Station Casinos pulls land sale listings, says Reno casino still possible

All options are on the table for site of Station's proposed Reno casino.

Jason Hidalgo
Reno Gazette Journal
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This is a rendering of the casino Station Casinos is planning to build at the corner of South Virginia Street and Kietzke Lane.

Station Casinos has pulled the sale listings for two Reno properties on a commercial real estate site, with a company source saying that a new casino in the Biggest Little City could still be possible.

The Las Vegas-based gaming company pulled the listings sometime late Tuesday after the Reno Gazette Journal reported that Station’s remaining Reno properties were listed for sale on the Commercial Real Estate Exchange website. The listings were posted on Sept. 5.

A look back:Station Casinos fuels biggest little debate in Reno

The listings involve two parcels, the sites for two proposed developments over the last 15 years. One was 88 acres on Mount Rose Highway that has been on and off the market several times. It was originally proposed as the site for a massive hotel-casino.

The other is just shy of 8 acres on the high-traffic corner of Kietzke Lane and South Virginia Street, across from the Reno-Sparks Convention Center.

A screenshot of a land listing for Station Casino's Reno property on Kietzke Lane and South Virginia Street. The listing has since been pulled.

“The 88-acre Mt. Rose site has been on the market since late last year,” Station said in a statement sent to the Reno Gazette Journal on Tuesday evening. “In regards to the attractive and strategically located convention center site, Station Casinos is currently weighing all options, including developing the property ourselves.”

Original plans for Reno sites 

The convention center site was set to be the location of Station’s first casino in Reno after plans for the large Mount Rose hotel-casino fell through. Plans for the development, which included 20,908 square feet devoted to gaming, were presented to the Reno City Council in 2016. In addition to a sportsbook, sports bar and mobile wagering kiosks, Station proposed a five-screen cinema, 12-lane bowling alley and four restaurants.

The plan was approved by the city of Reno despite opposition from Monarch Casino & Resort, the parent company for the Atlantis Casino Resort Spa located just a block away from the proposed Station site.

The larger Mount Rose site, meanwhile, was one of several south Reno parcels bought by Station as part of an acquisition spree more than a decade ago as the company tried to gain a foothold in the area. It was supposed to be the site of an ambitious $500 million hotel-casino project with 900 hotel rooms that Station proposed in 2005. The project was approved by the Reno City Council the following year but fell off the radar after the Great Recession.

A screenshot of a land listing for Station Casino's Reno property on Mount Rose Highway. The listing has since been pulled.

In 2014, Station sold 101 acres in south Reno but kept the Mount Rose property. Two years later, documents acquired by the Reno Gazette Journal showed that Station was in the early stages of seeking offers, which was confirmed by the commercial real estate firm overseeing the property. Station Casinos would later deny that it was actively marketing the site for sale.

Station Casinos to weigh options amid COVID-19 impacts

This year, Station Casinos has been dealing with the impact of COVID-19, which has adversely affected Nevada’s gaming industry. The pandemic has placed the fate of four Station properties in Las Vegas — Texas Station, Fiesta Henderson, Fiesta Rancho and the Palms — in doubt following an August earnings call by the company.

“We don’t know if, or when, we’re going to reopen any of the closed properties,” CEO Frank Fertitta III said. “We think it’s too early to make that decision at this time.”

Jason Hidalgo covers business and technology for the Reno Gazette Journal, and also reviews the latest video games. Follow him on Twitter @jasonhidalgo. Like this content? Support local journalism with an RGJ digital subscription.

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