Laos puts Savan Vegas casino up for sale but caveat emptor

The government of Laos has put the Savan Vegas casino up for sale, but prospective buyers might wish to inquire about the fate of the previous owners.

On Monday, the Government of the Lao People’s Democratic Republic announced that it was issuing a solicitation of interest inviting companies to bid on the rights to own and operate the Savan Hotel and Entertainment Complex in Savannakhet province, on the country’s border with Thailand. The sale is being conducted by San Marco Capital Partners LLC.

The winning bidder will receive a 50-year concession to operate the complex, as well as the exclusive right to operate full-service casinos with gaming tables in Savannakhet, Khammouane and Bolikhamsay Lao provinces during the 50-year period.

Svaan Vegas features just under 100 gaming tables along with an “extensive” selection of electronic table games and slot machines. The property also features a hotel with 476 rooms and a variety of non-gaming amenities.