LAS VEGAS-The former Holy Cow casino property, one of the smallest casino sites on the Las Vegas Strip at just two acres, changed hands last month for $47 million. The seller, San Francisco-based Rinkai America Inc., acquired the corner property in 1996 for $13 million.
The property occupies the northeast corner of Las Vegas Boulevard and Sahara Avenue. Diagonally across the intersection is land MGM recently acquired for a multibillion-dollar integrated casino resort in partnership with Kerzner International. Across Sahara is the Sahara Hotel & Casino, for which new owners SBE Entertainment Group LLC and Stockbridge Real Estate Funds are planning a major renovation. Across Las Vegas Boulevard and up two blocks is the Stratosphere, the Strip's northernmost casino.
The Holy Cow casino, which contained a microbrewery and a cafe, shut down in 2003. More recently, it was slated for an Ivana Trump-branded condominium tower that never materialized. The seller retained brokers Michael Parks and John Knott with CB Richard Ellis' Global Gaming Group in Las Vegas to sell the property.
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