With tourist traffic to Laughlin hiking succor from the pandemic, a resort there could be up for sale.
The New Pioneer, one in all loads of casinos lining the banks of the Colorado River about 100 miles southeast of Las Vegas, is provided for $39 million, as considered on business-property list location LoopNet.
It parts bigger than 400 rooms; the Bumbleberry Flats restaurant, whose menu contains chicken and waffles and bacon meatloaf; and a deepest beach.
Its roof and loads of the rooms had been upgraded, list agent Khaleda Noor of Award Realty Corp. told the Overview-Journal.
Laughlin, a small, unincorporated city everywhere in the river from Arizona, generates a fraction of the client volume and gambling earnings as Las Vegas. The low-key tourist destination has long been identified for being well-liked with retirees who power in, and for offering low-priced rooms, sunshine, originate barren space, and boating and other actions on the Colorado.
Nonetheless, love Las Vegas, tourism plunged in Laughlin after the coronavirus outbreak upended day-to-day lifestyles and has been rebounding as vaccines roll out.
An estimated 117,300 folks visited Laughlin in Would possibly per chance well per chance, and the city generated $48.1 million in gambling earnings that month, up from 82,600 traffic and $33.5 million in gambling earnings in January, according to Las Vegas Conference and Company Authority figures.
New Pioneer owner Ray Koroghli bought the property in 2017, Clark County files level to. He could per chance no longer be reached for observation Wednesday.
The Lowden family’s Archon Corp., historical owner of the Pioneer, as it extinct to be identified, said in a 2010 submitting with the Securities and Alternate Price that the resort-on line casino basically targets “regular, out-of-city customers” who live in central Arizona and Southern California; retirees from the Midwest, Northeast and Canada who creep to the Southwest at some level of the iciness; and locals.
Contact Eli Segall at [email protected] or 702-383-0342. Be conscious @eli_segall on Twitter.