California developer plans to build a casino resort near Reno convention center
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California developer plans to build a casino resort near Reno convention center. Elevation Entertainment wants to end a three-decade drought for casino development. The company submitted plans for a 200-room hotel-casino to be constructed on a 20-acre site near the Reno-Sparks Convention Center. Legends Bay Casino opened in neighboring Sparks three months ago. The project's cost is being determined. It will include a 65,000-square-foot casino, restaurants and an outdoor pool deck atop the hotel tower. Stone plans an application for Nevada gaming license to operate the casino.
Reno casinos recorded a single-year record of $859 million in total gaming revenue in 2000. In 2021, Reno reported $728.4 million, its highest single year total since 2007. For the first 10 months of 2022, the gaming revenues are $628.7 million. The number of Reno reporting locations was down to 16 in fiscal year 2020. However, there has been a recent surge of non-gaming opportunities. Olympia Gaming opened the $120 million Legends Bay Casino in Sparks in August. Century Casinos is buying the Sparks Nugget for $195 million and Atlantis plans to renovate the hotel rooms in one of its two hotel towers.
