The Pass Casino in Henderson is Expected to Open Soon!

 

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Clark County Nevada is home to many of the world’s best casinos. Many new ones are expected to open their doors in 2021. New reports indicate The Pass Casino in Henderson will officially be opening to the public sometime this year.

Many are excited to see this venue open. It’s replacing one of Henderson’s favorite gambling venues. Today, we’re going to talk about the details of this new casino.

Here’s what we know!

Nevada’s Casino Industry is Still Struggling

For decades, Nevada was home to the biggest and most successful casino industry in the United States. A huge number of incredible casino-resorts are located here, the majority of which saw large revenue figures every month. In March of last year, all of the casinos in this state completely closed down to the public.

This had a devastating effect on the state’s economy. Places like Las Vegas immediately saw their tourism numbers plummet. That, in turn, led to a significant drop in gambling revenue and many businesses started to suffer.

The casinos in Las Vegas were given permission to reopen in June. Tourism numbers remained low, however, and many of the major casino-resorts here were forced to adjust their operating hours to save money. Even today, some of the largest gaming venues here are still closed during the weekdays.

The Las Vegas Strip accounted for nearly all of the revenue earned between July of 2019 and June of 2020. This area of the city is still the most successful for the casinos in Nevada. Things are far from ideal, though.

Nearby Henderson is also seeing a drop in tourism and gambling revenue. This city isn’t necessarily known as a major gambling hub, yet there are several popular casinos. Soon, a new casino will be opening its doors here.

Many of the locals in Henderson are getting excited. Here’s what we know about this new gambling property.

Here’s What We Know About the Pass Casino in Henderson

Henderson is a city of just over 300,000 individuals. Located directly next to Las Vegas, it’s no surprise that several great casinos are located here. Several of them are located on Water Street and have been working hard to attract new players.

Back in 1993, Boyd Gaming acquired one of the casinos here and renamed it Eldorado Casino. It became a hit with locals and helped to bring in most visitors to the city of Henderson. In 2007, this venue underwent a major renovation.

Obviously, the events that unfolded in 2020 took a devastating toll on many casino companies in Nevada. Last year, news broke that Boyd Gaming agreed to sell the Eldorado Casino to DeSimone Gaming. This company announced it planned to renovate and rebrand this venue.

This week, news broke that this new casino is being called The Pass Casino and is expected to open sometime later this year. It will have a modern design and will open several new, fresh restaurants. Residents are also excited to see what this new casino has to offer.

It doesn’t come at the easiest time. Hope is that by the time The Pass Casino in Henderson opens, the US casino industry is in a much better position than it currently finds itself in. There is reason to be optimistic.

Many analysts expect that 2021 could be a great year for Nevada. Here’s a look at why exactly that is.

Vaccines Could Help to Turn Things Around for Las Vegas This Year

Like all major tourism hubs, Las Vegas is a place that relies on visitors. Millions of people come here to take part in the gambling, entertainment, and nightlife. These visitors then help to fund many of the other businesses that cater to tourists.

When tourism stopped here, the city seemed to stop, too. Even today, there is a notable decrease in tourism and casinos continue to feel the effects. Some feel that by summertime, we will begin seeing a major increase in visitors once again.

Vaccine distribution could help to achieve that goal. Many people around the country are still against traveling right now due to health concerns. If more people are vaccinated, it seems likely that places like Las Vegas will see a spike in tourism.

Just about everyone wants to see this happen. 2021 is expected to be a big year for the city. Most notably, Resorts World Las Vegas will be opening its doors this summer. It’s the most expensive casino-resort ever built in Las Vegas and is expected to be one-of-a-kind.

Other nearby cities would benefit from an increase in tourism, too. The Pass Casino in Henderson would love to see more players coming in from around the country. We’ll be sure to report on the tourism numbers in Clark County over the next few months.

Are you excited to hear about the new casino coming to Henderson? When do you expect Las Vegas to begin seeing a large increase in visitors? Let us know in the comments section below!

Henderson City Council Formalizes Intent To Sell Land to Marnell Gaming

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The Henderson City council unanimously approved on Tuesday a resolution that formalizes its intent to sell around 9 acres of land Marnell Gaming Management LLC.

According to the city council, Marnell Gaming has expressed an interest to purchase the property to develop, construct, and operate a resort hotel with non-restricted gaming and other related amenities. Marnell’s plan to build involves an investment of $250M including the land price. The project is expected to create a minimum of 100 full time jobs.

The city brought the land for $4.1M in 2019 and although the market value is currently estimated to be $6.5M, the city council put a tag of at least $4.3M for the property located just north of St. Rose Parkway and east of Las Vegas Boulevard.

A Hot Development Area

Although the full details of the proposed project have not been revealed by Marnell Gaming, it is believed that the $250M price tag is just the baseline figure to get things going. Expansion over time is expected with a local market that continues to grow.

The West Henderson area has been a hot development area with Inspirada and other similar housing projects. The NFL’s Las Vegas Raiders have their practice facility and headquarters there. Then there is also a commercial development along St. Rose Parkway and around Henderson Executive Airport.

Original Owner of M Resort

Marnell Gaming was the original developer of the M Resort on 90 acres in 2009 but was forced to sell the property to Penn Gaming two years later during the Great Recession. It was a nearly $1B project which is almost three times bigger than the initial development amount for the new project.

This time around, Marnell Gaming is planning to build another casino in Las Vegas, just right across the street from the M Resort. And Tony Marnell is doing it again at a time when Las Vegas is in dire straits, this time due to the coronavirus pandemic. That just proves the belief that Sin City will be back and there’s going to be opportunities down the road.

Eldorado Casino in Henderson Has Officially Been Sold

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Henderson, Nevada is home to a number of popular casinos. Unfortunately, many of the gambling venues based in this city have seen large revenue drops throughout the year. New reports claim that the Eldorado Casino in Henderson has just officially been sold by Boyd Gaming.

Many analysts saw this coming. Boyd Gaming has been interested in getting rid of this gaming venue for many years. Today, we’re going to talk about what this means for the company moving forward.

Let’s get into it!

Nevada’s Casino Industry is Working Hard to Recover

Since March, we have been covering the economic situation unfolding in Nevada. The casino shutdowns ordered here took a massive toll on the state. Tourism came to a screeching halt and thousands of individuals lost their jobs.

It wasn’t until June that casinos were able to open their doors again. Over the next few months, more and more of the major casino-resorts in cities like Las Vegas started accepting guests. Most of the big casinos in this state are now open once again.

Things are still far from normal, though. Nevada continues to see an increasing number of Covid-19 cases being reported. As a result, Governor Steve Sisolak has been forced to implement more intense safety measures. That includes an order limiting casino occupancy to just 25% set last month.

It’s an extremely difficult time for Las Vegas, a city that in many ways relies on tourism and gambling. In October, the state saw a revenue decrease of 20% when compared to the same month in 2019. Unfortunately, many predict an even larger drop to be reported for the month of November.

With travel restrictions set in place throughout the country, Las Vegas is seeing far fewer visitors than it did over the summer. Many of the hotel-casinos in this city have recently begun closing during the week due to this drop in tourists. If what health experts are saying is correct, this trend could continue for months to come.

Fortunately, none of the major casinos in this state have been ordered to close once again. Casino companies here are now doing everything they can to generate revenue effectively.

Boyd Gaming Officially Sells Eldorado Casino in Henderson

Boyd Gaming is one of the most established casino companies in Nevada. It was founded back in 1975 and now controls a huge number of gaming venues around the country. That includes the Fremont Hotel and Casino in Downtown Las Vegas.

This company has been hurting for most of the year. Like most other casino operators in Nevada, Boyd Gaming has been seeing massive revenue drops. In July, it was forced to lay off approximately 25% of its workforce.

Fortunately, the company is getting some much-needed money right now. Reports have confirmed that Boyd Gaming has officially sold the Eldorado Casino in Henderson. It’s a long-time coming and many analysts were surprised it didn’t happen sooner.

Boyd sold this company to DeSimone Gaming. The company released an official statement to the media about this property sale this week.

“The Eldorado was a non-core asset to the company, and as we have continued to grow over the years, this property represented a very modest part of our overall business,” the statement said. 

Boyd Gaming has long-complained that the Eldorado Casino has been one of the company’s worst-performing casinos. Its sale may end up saving a large amount of money in the future. Specific details of the casino sale have not been reported.

There’s a good chance that we will see more of these casino sales over the next few months. Stay tuned for updates!

Henderson’s Casino Industry May Soon Expand

Henderson is located directly next to Las Vegas and is home to more than 300,000 individuals. As you might expect, there are a large number of popular casinos in this city. It’s a local gambling hotspot and seems ready to expand in the near future.

New reports claim that Marnell Gaming is considering opening a new casino in Henderson. The company believes Henderson would benefit from opening a Las Vegas-style casino-resort. If all goes according to plan, this could open sometime in the next few years.

Of course, now might not be the perfect time to focus on expansion plans. Many of the casino companies in Nevada are simply trying to break even right now. Tourism appears to be dropping throughout the state and may not recover for months.

There are some massive new casinos opening in Las Vegas soon. That includes Resorts World Las Vegas, the most expensive gambling venue ever constructed here. Many expect this to be a game-changer for the northern area of the Strip.

Boyd Gaming is doing everything it can to bring in money right now. The sale of the Eldorado Casino in Henderson is now official. Hope is that the casinos this company operates begin seeing revenue increases soon.

Do you think it’s time for Henderson to open more casinos? Let us know in the comments section below!

A New Casino in Henderson is Being Discussed Right Now

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Nevada is home to many of the biggest and best casino-resorts on the planet. The majority of them are located in Clark County. This week, reports surfaced claiming a new casino in Henderson is being discussed by several groups.

It’s exciting news for many Nevada residents to hear. Henderson is home to more than 300,000 individuals. Many would love to see a brand new casino-resort open its doors in this city.

Today, we’ll talk about what is currently being discussed.

Nevada’s Casinos Struggle With Drop in Gamblers

Much of Nevada’s economy relies on the gaming industry. It’s been that way for decades and has proven to be a fantastic way for the state to bring in money. Unfortunately, the US land-based casino industry has been hurting badly for almost all of 2020.

Nearly all major US casinos shut their doors to the public back in March. Different states began allowing their gaming venues to open at different times. Nevada waited until June to start allowing casino-resorts to accept guests again.

SImply reopening casinos didn’t end up turning things around. Most people around the country were still hesitant to make the trip to a major gambling destination. Travel restrictions also made this extremely difficult for many individuals.

Over the summer, tourism rates in Nevada began to increase. As the colder months approached, this trend began to change. Tourism is now much lower here than it was in 2019 and casinos are feeling the effects.

Many of the major casinos here, including The Palazzo, recently announced they are closing down during the week. The owners of these venues claim there aren’t enough visitors to remain open. It’s a concerning trend that doesn’t seem to be slowing down anytime soon.

This doesn’t mean new casinos won’t ever open their doors here. Some are now interested in opening a new gambling venue in the city of Henderson.

Marnell Gaming is Interested in Booking a New Casino in Henderson

Henderson, Nevada sites directly next to Las Vegas. It’s the second-largest city in the state and is home to a huge number of Nevada residents. As many know, there are some fantastic casinos operating in this area.

It now appears that a new gaming venue could soon open its doors here. Reports have surfaced this week that claim Marnell Gaming is interested in opening a new casino in Henderson. This company believes Henderson is now in need of a brand new casino-resort.

Marnell Gaming is known for operating The Nugget Casino-Resort near Reno. The company took over this property in 2016. Officials within Marnell Gaming are now focused in expanding into Clark County.

Many of the residents in Henderson have been calling for a Las Vegas Strip-style casino-resort. It now appears this could be coming in the next few years. Interestingly, Marnell Gaming isn’t the only company focused on expanding in this area.

Not long ago, news came out that a Henderson-based company called Ochoa Development Corporation recently purchased a 12-acre plot of land on Paradise Road in Las Vegas. This company may soon choose to develop this land for a new gambling property.

There is a lot going on in Nevada right now. Major casino companies continue to struggle bringing in tourists and gamblers. Some companies seem to see an opportunity and are looking to expand right now.

Stay tuned for more updates on this situation over the next few weeks!

Nevada Casino Companies Brace for New Regulations From Governor Sisolak

It’s great to see gaming companies in Nevada looking towards the future. Most of the ones operating here right now, however, are eagerly waiting to hear what Governor Sisolak has planned. For weeks, Sisolak has been warning that new casino regulations could soon be on their way.

Nevada’s Covid-19 infection rates continue to increase. It’s a troubling development for the state, which relies on tourists from around the country. Many now believe that all of the casinos in this state will soon be ordered to shut down again.

As we mentioned earlier, this happened back in March. It had a devastating effect on the state and resulted in tens of thousands of job losses. Another mass casino shutdown could have a permanent effect on the state moving forward.

Most of the biggest casino companies in the state are now preparing for another set of regulations. Governor Sisolak understands the impact this will have. Failing to act, he argues, could have an even worse effect.

It’s an interesting time for Nevada’s casino industry. It now seems that we could see a new casino in Henderson in the future. Hopefully, the casino industry here is able to cope with whatever comes over the next couple of months.

Do you want to see Marnell Gaming open a major casino-resort in Henderson? Let us know in the comments section below!