Posted on: November 30, 2022, 06:00h.
Final up to date on: November 30, 2022, 06:23h.
Elevation Leisure is planning a brand new casino-resort in Reno, marking one other addition to the flourishing Northern Nevada market.
Downtown Reno, Nevada. Elevation Leisure is planning a brand new casino-hotel within the metropolis. (Picture: Go to The USA)
For now, the deliberate gaming venue is called the Firecreek Crossing Resort-On line casino and can be the primary from-the-ground-up casino-hotel within the metropolis in a number of many years.
Our imaginative and prescient for the gaming leisure business is to take effectively situated gaming institutions with sturdy buyer bases and switch them into vibrant, thrilling, and elaborate leisure locations that can enchantment to the whole market,” based on California-based Elevation Leisure.
The corporate has a number of industrial and residential actual property initiatives beneath its belt, together with two Golden State gaming venues. Elevation operates Seven Mile On line casino in Chula Vista within the San Diego space and Stones Playing Corridor within the Sacramento area.
Reno Booming, Changing into Aggressive Market
The Reno on line casino market, which incorporates gaming venues in Lake Tahoe and Sparks, will at all times be little brother to Las Vegas within the Nevada gaming scene. However the Northern Nevada market is flourishing and turning into extra aggressive within the course of.
Firecreek Crossing Resort-On line casino would be the latest on line casino in Reno, following the debut of Legends Bay On line casino in Sparks earlier this 12 months. Legends Bay is the primary from-the-ground-up on line casino in Sparks in almost three many years.
Moreover, Monarch On line casino & Resort is renovating Atlantis On line casino Resort Spa Reno, which is broadly thought-about one of many market’s top-rated built-in resorts. Century Casinos is within the strategy of buying the Nugget Sparks and is predicted to renovate that property in some type.
As famous by Elevation Leisure CEO Ryan Stone in an interview with the Reno Gazette-Journal, town’s demographics are favorable.
Whereas close by Lake Tahoe is dwelling to famed ski resorts and different out of doors recreation, Reno is attracting firms, akin to Amazon, Alphabet, Apple, and Tesla, contributing to an unemployment charge under three % — far under Nevada and nationwide averages.
Stone talked about within the interview Elevation thought-about opening one other gaming venue in its dwelling state. However California’s draconian COVID-19 lockdown measures and hostile enterprise atmosphere compelled to the corporate to look to neighboring Nevada.
Firecreek Crossing Particulars
Along with 201 guestrooms, 48 suites, and a on line casino, Firecreek will characteristic a foyer bar, beer backyard, a number of eating places, and a meals courtroom, in addition to a public park.
The brand new gaming venue shall be situated at Kietzke Lane and South Virginia Road. Previous to the coronavirus pandemic, Station Casinos mum or dad Crimson Rock Resorts eyed a improvement at a close-by location. However the well being disaster was a hurdle to that effort.
Crimson Rock has since offered a few of its acreage within the Reno space and is specializing in its dwelling market of Las Vegas, seeking to double its footprint there by 2030. Crimson Rock’s departure from the market opened the door for smaller gamers akin to Elevation Leisure to enter the market.