Nevada Online casino Regulator Allows Go-Ahead in order to SLS Sin city Sale
Privately-held video gaming company Often the Meruelo Cluster has received approval by the Nevasca Gaming Commission payment to complete the purchase of the having difficulties SLS Vegas Hotel & Casino.
Within a Thursday hearing, Alex Meruelo, Principal of The Meruelo Class, presented video gaming commissioners together with plans with the revitalization of your property for its promotional tool as an appealing resort located on the northern stop of the Nevada Strip. The particular gaming regulator then permitted the transaction, which is to be able to be concluded by the end with the month. The particular Meruelo Collection plans towards invest nearly $100 trillion over the up coming several years that will renovate as well as upgrade often the SLS.
Remodel work will include room enhancements, swimming redesign, along with the addition of latest slot machines to the casino floorboards , amongst others. Mr. Meruelo told Nevisca gaming committee Thursday they will believe they are able to make the property profitable by simply upgrading together with redesigning it.
Reports currently have emerged which will Mr. Meruelo plans towards rebrand typically the SLS at the time he acquires it by current master Stockbridge Investment capital Group. Corporation representatives claimed during yesterday’s hearing that they’re going to first analyze how popular the SLS brand can be before choosing whether a small name change can be described as necessary factor. Continue Reading