JETT Gaming LLC and Jean Ventures, LLC have become the second operators in as many months to buy up a small Nevada casino from MGM Resorts International. The Gold Strike Hotel and Gambling Hall in Jean, Nevada is officially theirs. The Nevada Gaming Commission approved JETT Gaming to run the property on April 23rd.
Henderson real estate developer Joe DeSimone Jr. purchased the iconic Railroad Pass Casino a little over a month ago. Marcus Gaming LLC will handle operations at Nevada’s oldest surviving casino until such time as DeSimone is able to secure a license. They were approved by the Commission on March 26th.
According to MGM Resorts chief financial officer Dan D’Arrigo, the company is excersing its plan “to review and refine our portfolio of properties, and focus on new developments in international and regional markets.”
The Gold Strike property had been in the MGM portfolio since 2005 when they acquired it as part of their acquisition of the Mandalay Resort Group. MGM now owns and operates 13 properties in Nevada, Mississippi, and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau, China (MGM China Holdings Limited).