Wednesday, December 31, 2014

Small Casinos for Sale in Las Vegas!

When some of you search for a Las Vegas Casino, you have come upon my web site. What a lot of you don't know about casinos is that you as a principal must be qualified by the Nevada Gaming Control Board to even own a Nevada gaming property.

And, this concerns me when I see that my web site has been popping up on searches for 'Small Casinos For Sale in Las Vegas,' because, most of you potential gaming property owners will NOT qualify to even own a casino property here in Nevada.

Now, there are a variety of small restaurants, bars, taverns, sports bars in and around the Las Vegas Valley -- all with gaming -- that are for sale. However, there is only one actual small "casino" that I know of that is truly For Sale in Las Vegas.

As most of you are aware of, the true "casino" properties are on the "Strip" and in Downtown Las Vegas.  There are several "local" casinos in outlying neighborhoods, but these are owned and controlled by large local casino companies. And the small local casinos -- not on the "Strip" -- will still advertise themselves as a casino because they do have slot machines. And, they will call themselves casinos when in actuality, they are legally known as "taverns."  These only have "restricted gaming licenses."

However, I do know of a local "grandfathered casino" property that has an "unrestricted gaming license" where the owner will sell, but his sell price is $5 Million!  It is a +/-5,000 SF building, on a +/-1.35 acre lot.  It is just off a major freeway and located on a high traffic street. It is surrounded by national credit tenants, multiple roof tops and Class A type Office buildings.

So, there is everything about this property that needs to be disclosed.  Any further information requires a Non-Cir Agreement which is located under the Las Vegas Casino Information Button on the right side of this page.

And, the price is the price. According to the owner the price is: "Not Negotiable!"
And, whether you agree or not, you must disclose your financial capability to even receive the property's financials.  And, the owner says: His business' financials are what they are and he will NOT argue that the property is worth less than his Selling Price. OR, whether or not the appraisal MAY or MAY NOT justify the selling price.  The price is the price.

WHY? (you may ask.) It is because this location has the "Grandfathered Unrestricted Gaming License." Which means to the untrained eye, that you can have table games (blackjack, roulette, craps, poker) and the local government body is no longer giving "unrestricted gaming licenses" out any more; AND, any alteration to the existing property will require upgrading to the "new" codes. Thus, elimination of the "grandfathered licensing status forever.

So,...want more information? As i mentioned above, click on the Las Vegas Casino Information button, print out the Non Circumvent Agreement, sign and email it back to me. Then, I will send you the property information.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

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