Decoding the Ownership of the South Point Casino

The South Point Casino, nestled in the vibrant Las Vegas Strip, is a landmark in its own right. As a premier entertainment venue, its ownership has always been a subject of interest. Who owns the South Point Casino? This question delves into the history, influence, and mysteries surrounding the ownership of one of the most iconic casinos in Las Vegas.

History of Ownership

The South Point Casino has undergone several changes in ownership since its inception. The casino was first opened in 2005 by Frank Fertitta III and Lorenzo Fertitta, who founded Station Casinos. The Fertitta family, renowned for their success in the casino industry, brought the South Point Casino to life. However, their ownership was short-lived as they sold the property to a group of investors led by Alex Meruelo in 2008.

Alex Meruelo, a businessman and entrepreneur, took over the South Point Casino and expanded its offerings, including adding a spa, a hotel, and additional entertainment venues. Meruelo's ownership of the casino lasted until 2016 when he sold it to a private equity firm, Apollo Global Management, for $1.3 billion.

The Current Owners

Apollo Global Management, a leading global alternative investment manager, now owns the South Point Casino. The private equity firm has a diverse portfolio of investments, including real estate, healthcare, and consumer products. Apollo Global Management's acquisition of the South Point Casino marked their entry into the gaming and hospitality industry.

Impact on the Casino

The ownership changes at the South Point Casino have had a significant impact on its growth and reputation. Under the Fertitta family's ownership, the casino gained popularity for its affordable luxury and family-friendly atmosphere. Alex Meruelo's acquisition brought further development and an upscale ambiance, attracting a wider audience of tourists and locals.

Under Apollo Global Management's ownership, the South Point Casino continues to thrive. The private equity firm has invested in upgrading the casino's facilities, enhancing the guest experience, and expanding its entertainment options. This commitment to growth has solidified the South Point Casino's position as a must-visit destination in Las Vegas.

The Mystery Behind the Ownership

Despite the transparency in the ownership of the South Point Casino, there is an air of mystery surrounding the Fertitta family's departure. While no official explanation has been provided, rumors suggest that the family decided to sell the casino to focus on other business ventures. The Fertittas, who also own Ultimate Fighting Championship (UFC), may have been looking to streamline their operations and concentrate on their core businesses.

The Role of the Fertitta Family

The Fertitta family's legacy in the casino industry is well-documented. They have successfully built and expanded Station Casinos, a chain of more than 20 properties in Nevada. Their expertise in the gaming and hospitality sector has played a crucial role in the success of the South Point Casino.

As the owners of the South Point Casino, the Fertittas focused on creating a unique and inviting atmosphere for guests. Their commitment to affordability, quality, and customer satisfaction has set the foundation for the casino's continued success.

Frequently Asked Questions

1. How many rooms does the South Point Casino have?

The South Point Casino has a total of 2,080 hotel rooms, including 2,080 rooms in the hotel tower and 100 suites in the resort tower.

2. What is the South Point Casino's gaming area like?

The gaming area spans over 60,000 square feet and features a variety of slot machines, table games, and poker rooms. The casino also offers a sportsbook, a race and sports book, and a bingo parlor.

3. Does the South Point Casino have a spa?

Yes, the South Point Casino has a full-service spa, which offers a range of treatments and services, including massages, facials, and body treatments.

4. What is the South Point Casino's entertainment schedule like?

The South Point Casino features a wide range of entertainment options, including live music, comedy shows, and special events. The casino hosts popular acts, as well as up-and-coming talents, ensuring that there's always something exciting to see.

5. Is the South Point Casino family-friendly?

Absolutely. The South Point Casino is known for its family-friendly atmosphere, with a variety of amenities and activities for guests of all ages. The casino offers a Kids Quest, a supervised play area for children, and a variety of dining options for families.