Nevada On line casino Regulator Delivers Go-Ahead to SLS Las Vegas Sale

Nevada On line casino Regulator Delivers Go-Ahead to SLS Las Vegas Sale

Privately-held gambling company Typically the Meruelo Group has received dmission by the Nevisca Gaming Commission to complete the acquisition of the battling SLS Sin city Hotel & Casino.

Down Thursday experiencing, Alex Meruelo, Principal of The Meruelo Team, presented video gaming commissioners together with plans with the revitalization in the property and then for its support as an encouraging resort on the northern end of the Vegas Strip. Often the gaming regulator then accredited the business deal, which is expected to be accomplished by the end of your month. The exact Meruelo Group plans that will invest up to $100 mil over the next several years to help renovate and also upgrade the actual SLS.

Reconstruction work would probably include place enhancements, pool redesign, as well as the addition of latest slot machines over the casino ground , among others. Mr. Meruelo told Nevazon gaming committee Thursday which they believe they might make the home profitable by simply upgrading and also redesigning them.

Reports include emerged the fact that Mr. Meruelo plans for you to rebrand the exact SLS after he obtains it by current manager Stockbridge Money Group. Supplier representatives said during yesterday’s hearing that they need to first review how well recognized the SLS brand is normally before searching for whether a identity change can be a necessary action. The SITE LAUNCH SYSTEM name will remain for at least annually, during which the main property’s completely new owner will evaluate whether it should be secured. Continue reading “Nevada On line casino Regulator Delivers Go-Ahead to SLS Las Vegas Sale”