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Land Resources / News / Nevada
Boomtown 600 acres sold for total of $22.2 million to two separate companies
Source: RGJ.com, by Bill O’Driscoll
November 10, 2011 
The owner of Boomtown Casino and Hotel west of Reno has sold the hotel and casino to a Las Vegas operator and nearly 600 acres, mostly unused, to a Maryland commercial real estate firm. The total price tag announced Thursday: $22.2 million with an additional $3.8 million option for M1 Gaming, a self-styled “boutique” Las Vegas casino management/consulting firm, for adjacent land and 100 percent of the gaming license. “We are very excited about the Boomtown acquisition. We are not only investing in a great casino but also a part of Reno’s history,” Dean DiLullo, president of M1 Gaming, said in a statement. “We look forward to working with the community to further develop Boomtown to its fullest potential.”
Read the complete article from RGJ.com » |
