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River Palms Casino In Laughlin Sells For $6.75 Million Cash
The owners of the Dotty’s tavern chain are buying the River Palms casino in Laughlin for $6.75 million in cash.
Tropicana Entertainment plans to lease the property from the new owners for 90 days before fully releasing it to them in September.
Nevada Restaurant Services, the new owners, says it’ll close the casino temporarily for renovations and improvements.
The River Palms features a 25-story tower with more than 1,000 rooms and suites. Tropicana says it has been trying to sell the property for some time and will now focus on its flagship casino, Tropicana Laughlin.
Laughlin has about 7,300 residents on the Nevada side of the Colorado River, which forms the border with Arizona.