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.
Technorati Tags: gaming industry, mgm mirage
Categories: Business of Gaming, MGM Resorts International
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
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