The price for the iconic casino has not been disclosed
MGM Resorts to sell historic Nevada casino
2014-09-09
Reading time 30 seg
(US).- MGM Resorts International is selling a Henderson casino that was built before the Hoover Dam and contains a vault that once guarded wages for the project’s construction workers. The casino company announced Friday that it would sell the 83-year-old Railroad Pass property to Henderson-based First Federal Realty. The new owners say they plan to keep all current employees.
Railroad Pass is located near Boulder City and opened in 1931 as a casino and dance hall. Its operator received the fourth gambling license in U.S. history to run the casino, and the mayor of Las Vegas granted Railroad Pass permission to operate a single roulette wheel.
MGM and First Federal Realty did not disclose the sale price for the 120-room hotel. The deal is contingent upon regulatory approvals.
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