pending Nevada gaming regulators approval, expected sometime this fall.
|The River Palms is located on the banks of the Colorado River on Casino Drive|