Station
Eager for a Local Casino Location in NLV
Station Casinos apparently isn't
content to wait for Aliante.
Casino
industry insiders have long believed that Station
Casinos will have the inside track when it comes
time for a casino operator to partner with the
developer of Aliante in North Las Vegas.
But
a top Las Vegas casino executive says the locals
casino giant has been talking recently with
Jack Binion about opening a Station-branded
casino at a North Las Vegas site the Binion
family owns near the northwest corner of Centennial
Parkway and Losee Road. Binion's plans for the
site include 1.7 million square feet of commercial
space, including a hotel, movie theaters and
five anchor stores.
The
site is just south of the yet-to-be-completed
Las Vegas Beltway and east of the eastern boundary
of Aliante.
Pulte
Homes and American Nevada are partners in North
Valley Enterprises LLC, the developer of Aliante.
American Nevada is owned by the Greenspun family,
which owns the Las Vegas Sun. Station and the
Greenspuns already co-own Green Valley Ranch
as well as Barley's brew pub on Sunset Road,
with Station operating the properties.
Green
Valley Ranch is a hugely successful resort.
When the Aliante developers decide, as they've
said they eventually will, to announce a casino
partnership, that operator would also be expected
to do quite well.
"Jack's
got one of the corners, and Station's been talking
to him," the executive said. "Everyone
thought they'd wait to build at Aliante, but
they'd have to split it 50-50. If they build
on their own on Jack's site, they'd get to keep
100 percent."
Speaking
of Station, a proposed new superarterial could
threaten the traffic flow into and out of the
company's Rancho Road lineup of casinos.
Preliminary
discussions by local transportation officials
about converting Rancho into a Desert Inn Road-style
throughway with limited access has captured
the attention of Station brass.
While
Station executives say that they are totally
in favor of improving traffic flow in and around
the valley, they plan to watch and wait to see
how the project -- which could take as long
as two decades to complete -- would affect their
properties.
Station
owns Palace Station on Sahara Avenue near the
southern end of the proposed Rancho superarterial.
Further north on Rancho are Station's Wildfire
minicasino, and its Texas Station, Fiesta Rancho
and Santa Fe Station casinos.
Station
bosses remember all too well the construction
disruption they faced a few years ago at Palace
Station when Sahara Avenue was being widened
near Interstate 15. That project slowed traffic
and hurt Palace Station's business.
"It's
an interesting concept," said Lori Nelson,
Station's top communications boss. She said
it is too early in the planning process for
the company to stake out a position for or against
the proposed project, but that Station will
keep a close eye on developments.
"Our
business model centers on convenience and easy
access to our properties," Nelson said.
MGM
Mirage Chairman Terry Lanni says the Strip giant
is unfazed by talk of a high-end condominium
glut near Las Vegas Boulevard.
In
fact, he said, the company has expanded its
plans for residential units at its $5 billion-plus
CityCenter development, and now expects to include
about 690 units as part of the retail component
of the project to be built south of Bellagio.
Bill
Paulos told me in October that he wasn't quite
ready to say where he and partner Bill Wortman
planned to build their next Cannery-branded
casino.
The
time is now right. Last week he told Sun gaming
reporter Liz Benston that the next location
will be at a site on Boulder Highway. Wortman
co-owns the Nevada Palace site, just east of
Sam's Town. The Cannery owners have yet to release
a timetable for the new project that would capitalize
on the brand of their Craig Road property in
North Las Vegas.
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