Klondike, over and out

Although Jon Woodrum has been a minor fixture of the Las Vegas casino scene for decades, he and son Mike Woodrum are trying to cash out of the Klondike Sunset Casino for a tidy little $3.5 million. It appeared last summer that litigation might stymie the transaction but Colliers International continues to list the Klondike as free and clear. Hell, the Woodrums will even loan you the money to buy it off them. It seems an odd time to be giving up on the Boulder Strip, now that business is generally robust in that market and new-housing starts and other auguries of recovery are manifesting themselves. Hell, had Gary Goett kept with his Southern Highlands casino plan, across the street from M Resort, home construction in the area would be bringing potential customers to his doorstep. Anyway, Colliers is sure offering one heckuva deal: a gaming license, 154 slots and six table games for less than $4 million. By contrast, Colliers has been having the nerve to demand $48 million — $9 million an acre — for the Key Largo, even though it’s a fire-gutted hulk now. (I have one word for the timing of that conflagration: Serendipitous.) The Key Largo’s prospectus was pulled from the Colliers site a day or two ago but the $47,999,999 price tag is still sitting there to inspire disbelief.