Source:www.jimippolito.com



As is the case throughout most of the business world where mega-corporations are constantly being sold or merged, Las Vegas casinos continue to be bought and sold on an almost weekly basis.

The latest property to change hands is another venerable Las Vegas old-time casino, the New Frontier.

An Israeli company bought the casino for a record $1.2 billion bucks, not a bad profit for something paid a mere $167 million for in 1998, and they say the real estate market is down.

Here's the story.

If you're a nostalgia buff you may want to plan to visit the New Frontier soon before it becomes another old memory like The Stardust.