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Laughlin River Lodge

Casino hotel in Nevada, United States

Laughlin River Lodge

Casino hotel in Nevada, United States

FieldValue
nameLaughlin River Lodge
logoLaughlin River Lodge logo.png
logo_size120
imageLaughlin River Lodge.jpg
captionThe property as seen from the Colorado River in 2018
locationLaughlin, Nevada, U.S.
address2700 South Casino Drive
date_opened
themeRustic lodge
rooms1,000
space_gaming41000 sqft
notable_restaurantsNone
ownerRichard Craig Estey
(Nevada Restaurant Services)
names_preSam's Town Gold River (1984–1991)
Gold River (1991–1998)
River Palms (1998–2014)
renovations1990, 1998, 1999, 2014
website

(Nevada Restaurant Services) Gold River (1991–1998) River Palms (1998–2014) The Laughlin River Lodge (formerly Sam's Town Gold River, Gold River and River Palms) is a hotel and casino on the banks of the Colorado River in Laughlin, Nevada. It is owned and operated by Richard Craig Estey (Nevada Restaurant Services). The property includes a 41000 sqft casino and 1,000 hotel rooms in a 25-story tower. The resort has 653 slot machines and a bingo parlor.

History

The River Palms as seen in 2008

The resort was created by Las Vegas real estate developer John Midby. It opened in 1984 as Sam's Town Gold River, later shortened to Gold River. A 25-story, 778-room hotel tower was opened in May 1990, and the gaming facilities were also expanded. Boyd Gaming operated the property until their contract was ended in March 1991.

Gold River filed for Chapter 11 bankruptcy protection in 1996. 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. It was quietly renamed as the River Palms in June 1998 and held a grand opening that October. 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 in March 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 Reno, but the sale never went through. In September 2014, Tropicana sold the River Palms for $6.75 million to Nevada Restaurant Services, and it was renamed as the Laughlin River Lodge.

References

References

  1. (March 6, 2018). "Nonrestricted Square Footage Report". Nevada Gaming Control Board.
  2. (June 30, 2018). "Nonrestricted Count Report". Nevada Gaming Control Board.
  3. (October 14, 1997). "Form 10-K". Gold River Hotel & Casino Corp..
  4. (June 22, 1990). "Sam's Town strikes it rich with new tower". San Bernardino County Sun.
  5. (January 31, 1991). "Laughlin resort may lose permits due to lack of financing". Kingman Daily Miner.
  6. (October 16, 1997). "Gold River names president and COO". Las Vegas Review-Journal.
  7. Berns, Dave. (September 11, 1997). "Paulson goes for Gold River". Las Vegas Review-Journal.
  8. (July 1, 1998). "Gold River now called River Palms". Kingman Daily Miner.
  9. O'Driscoll, Bill. (May 1, 2013). "Boomtown owner to acquire Laughlin hotel-casino". Reno Gazette-Journal.
  10. O'Driscoll, Bill. (March 8, 2014). "$20M boom: Upgrades mark 50 years of gaming at Boomtown". Reno Gazette-Journal.
  11. (July 2, 2014). "Agreement struck to sell River Palms". Laughlin Nevada Times.
  12. Julie Fairman. (September 24, 2014). "It’s official: River Palms is now the Laughlin River Lodge". Mohave Daily News.
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