Two Way Hard Three | Las Vegas Casino & Design Blog

October 16, 2006

MGM MIRAGE Out of Laughlin

Posted by Hunter

I'm surprised it took this long but the deal is done... MGM MIRAGE is selling its Laughlin assets, acquired through the Mandalay acquisition. They had previously owned the Golden Nugget Laughlin but sold that in 2004.

http://biz.yahoo.com/ap/061016/mgm_casinos_sale.html?.v=4

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Comments

Read archived comments (1 so far)
October 17, 2006 8:34 PM Posted by David

Visitor volumes are way down in Laughlin, so it is surprising to find resorts selling for a much as they are. So what is the strategy behind the buying party?

I think that Laughlin is going to turn into a large "locals" market from large developments across the Colorado River in Bullhead City and Kingman.

I wrote my synopsis at www.vegaslittleblackbook.com