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 1, 2011
| Casino(s) | Date | Price | Notes |
|---|
| 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 |
price not disclosed |
This is a tough one, since Tamares was the landlord of the casinos
when they were purchased by Barrick Gaming, plus both were privately
held entities. |
| 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 |
|
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