reading through the article it seems that the casino is tied to a lot of notable history that has happened in Las Vegas. quite a shame that it is closing now.
I can't help but wonder if they sold it and if so how much, I mean, I assume the casino still brings in money despite customer traffic on their establishment having slowed down compared to the past due to the newer and more modern casino/resort that has been built throughout the years, so the offer to buy it must have been big enough that they decided finally sell the casino.
This is very surprising considering that the casino itself is located in Vegas, which is the gambling capital of the world. Even if it may not be as famous as the other gambling establishments, its geographical and physical location are worth it and profitable.
It is, but they are remnants of the old casino, and if I'm not mistaken, there are some casinos as well that have been renovated to cope with the current times. But it's not enough for them to stay as there are a lot of competitions from big casinos in strip and online as well.
I guess that the shift to online gambling has taken a massive toll to most physical gambling establishments given that the traction that they gain is far lesser compared before the pandemic hit. But I also think that these gambling establishments must be ready for change- change in a way that they must implement other services in order to keep up with the changes happening in the world.
Most likely, we don't have the numbers, but still, gambling industry is a billion dollar business, and so everyone can still make a lot of money, whether online or traditional based. But I think in this case, it's more likely that the casino is not making money as it used to be or the owners and investors are looking for other business. Besides it has been operational for many years so for sure they've got a lot of profit from it.
With all things considered, I still find it unfortunate that gambling establishments have been closing down. Recently, the Atlantic City Casino owned by Trump has shut down also. Even with the saying that the house always wins, that is not always the case.
As I have explained above, they could still be the winner after all, with the profits that they have made in 67 years in existence.