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Nevada Internet casino Regulator Delivers Go-Ahead to be able to SLS Las Vegas Sale

Nevada Internet casino Regulator Delivers Go-Ahead to be able to SLS Las Vegas Sale

Privately-held gaming company Often the Meruelo Team has received concur by the Nevisca Gaming Payment to finish the acquire of the finding it difficult SLS Las Vegas Hotel & Casino.

Big butter jesus started Thursday hearing, Alex Meruelo, Principal of your Meruelo Team, presented video games commissioners along with his plans to the revitalization from the property as well as for its promo as an attractive resort on the northern terminate of the Las Vegas Strip. The actual gaming regulator then okayed the purchase, which is expected to be completed by the end in the month. Typically the Meruelo Cluster plans towards invest as many as $100 , 000, 000 over the after that several years to help renovate as well as upgrade the main SLS.

Remodelling work would likely include room enhancements, swimming pool redesign, and the addition of new slot machines in the casino surface , amongst others. Mr. Meruelo told Nevasca gaming committee Thursday that they can believe they’re able to make the property profitable by upgrading and redesigning them.

Reports currently have emerged that Mr. Meruelo plans towards rebrand typically the SLS and once he obtains it coming from current holder Stockbridge Funds Group. Company representatives explained during yesterday’s hearing that they’ll first learn how well known the SLS brand is before selecting whether a title change is often a necessary part. Continue reading