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Thursday, August 24, 2006

Buyer Emerges for North Las Vegas Casinos

As reported by the Las Vegas Business Press: "A local real estate investor
has emerged as the potential buyer of two gaming-designated properties in
the North Las Vegas redevelopment area. "Jeffrey Fine, son of local
developer Mark Fine, has reportedly entered into a contract to purchase the
Mahoney's Silver Nugget casino and the adjoining RV park along with the
Opera House Saloon & Casino. All three properties cover 20 acres with
frontage along North Las Vegas Boulevard. "NLV Mayor Michael Montandon
acknowledged that the contracts were in place, but he has not heard any
plans the new owner has for the property. ".In addition to the pending
gaming sale, seven acres behind the Silver Nugget was recently purchased by
an investment group led by Fine's uncle, Brian Greenspun, publisher of the
Las Vegas Sun. On May 16, G.C."

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