c bar four winds casinoAlex Meruelo is taking a big gamble on SLS, which was once the iconic Sahara. (Image: Trading Signals)Meruelo agreed to buy the struggling SLS, formerly the legendary Sahara Casino, in May of last year for an undisclosed fee from then-owners Stockbridge Capital Partners.It’s a brave move. On Wednesday, the Nevada Gaming Control Board (NGCB) unanimously recommended the transfer of a gaming license for the North Las Vegas Strip-located casino to gaming operator Alex Meruelo, principal of the California-based Meruelo Group. vince gill soaring eagle casino and resortHe also plans to cross-market it with the Grand Sierra Resort. That entails not only generating thousabellagio casino roomsnds of jobs in the Lehigh Valley, but also restoring and repurposing the former Bethlehem Steel Plant.Founded in 1857, Bethlehem Steel went bankrupt in 2003. On Wednesday, the Nevada Gaming Control Board (NGCB) unanimously recommended the transfer of a gaming license for the North Las Vegas Strip-located casino to gaming operator Alex Meruelo, principal of the California-based Meruelo Group. borgata casino winners

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el dorado casino reno spa(Image: Trading Signals)Meruelo agreed to buy the struggling SLS, formerly the legendary Sahara Casino, in May of last year for an undisclosed fee from then-owners Stockbridge Capital Partners.It’s a brave move. He told the Board he has access to millions of dollars and credit through the 30 companies he owns, which include a bank.“What the property needs is ownership and leadership and I will be able to provide that,” he said.Nazarian’s Licensing DramaMeurelo’s licensing hearing was more successful than that of his predecessor, former part-owner Sam Nazarian, the LA nightclub mogul who was largely responsible for the SLS vision. Situated amid vacant plots of land earmarked for stalled or abandoned projects, the area gets none of the footfall of the bustling south end of the Las Vegas Strip.Conglomeratebellagio casino rooms ConvenienceOpened in 2014 after a 5 million upgrade, SLS lost 2.7 million in the first nine months and has struggled for profitability since.But Meruelo believes he can bring the Midas Touch back to the property, as he did to the Grand Sierra Resort, Reno’s largest hotel-casino.“I was told there was no way in hell that I would be able to turn the Grand Sierra around,” Meruelo told the NGCB. santa ana casino players clubSituated on the unfashionable north end of the Strip, it has struggled for profitability since it opened in 2014. (Image: Trading Signals)Meruelo agreed to buy the struggling SLS, formerly the legendary Sahara Casino, in May of last year for an undisclosed fee from then-owners Stockbridge Capital Partners.It’s a brave move. Sands Bethlehem casino resort in Eastern Pennsylvania is set to be sold for .3 billion to the Poarch Band of Creek Indians of Alabama. resorts casino margaritaville

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new harrah s casinoSituated amid vacant plots of land earmarked for stalled or abandoned projects, the area gets none of the footfall of the bustling south end of the Las Vegas Strip.Conglomeratebellagio casino rooms ConvenienceOpened in 2014 after a 5 million upgrade, SLS lost 2.7 million in the first nine months and has struggled for profitability since.But Meruelo believes he can bring the Midas Touch back to the property, as he did to the Grand Sierra Resort, Reno’s largest hotel-casino.“I was told there was no way in hell that I would be able to turn the Grand Sierra around,” Meruelo told the NGCB. “We believe the introduction of new competition in some of the regional markets, particularly in Atlantic City, will negatively impact our results in the second half of the year.”Along with Hard Rock and Ocean Resort, the owner of Showboat, a former Caesars property, is deliberating about reopening the hotel’s casino. “If I can turn around the Grand Sierra Resort, I could do that at SLS [also].”Meurelo says he plans to market the casino in Southern California, where he owns three radio stations and two television channels. In 2015, Nazarian was grilled by the Board about pervious cocaine use and the fact that he had allowed himself to be blackmailed by Derrick Armstrong, a nefarious character with a criminal history.Armstrong himself attempted to gain access to the hearing to address the Board, but was arrested outside on suspicion of grand theft and passing bad checks.Unexpectedly, the Boarbellagio casino roomsd granted Nazarian a license — albeit a limited one — but he sold his stake to majority owner Stockbridge soon afterwards.Packing It Up Nazarian tried to turn the Sahara into a modern, sleeker, hipper version of itself, perhaps losing sight of the fact that no one was ever hipper than the Rat Pack.He called it SLS to denote “style, luxury and service,” although Nazarian fell at the first hurdle by installing a big, silver one-eyed blob statue in the entrance circle which appeared to be the antithesis of style.And he did all this at the wrong time, and at the wrong end of the Strip, to boot.Meruelo has a lot of work to do, but seems convinced he’s the man for the job. Founded by billionaire Sheldon Adelson, the company is apparently ready to focus on its Macau and Las Vegas operations and forgo the regional enterprise.Adelson said in a statement that he’s “extremely proud of the positive contributions the property has made” for the region. Situated amid vacant plots of land earmarked for stalled or abandoned projects, the area gets none of the footfall of the bustling south end of the Las Vegas Strip.Conglomeratebellagio casino rooms ConvenienceOpened in 2014 after a 5 million upgrade, SLS lost 2.7 million in the first nine months and has struggled for profitability since.But Meruelo believes he can bring the Midas Touch back to the property, as he did to the Grand Sierra Resort, Reno’s largest hotel-casino.“I was told there was no way in hell that I would be able to turn the Grand Sierra around,” Meruelo told the NGCB. mgm casino rooms