'We have had River Palms on the market for some time and upon the closing of this transaction and the discontinuance of our operation of River Palms in September 2014, we will be able to focus our Laughlin efforts exclusively on our flagship property - Tropicana Laughlin.'

'We are pleased to announce this transaction today,' said Tony Rodio, President and Chief Executive Officer for Tropicana. Tropicana intends to terminate the lease and discontinue its operation of River Palms in September 2014. Pursuant to the terms of an asset purchase agreement, CP Laughlin and CPL Realty sold substantially all of the assets associated with the operation of the River Palms Casino in Laughlin, Nevada to the Buyers, in exchange for $6.75 million in cash.Ĭoncurrently with the execution and closing of the asset purchase agreement, CP Laughlin leased back River Palms for a period of up to ninety (90) days, subject to an additional thirty (30) day extension, and further subject to earlier termination rights.

announced that its subsidiary companies Columbia Properties Laughlin, LLC ('CP Laughlin') and CP Laughlin Realty, LLC entered into and simultaneously closed a sale and lease back transaction with Laughlin Hotel, LLC and Nevada Restaurant Services, Inc. Experience a wide range of world-class dining options, including over 10 restaurants and bars, a full-service San Diego spa and salon and so much more! Soak in the beauty of East County with valley views, fresh air and all-day excitement and entertainment at Sycuan Casino Resort.Pursuant to the terms of an asset purchase agreement, CP Laughlin and CPL Realty sold substantially all of the assets associated with the operation of the River Palms Casino in Laughlin, Nevada to the Buyers, in exchange for $6.75 million in cash. Plan your next Playcation with us to discover your very own Retreat - the only 3 pool venue in San Diego complete with swim-up bar and lazy river. Plus, join Club Sycuan – our exclusive membership program that offers guests special discounts and casino rewards, including entertainment tickets, special gifts, exclusive discounts on casino restaurants, gift shops and more. Test your luck at casino gaming with over 2,500 slot machines, poker tournaments, bingo, baccarat, blackjack, and more at Sycuan’s award-winning Southern California casino. Situated just 30 minutes outside downtown San Diego in El Cajon, Sycuan Casino Resort proudly boasts world class accommodations, including live world-class entertainment venues and gaming. Discover San Diego’s first and luckiest casino, Sycuan Casino Resort located in San Diego, California.

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