River Palms casino in Laughlin sold for $6.75M

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Updated: 7/07 12:50 pm

LAUGHLIN, Nev. (AP) — The owners of the Dotty's tavern chain are buying the River Palms casino in Laughlin for $6.75 million in cash.

Tropicana Entertainment announced last week that it plans to lease the property from the new owners for 90 days before fully releasing it to the company in September.

The new owners, Nevada Restaurant Services, say they plan to close the casino temporarily for renovations and improvements.

The riverside casino features a 25-story tower and more than 1,000 rooms and suites.

Tropicana Entertainment says it has been trying to sell the property for some time, and plans to focus its efforts in Laughlin on its flagship casino, Tropicana Laughlin.

Laughlin has about 7,300 residents and is located on the Nevada side of the Colorado River, which forms the border with Arizona.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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