I can see that you are intensely interested in owning a casino in Las Vegas. I have answered one of your other questions on this subject.
I know of a small casino that is available. The asking price is $1.8 million. I estimate $800,000 additional capital is required for operating expenses and certain upgrades. I have looked at the business and, in my opinion, it faces serious marketing and operating problems. It would not be a good investment. Nevertheless, it provides certain opportunities for someone seeking to enter into the casino gaming industry in Nevada.
I would rather operate a different property which, although it may cost more, has more upside potential and can be marketed more successfully. Without discussing either a sale price or making any evaluation of operating costs, I estimate total costs for purchase, renovation, start-up, and operating capital to be approximately $5-8 million.
An alternative would be to start from scratch and build a new casino property. Costs would vary widely and depend on location, size, and designs, but total cost should be $18 - 25 million for the smallest workable resort-casino in the Las Vegas area.
If you have the money to invest in a casino property, I have the knowledge and skills to operate it successfully. We should talk. Click on me avatar name and write me a message.
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