Henderson, Nevada may soon be home to a brand-new casino property. Next week, the City Council of Henderson will consider a resolution to formally show an intent to sell nine acres of land in the city. The land is located at St. Rose Parkway and Las Vegas Boulevard South. Marnell Gaming Management LLC wants to buy the land and create a casino resort.
Plan Details
Henderson decided to purchase the land last year to be able to control what type of development took place in the future. The city paid
Marnell wants to buy the land and then create a casino and hotel resort. It would operate the facility and spend around
New $250-million casino planned for Southern Nevada
New $250-million casino planned for Southern Nevada
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Despite the massive global COVID-19 pandemic that has crippled Nevada, as well as much of the world, a new casino could soon begin to emerge on the Silver State’s landscape. Marnell Gaming Management, a company with a long background in casino activity in Las Vegas, is proposing a new casino resort in Henderson in Southern Nevada, provided the Henderson City Council signs off on the proposal. The property would be located on a nine-acre tract of land close to the M Resort, which is also linked to the Marnell name.
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HENDERSON The City of Henderson plans to consider whether to sell a nine-acre parcel of land near the M Resort and the Las Vegas Raiders practice facility to Marnell Gaming Management LLC. The gaming company from Anthony Marnell III, who developed the M Resort, wants spend about $250 million to build a new hotel and casino on the land on the northwest corner of Las Vegas Boulevard South and St. Rose Parkway. The city bought the land in 2019 for $4.1 million. While appraisers value the land at $6.5 million, the city put a $4.3 million price tag on the plot for Marnell. State law permits the city to sell the land below market value for economic development purposes, according to the Las Vegas Review-Journal. [LVRJ]
Marnell Gaming Management wants to build a resort hotel with nonrestricted gaming and amenities The land was valued at over $6.5 million, but the city would sell the land at less than the appraised value, around $4.3 million.