M1 gaming also owns the Boomtown Casino in Reno and the Reserve Casino in Central City, Colorado.

 “We plan to make a significant investment in the property and in the Laughlin market,” said head of M1 Gaming Dean DiLullo. “We look forward to building a strong team and developing the River Palms to its fullest potential.”

The deal must still be approved by Nevada gaming regulators and the deal is expected to be completed in September, until which time Tropicana will continue to operate it.

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