Las Vegas
– Station Casinos, Inc., the leader in gaming and entertainment for
Southern Nevadans, today announced that it has entered into an
agreement to lease, with an option to purchase, approximately eight
acres of gaming-entitled land at the northwest corner of South Virginia Street and Kietzke Lane, across the street from the Reno-Sparks Convention Center in Reno, Nevada. The
transaction remains subject to the satisfaction of certain
contingencies. Plans for developing the parcel include a boutique
hotel/casino featuring hotel rooms and entertainment amenities, such as
gaming and dining to support and complement the growth of the
convention center as well as for locals to enjoy.
The agreement marks the third parcel of land either purchased or leased by the Company in the Reno market in the past 12 months. Last month, the Company announced it had entered into an agreement to purchase 50-acres of land on the southwest corner of Mount Rose Highway and Interstate 395 to build a regional gaming and entertainment project. The
project would complement the 110-acre master-planned mixed use
development that includes the Summit Sierra upscale lifestyle retail
center that is currently under construction by Bayer Properties
Incorporated. Earlier this year, the Company also purchased a 96-acre parcel at Geiger Grade Road and South Virginia Street.
“We are very excited about the Northern Nevada market,” said Scott Nielson, executive vice president and chief development officer for the Company. “The population growth and demographics in Northern Nevada are impressive and we believe our type of gaming product will be well received here. We
also appreciate the Reno City Council members’ commitment to bringing
new events and activities to the market and we applaud their leadership
and vision. Mayor Cashell and Councilwoman
Zadra were especially instrumental in working to bring a quality
development to the area that will complement the recent improvements
made to the convention center.”
Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada.
Station's properties are regional entertainment destinations and
include various amenities, including numerous restaurants,
entertainment venues, movie theaters, bowling and convention/banquet
space, as well as traditional casino gaming offerings such as video
poker, slot machines, table games, bingo and race and sports wagering. Station
owns and operates Palace Station Hotel & Casino, Boulder Station
Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire
Casino and Wild Wild West Gambling Hall & Hotel in Las Vegas,
Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho
Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel &
Casino, Fiesta Henderson Casino Hotel, Magic Star Casino and Gold Rush
Casino in Henderson, Nevada. Station also owns a 50% interest in both Barley's Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada and a 6.7% interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino near Sacramento, California on behalf of the United Auburn Indian Community.
