Laughlin River Lodge

Laughlin River Lodge

River Palms in 2008
Location Laughlin, Nevada, U.S.
Address 2700 South Casino Drive
Opening date 1984 (1984)
Theme Rustic lodge
No. of rooms 1,000
Total gaming space 41,000 sq ft (3,800 m2)
Notable restaurants Denny's
Owner Nevada Restaurant Services
Previous names Sam's Town Gold River (1984–1991)
Gold River (1991–1998)
River Palms (1998–2014)
Renovated in 1990, 1998, 1999, 2014
Website laughlinriverlodge.com

Laughlin River Lodge (formerly Sam's Town Gold River, Gold River and River Palms) is a hotel and casino located on the banks of the Colorado River in Laughlin, Nevada. It is owned and operated by Nevada Restaurant Services. The property includes a 41,000 sq ft (3,800 m2) casino and 1,000 hotel rooms in a 25-story tower.[1] 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.[2] It opened in 1984 as Sam's Town Gold River, later shortened to Gold River. A 25-story, 778-room hotel tower was opened on May 22, 1990.[2] It was operated by Boyd Gaming until their contract was ended on March 31, 1991.[3]

Gold River filed for Chapter 11 bankruptcy protection in 1996.[2] 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.[4][5] It was quietly renamed as the River Palms in June 1998 and held a grand opening that October.[6] 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 emerged on March 8, 2010 with most of the company's casinos, including the River Palms.

On May 1, 2013, Tropicana agreed to sell the River Palms for $7 million to M1 Gaming, owner of Boomtown Reno,[7] but the sale never went through.[8] On July 2, 2014, Tropicana agreed to sell the River Palms for $6.75 million to the owners of Dotty's.[9]

References

  1. ↑ "Listing of Financial Statements Square Footage". Nevada Gaming Control Board. Retrieved April 5, 2015.
  2. 1 2 3 Form 10-K (Report). Gold River Hotel & Casino Corp. October 14, 1997. Retrieved March 21, 2012.
  3. ↑ "Laughlin resort may lose permits due to lack of financing". Kingman Daily Miner. Associated Press. January 31, 1991. Retrieved March 21, 2012.
  4. ↑ "Gold River names president and COO". Las Vegas Review-Journal. October 16, 1997. Archived from the original on November 9, 2004. Retrieved March 21, 2012.
  5. ↑ Berns, Dave (September 11, 1997). "Paulson goes for Gold River". Las Vegas Review-Journal. Archived from the original on November 9, 2004. Retrieved March 21, 2012.
  6. ↑ "Gold River now called River Palms". Kingman Daily Miner. July 1, 1998. Retrieved March 21, 2012.
  7. ↑ O'Driscoll, Bill (May 1, 2013). "Boomtown owner to acquire Laughlin hotel-casino". Reno Gazette-Journal. Retrieved May 1, 2013. (subscription required)
  8. ↑ O'Driscoll, Bill (March 8, 2014). "$20M boom: Upgrades mark 50 years of gaming at Boomtown". Reno Gazette-Journal. Retrieved March 9, 2014. (subscription required)
  9. ↑ "Agreement struck to sell River Palms". Laughlin Nevada Times. July 2, 2014. Retrieved July 6, 2014.

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