Henderson City Council Formalizes Intent To Sell Land to Marnell Gaming

Henderson Nevada Logo

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.

Las Vegas Raiders Bar & Grill is Coming to M Resort!

In less than a year, the Oakland Raiders will officially relocate to Las Vegas. They will become the second major professional sports team to begin playing in this city after the creation of the Las Vegas Golden Knights. This week, M Resort announced it was opening a Las Vegas Raiders Bar & Grill.

Las Vegas Raiders Logo

It’s clear that locals are excited about having an NFL team in their city. It will likely help to draw in thousands of new visitors every single year. Let’s look at what’s going on with this team right now.

M Resort Announces Las Vegas Raiders Bar & Grill

There’s still nearly a year before the Raiders officially begin playing in Las Vegas. Right now, however, many companies are working to gain sponsorship deals with the new team. In October, for example, the Raiders agreed to a deal with a California-based tribal casino operator.

Over the summer, the Las Vegas-based airline Allegiant secured a major partnership with the Raiders.

This airline company has been granted permission to put its name on the Raiders’ new $2 billion, 65,000 seat stadium. It’s being called ‘Allegiant Stadium,’ giving the company major exposure to football fans around the country. This week, the Raiders agreed to another major partnership.

M Resort was named the “Official Raiders Team Headquarters Hotel.” Moving forward, this will be the Raiders’ meeting place the night before major games. Specific terms of this deal have not been revealed.

Just a day after this reveal, officials within M Resort announced that a Las Vegas Raiders Bar & Grill was set to open. This bar and restaurant will be opening as part of the resort’s new role as the Official Team Headquarters.

According to Hussain Mahrous, general manager of M Resort, this bar will be open 24/7 and will be one of the premier places to watch sports in the hotel.

“It’ll be a great place to watch the Raiders,” Mahrous claims. “(The guest experience will be) elevated from going to a Raider game to being part of the Raiders family.” 

Raiders Fans Still Hoping for a Playoff Run

At the start of the 2019/2020 NFL season, not many football fans had high hopes for the Oakland Raiders. They entered the season as a serious Super Bowl betting underdog according to most sports betting sites. To the surprise of many, the Raiders have managed to pull off some major victories this season.

The Raiders started out with an impressive victory over the Denver Broncos. They fell short in their next two games before rattling off two more wins over the Colts and the Bears. Since that time, they’ve alternated between wins and losses yet still have a shot at earning a spot in the playoffs.

Oakland has a fairly easy schedule over the next seven weeks. Their biggest test will come against Kansas City. If they’re able to win at least four of their next seven games, they will almost surely earn a spot in the postseason.

If the Raiders struggle to generate wins for the rest of the season, the Steelers could take their place in the playoffs. The team’s recent victory over the LA Rams proved they’re capable of beating the top teams in the league.

The games this Sunday will give us a much better idea as to how things will play out.

Online Super Bowl Odds Are Now Available!

It’s an exciting time in the 2019/2020 NFL season right now. Every team is currently competing for their spot in the postseason. Bovada, one of the best US sports betting sites currently operating, is now offering odds on which team will win the Super Bowl.

The New England Patriots are still the betting favorites. They’re currently 8-1 this season and seem poised to enter into a championship spot. Bovada lists the Patriots’ odds at +250.

New Orleans is listed second in the betting odds. This team is also performing great this year. If they get past the Buccaneers this weekend, the team’s current odds of +650 may increase.

The Raiders are currently given odds of +6600 to win the 2020 Super Bowl. As we’ve already mentioned, the team has a legitimate road to the playoffs. A bet on this team would pay off massively if they manage to win the championship.

The Las Vegas Raiders Bar & Grill will soon open at M Resorts. If you’re in Las Vegas, make sure to check this new venue out!