Unlike other casino operators in Southern Nevada, Station owns big tracts of real estate scattered around the Las Vegas Valley that are essentially in storage for future resort projects.
Located several miles south of the Strip, Station’s new holdings are across the street from a roughly 57-acre spread that the company has owned for years and has tried to sell. The sale, by developer Larry Canarelli, closed Monday, property records show.Ĭanarelli pointed to the “magnitude” of the deal, telling the Review-Journal it eclipsed other land sales in the area. The locals-focused casino operator acquired roughly 126 acres at the southwest corner of Las Vegas Boulevard and Cactus Avenue for $172.4 million. Baskow/Las Vegas Review-Journal) Casinos has loaded up on more land in Las Vegas, completing a big purchase just days after it unveiled plans to demolish three shuttered hotels in Southern Nevada. Red Rock Resort, operated by Station Casinos, is seen Monday, Apin Las Vegas.
