Casino boss defends closure of iconic Primm resorts amid backlash from founding family

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The CEO behind the company shutting down a group of iconicNevada casino propertieshas defended the decision, telling gaming regulators the once-popular gambling stop is no longer financially sustainable.

Primm, Nevada, was once home to three bustling properties long viewed as affordable alternatives to Las Vegas, just across the California-Nevada border.

This month, it was announced that the last of the three hotels, Primm Valley Resort &Casino, is scheduled to close July 4.That closure is expected to eliminate 344 jobs, according to.

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Affinity Interactive CEO Scott Butera told the Gaming Control Board on Thursday that Primm is “just not viable as a casino operation,” the Nevada Independent reported.

The executive citedongoing financial lossesand unsuccessful investment efforts as reasons for the closure.

Aerial view of Primm with casinos, hotels, rollercoaster

Primm’s remaining casino hotel is set to close July 4, leaving hundreds of workers without jobs.“We’ve tried many things here,” said a senior executive.(Ethan Miller)

“It’s been losing money, and we’ve been investing a lot of money over the years to no avail,” Butera said.“We’ve tried many things there, including building a new sign and new slot machines.”

Butera was pressed by Mike Dreitzer, the Gaming Control Board chair, who told him the board was monitoring the situation “with grave concern for the community.”

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“This is of critical importance to the state, and good faith is not only requested, but it’s required,” said Dreitzer, the Nevada Independent reported.

“We’re hoping that we’ll have a transition on the property, but we are exiting as the tenant.”

Butera said Affinity is “working very closely with the landlord,” and cited a “potential suitor” who might revitalize the property.

“We’re hoping that we’ll have a transition on the property, but we are exiting as the tenant,” he said.

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Affinity Interactive and its principal owner, New York-based private equity firm Z Capital, have leased andoperated the Primm propertiesfor nearly 15 years.

The closure drew criticism from the Primm family.

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