Resort-on line casino in Laughlin on the market

With vacationer website traffic to Laughlin climbing again from the pandemic, a resort there is up for sale.

The New Pioneer, a single of many casinos lining the banking companies of the Colorado River about 100 miles southeast of Las Vegas, is on the industry for $39 million, as observed on industrial-home listing web page LoopNet.

It characteristics much more than 400 rooms the Bumbleberry Flats cafe, whose menu features chicken and waffles and bacon meatloaf and a personal seashore.

Its roof and a lot of of the rooms have been upgraded, listing agent Khaleda Noor of Award Realty Corp. instructed the Review-Journal.

Laughlin, a modest, unincorporated city throughout the river from Arizona, generates a fraction of the customer quantity and gambling income as Las Vegas. The small-key vacationer desired destination has extended been recognized for currently being well-known with retirees who travel in, and for supplying low-priced rooms, sunshine, open up desert, and boating and other routines on the Colorado.

Continue to, like Las Vegas, tourism plunged in Laughlin after the coronavirus outbreak upended day-to-day lifetime and has been rebounding as vaccines roll out.

An estimated 117,300 folks visited Laughlin in May perhaps, and the town generated $48.1 million in gambling earnings that thirty day period, up from 82,600 readers and $33.5 million in gambling profits in January, in accordance to Las Vegas Conference and Website visitors Authority figures.

New Pioneer operator Ray Koroghli acquired the assets in 2017, Clark County documents show. He could not be attained for comment Wednesday.

The Lowden family’s Archon Corp., previous proprietor of the Pioneer, as it employed to be acknowledged, stated in a 2010 filing with the Securities and Trade Commission that the resort-on line casino mainly targets “mature, out-of-city customers” who reside in central Arizona and Southern California retirees from the Midwest, Northeast and Canada who journey to the Southwest in the course of the winter and locals.

Contact Eli Segall at [email protected] or 702-383-0342. Stick to @eli_segall on Twitter.

Karen J. Simmons

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