River Palms
| River Palms Resort & Casino | |
|---|---|
 | |
| Address | 2700 Casino Drive Laughlin, Nevada, U.S. 89029 |
| Opening date | 1984 |
| Theme | Tropical |
| No. of rooms | 1,000 |
| Total gaming space | 72,000 sq ft (6,700 m2) |
| Notable restaurants | The Lodge |
| Casino type | Land |
| Owner | Tropicana Entertainment |
| Previous names | Sam's Town Gold River Gold River |
| Years renovated | 1999 |
| Website | Official website |
The River Palms Resort & Casino, located in Laughlin, Nevada, United States, is owned and operated by Tropicana Entertainment. The property includes a 72,000 sq ft (6,700 m2) casino and more than 1,000 hotel rooms in a 25-story tower. The resort has approximately 1,100 slot machines, a poker room, and a bingo club.
History
The resort was created by Las Vegas real estate developer John Midby.[1] It opened in 1984 as Sam's Town Gold River, later shortened to Gold River. It was operated by Boyd Gaming until their contract was ended in 1991.[2]
A 25-story, 778-room hotel tower was opened in 1990.[1]
Gold River filed for Chapter 11 bankruptcy protection in 1996.[1] Businessman Allen Paulson took ownership of the reorganized company a year later, having paid an estimated $28 million for the property's $90 million in debt.[3][4] It was renamed as the River Palms Resort Casino the following year.[5] The hotel underwent a major renovation in 1999.
Paulson died in 2000, and Columbia Sussex bought the property from his estate in 2004. After Columbia's gaming businesses went into bankruptcy, Tropicana Entertainment Inc. emerged in 2010 with most of the company's casinos, including the River Palms.
In May 2013, Tropicana agreed to sell the River Palms for $7 million to M1 Gaming, owner of Boomtown Casino & Hotel Reno.[6]
References
- ↑ 1.0 1.1 1.2 Form 10-K (Report). Gold River Hotel & Casino Corp.. 14 October 1997. http://edgar.sec.gov/Archives/edgar/data/845609/0000845609-97-000031.txt. Retrieved 21 March 2012.
- ↑ "Laughlin resort may lose permits due to lack of financing". Kingman Daily Miner. Associated Press. 31 January 1991. Retrieved 21 March 2012.
- ↑ "Gold River names president and COO". Las Vegas Review-Journal. 16 October 1997. Retrieved 21 March 2012.
- ↑ Berns, Dave (11 September 1997). "Paulson goes for Gold River". Las Vegas Review-Journal. Retrieved 21 March 2012.
- ↑ "Gold River now called River Palms". Kingman Daily Miner. 1 July 1998.
- ↑ Bill O'Driscoll (May 1, 2013). "Boomtown owner to acquire Laughlin hotel-casino". Reno Gazette-Journal. Retrieved 2013-05-01.
External links
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