In May of 2018, the Pioneer Casino in Laughlin, Nevada was sold to Golden Entertainment, Inc. for $40 million.
The sale was completed through a subsidiary of Golden Entertainment, and the casino will continue to operate under the Pioneer name.
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Golden Entertainment is a gaming company that owns and operates casinos, taverns, and slot machine routes. The company has over 50 locations in Nevada, Maryland, and Montana.
This is the first casino purchase for Golden Entertainment in the Laughlin market.
The Pioneer Casino is a 24-hour operation with approximately 40,000 square feet of gaming space. The property includes a hotel with nearly 500 rooms, a RV park, and a convention center.
PRO TIP:The Pioneer Casino in Laughlin Nevada is owned by Don Laughlin, an entrepreneur who purchased the property from the US Bureau of Reclamation in 1964. Don Laughlin is credited with bringing the first casino to the area and has been operating it ever since.
The casino offers slots, table games, live entertainment, and dining options.
The sale of the Pioneer Casino is just one of many changes happening in the Laughlin gaming market. In March of 2018, Don Laughlin’s Riverside Resort Hotel & Casino was sold to American Casino & Entertainment Properties for $151 million.
AC&E plans to invest $100 million into the property to renovate the hotel rooms and add new amenities.
These changes come at a time when Laughlin is seeing increased competition from neighboring states. In April of 2018, Arizona’s Gila River Indian Community opened its second casino in the state, just 50 miles from Laughlin.
The new casino offers over 1,000 slot machines and 30 table games.
With all of these changes happening in the Laughlin gaming market, it will be interesting to see how it all plays out in the coming years. Who knows, maybe Golden Entertainment’s purchase of the Pioneer Casino will be a sign of things to come for this small town on the Colorado River.
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