Search
 

MGM Mirage Selling Primm Properties for $400M

LAS VEGAS-Focused on its $7-billion CityCenter development here, the casino-resort operator agrees to sell its three properties in Primm, NV, 40 miles to the south.

By Brian K. Miller | Updated on November 01, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-MGM Mirage has agreed to sell all three of its casino-resorts in the Primm Valley to “Terrible’s” casinos operator Herbst Gaming Inc. for $400 million. The Primm Valley is located 40 miles south of Las Vegas on the California border.

MGM Mirage’s Primm Valley Resorts portfolio consists of the Buffalo Bill’s, Primm Valley and Whiskey Pete’s hotel-casinos. Together, the group totals 2,644 guest rooms, 136,000 sf of casino space, three gas stations and a convenience store on 143 acres. Not included in the deal is MGM Mirage’s Primm Valley Golf Club.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.