LV Revealed
 
 

Las Vegas Casino Sales Prices


This web page is devoted to tracking the sales prices of Las Vegas Casinos. These transactions are listed in reverse chronological order. When the sales take place between private owners the terms of the sale are not always available

Last updated: June 12, 2017

Casino(s)DatePriceNotes
Stratosphere group Pending $781 million plus some stock Pending sale to Golden Entertainment
SLS Pending not disclosed Pending sale to Meruelo Group
Palms Pending $312.5 million Pending sale to Red Rock Resorts
Aliante Casino Pending $380 million Pending sale to Boyd Gaming. It is expected to close in Q3 2016
Cannery and Eastside Cannery Pending est. between $225 and $240 million Pending sale to Boyd Gaming. It is expected to close later in 2016
Tropicana August 20, 2015 $360 million The Tropicana was purchased by Penn National Gaming.
Las Vegas Club August 13, 2015 about $40 million Tamares Gaming sold the Las Vegas Club to the Stevens brothers. It closed on August 19, 2015.
Hooters May 1, 2015 $53.8 million Canyon Capital Advisors agreed to sell Hooters to Trinity Hotel Investments.
Riviera February 27, 2015 $182.5 million The Riviera was purchased by the LVCVA and closed on May 4, 2015.
Cosmopolitan December 19, 2014 $1.73 billion
LVH June 29, 2014 $150-$170 million
Fitzgeralds October 29, 2013 Terms not disclosed The property's name was changed to "The D" and $22 million was spent on the renovation.
M Resort June 1, 2011 $230 million The purchase price goes entirely to an assumption of debt.
Planet Hollywood February 15, 2010 $860 million Price includes assumption of about $550 million in debt.
Fountainebleau January 27, 2010 $156 million
Greek Isles August 18, 2009 $47 million
Treasure Island March 20, 2009 $775 million The sale was for $600 million in cash, $175 million financed.
Tropicana July 2, 2009 $440 million The purchase price goes entirely to an assumption of debt.
Gold Spike February 4, 2008 $21 million
Gold Spike July 23, 2007 $15.6 million
New Frontier May 16, 2007 $1.2 billion A record price. Includes 36 acres at $33 million/acre.
Binion's June 28, 2007 $32 million Purchase price only includes some of the land underneath the casino. Some parcels are owned by others and leased to the casino.
Stratosphere/Arizona Charlie's April 23, 2007 $1.3 billion Sale includes the Stratosphere, two Arizona Charlie's, and the Aquarius in Laughlin.
Sahara March 2, 2007 $300 to $400 million The exact sales price was not disclosed.
South Coast October 24, 2006 $512 million The sale was consumated by dissolving most of Michael Gaughan's shares of Boyd stock.
Tropicana May 19, 2006 $2.75 billion This price includes all the assets of Aztar Corp. This includes four additional casinos besides the Las Vegas Tropicana
Hard Rock May 11, 2006 $770 million
Riviera April 7, 2006 $426.5 million Includes the Riviera Black Hawk, a casino in Colorado.
Golden Nugget February 5, 2005 $295 million About half of the purchase was cash, the other half was assumption of debt.
Plaza/Las Vegas Club/Gold Spike/Western June 5, 2005 $82 million These properties were sold by Jackie Gaughan to Barrick Gaming.
Imperial Palace August 22, 2005 $370 million
Castaways October 1, 2004 $33.7 million Bought as a shuttered property, never reopened.
Mandalay Resort Group June 4, 2004 $7.9 billion This transaction included the purchase of sixteen properties, including five and a half on the Las Vegas Strip.
San Remo August 17, 2004 $74.6 million
Caesars Entertainment July 14, 2004 $9.3 billion This transaction included the purchase of thirteen properties, including four Las Vegas Strip casinos.
Las Vegas Hilton June 18, 2004 $280 million
Horseshoe March 11, 2004 $20 million
Binion's January 23, 2004 $50 million The purchase price is approximate, and almost entirely represents assumed debt.
Golden Nugget January, 23 2004 $215 million
Aladdin June 20, 2003 $635 million
Four Queens April 29, 2003 $20.5 million
Fitzgerald's December 5, 2000 $149 million The transaction included Fitzgerald's casinos in Tunica, MS, Reno, NV, and Black Hawk, CO.
Reserve October 18, 2000 $70 million The price is variable, since at the same time Station sold to Ameristar, former Reserve owner, two properties in Missouri.
Fiesta Casino July 20, 2000 $185 million
Santa Fe June 13, 2000 $205 million
Desert Inn April 27, 2000 $270 million
Mirage Resorts March 7, 2000 $6.7 billion Includes the Mirage, Treasure Island, Bellagio, and non-Las Vegas assets.
Continental November 1999 $65 million This price includes the cost of renovations.
Lady Luck October 6, 1999 $258 million Includes riverboat casinos in Mississippi and Louisiana.
Showboat July 20, 1999 $23.5 million Spun off by Harrah's after purchasing the larger Showboat brand and assets.
Rio August 10, 1998 $880 million
Debbie Reynolds August 07, 1998 $10 million
King 8 July 6, 1998 unknown
Frontier 1998 $167 million