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Klondike Sunset principal John Woodrum pictured in front of the Henderson casino in this file photo.
Friday, June 22, 2012 | 4:11 p.m.
A dispute over the planned sale of a Henderson locals casino has resulted in a lawsuit.
A company called Its Gotta Go LLC filed suit Thursday in Clark County District Court claiming the owners of the Klondike Sunset Casino have breached a May 12 agreement to sell the property.
The suit says Its Gotta Go agreed to pay $3.56 million for the property at 444 W. Sunset Road, near Boulder Highway.
The suit claims the buyer put $100,000 into escrow, but complications arose because Its Gotta Go is not yet licensed as a casino operator.
The suit says Klondike Sunset LLC, the current owner, has refused to agree to a lease arrangement in which it would continue to run the casino with its nonrestricted gaming license — or to extend the time for Its Gotta Go to obtain a gaming license.
Klondike Sunset principal John Woodrum couldn’t immediately be reached for comment.
An attorney representing Its Gotta Go declined comment on who the principals of that company are.
Who are the lawyers drawing up these contracts?
This is just basic contract law. There should not even be a question of these disagreements. This all should have been covered in the contract. There are always timelines written into contracts, leasing agreements, etc.
Since the Klondike is the smokiest filthy place I have ever been to, I suppose it's important to litigate this matter. But since it's adjacent to the second filthiest casino I've ever visited, the Skyline smoke house, I wonder if it's worth the time. White trash heaven Big Time. Have a great time, you toothless addicts.
If you do not have the blessing of the Gaming Commission, and a staff pre-approved in place, you are not able to operate a gaming establishment. Sound like It's Gotta Go, put the cart before the horse. Regardless if earnest money was put down, they cannot legally take over without an approved GC member on the staff....that is before the fact and not after the fact. The current license holder cannot just transfer it to anyone....THAT is the problem with people coming here and wanting to buy property up........is cheap.......but they have no idea of the requirements, just think that throwing a few Benjamen's around will make it all just fine. We might run a town with the vices as pleasure, but not just any Tom, Dick, Harry or Gotta Go can do anything without proper prior approval when it comes to running a gaming establishment in this town.
Xtlman is correct.
Who are the attorneys or attorney representing It's Gotta Go? If the article is correct, this entire deal is not a legally binding contact based on the requirements for licensing by the Nevada Gaming Board. It also looks like the buyer's $100,000 earnest money will be tangled in legalese for some time.
Or could it be backroom politics from Station Casinos? They have a history of buying up competition and replacing it with another grind house toilet. Perhaps Stations offered a higher price to thwart the competition. I would play at Skyline any day of the week versus any of Stations properties. At least i would feel safe and get cocktail and slot service before I die.