Lakes Region Casino for sale last two months; asking price $3.5 million, manager says
The property, which was once a greyhound racing site, has been on the market the past two months, said the casino’s manager, Ryan Gloddy.
The building is a 35,000-square-foot structure on Route 106. It was built in 1975 and first used a dog track. Dog racing was dropped about six years ago, as was betting on live racing events that were simulcast in the building, a company representative said.
A large share of the casino’s profits go to area boys’ and girls’ clubs and American Legion charities. There are at least 19 charities in the area that the casino supports, Gloddy said.
There is also a bingo room, and the lodge offers nightly poker tournaments, some of which guarantee the winner $1,000. That is one of the highest payouts at the casino, Gloddy said.
“We don’t know what’s going to happen,” Gloddy said. “I guess it depends on the next owner.”
The current owner is Arizona businessman Craig Potts.
It then resumed slot machine operations, but with jackpots that paid in points to be redeemed for merchandise or other in-house gaming options.