Vegas Advisor: $2.7M deposit seals deal on casino sale
Hawaii News
Vegas Ventures LLC has purchased the Downtown Grand after submitting a $2.7 million deposit following an eight-month receivership.Summary
After an eight-month court-ordered receivership, the Downtown Grand casino has been sold to Vegas Ventures LLC, a Boston-based company. Selected from 45 interested parties, Vegas Ventures placed a $2.7 million earnest money deposit to secure the deal. The purchase price has not been publicly announced. The company plans to assume the existing lease with the current operator to ensure a smooth transition. Court approval for the sale is expected at a hearing later this month. The article also contains unrelated news snippets about renovations at the former Mirage, promotions at Miracle Mile Shops, and information about participating in Nevada football contests from out of state.
(Source：Hawaii News)