How to: Buy a Casino in Vegas?? | FerrariChat
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How to: Buy a Casino in Vegas??

Discussion in 'Other Off Topic Forum' started by DrStranglove, Jun 19, 2004.

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  1. DrStranglove

    DrStranglove FChat Assassin
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    #1 DrStranglove, Jun 19, 2004
    Anyone here know how to do it? Say I wanted to buy a small (Really small) one for maybe a few million, could it be done?? What does it take to do it? And would it be easyer to do it in Miss or NJ first?


    Questions.... Questions....


    DrS
     
  2. Evolved

    Evolved F1 Veteran

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    #2 Evolved, Jun 19, 2004

    PA JUST approved slot machines. GET IN EARLY!.
    All the old gezzers in western PA can't wait to throw away their home heating money on the slots.
     
  3. PeterS

    PeterS Five Time F1 World Champ
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    #3 PeterS, Jun 19, 2004
  4. WJHMH

    WJHMH Two Time F1 World Champ
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    #4 WJHMH, Jun 19, 2004
    That is a great idea & very good question, but have you considered other states besides Miss or NJ? Maybe Oklahoma or Louisiana, the only reason I suggesting this is due to the massive saturation of Casinos in that area.
     
  5. bobleb

    bobleb Formula 3

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    #5 bobleb, Jun 19, 2004
    If you want to start small, you might consider purchasing a bar (or two) with a limited (slots only) gaming license. The cash flow of these places is tremendous, and you have a lot less to worry about than with table games and the hotel side of the business. But like with anything connected in any way with real estate, location is the key.
     
  6. Stackhouse

    Stackhouse F1 Rookie
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    #6 Stackhouse, Jun 19, 2004
    Reno is full of Casino's for sale! The tricky part is getting approved for a gambling License so you can run them.

    PD
     
  7. PeterS

    PeterS Five Time F1 World Champ
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    #7 PeterS, Jun 19, 2004
    How about getting a pool of FChat members together to buy a small Reno Casino? What could a 'fixer-upper', hole in the wall run? $2.0M? Huuummmmmmm!
     
  8. DrStranglove

    DrStranglove FChat Assassin
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    #8 DrStranglove, Jun 20, 2004
  9. PeterS

    PeterS Five Time F1 World Champ
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    #9 PeterS, Jun 20, 2004
  10. bobleb

    bobleb Formula 3

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    #10 bobleb, Jun 21, 2004

    Completely true. If you're going to try to either do it alone or with a group, if it's in Nevada make sure you're all "squeeky clean". Because if your wife's second cousin knows somebody who was on an episode of The Sopranos, they'll ask you about it. :)
     
  11. Ike

    Ike F1 Rookie

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    #11 Ike, Jun 21, 2004
    Here in Louisiana they changed the laws on video poker. I don't know what it is now. For a while every place you went into had little dividers set up with a couple machines in them. The truck stops now have really fancy game rooms where the poker machines used to be, lol.
     
  12. bobafett

    bobafett F1 Veteran

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    #12 bobafett, Jun 21, 2004
    Peter: that last link is about "online gamming companies" :D

    I've always wondered about owning a casino as well. Doc - let me know what you discover - very very interested in putting something together.

    If only we could get Pachinko to be popular here! :D

    --Dan
     
  13. DrStranglove

    DrStranglove FChat Assassin
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    #13 DrStranglove, Jun 21, 2004
    I hold a security clearance with the US Gov; should be clean enough!!!
     
  14. darth550

    darth550 Six Time F1 World Champ
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    #14 darth550, Jun 21, 2004
    Why would someone with a security clearance make such a statement?

    Just curious. :)

    DL
     
  15. PeterS

    PeterS Five Time F1 World Champ
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    #15 PeterS, Jun 21, 2004
    That was an OK statement. I have a DOD clearance due to a specific miltary contractor in Southern California that I call on, but mine is on a fairly lower level.
     

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