Ghost-town casinos get stunning rescue after family finds last-minute buyer

FIRST ON FOX: At the 11th hour — and on the brink of an impending closure July 4 — the Primm family in Nevada has found a white knight partner to help save its once-packed resorts from becoming a dilapidated ghost town.Members of the Primm family shared exclusively on Monday with Fox News Digital that they've signed an agreement with Las Vegas-based Terrible’s, another private company, to operate its hotel-casino and related properties in Primm, Nevada.Cory Clemetson, grandson of Primm's founder and president of the Primm South Real Estate Company, said, "We’re pleased that we were able to secure such a qualified and like-minded partner for our properties at Primm."CASINO RESORTS IN NEVADA LOCATION, ONCE PACKED, BECOME GHOST TOWN AS CLOSURE NEARSTim Herbst, president of Terrible’s, said in a statement shared with Fox News Digital, "Primm has long been one of Nevada’s most recognizable destinations.This partnership reflects our commitment to preserving that legacy while creating new opportunities for growth, investment and tourism.

We believe Primm’s best days are still ahead."Primm was long viewed as a more affordable alternative to Las Vegas.But Primm's last casino hotel, Primm Valley Resort & Casino, was scheduled to close July 4, as Fox News Digital previously reported.

That closure would have put 344 people out of work.At the last moment, the Primm family has found a "like-minded partner" to rescue its resorts before a scheduled closure on July 4.One of the resorts, Whiskey Pete's, is pictured here.

(Michael Anthony for Fox News Digital)The expected closures were announced recently by casino operator Affinity Interactive and its principal owner, New York-based private equity firm Z Capital, which has leased and operated the Primm properties for nearly 15 years.Affinity Interactive CEO Scott Butera recently told the Gaming Control Board that Primm is "just not viable as a casino operation," the Nevada Independent reported.The executive cited ...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: Fox News

Recent Articles