![]() The larger acreage parcel allows the Company greater flexibility in master planning to take maximum advantage of the future development,” a statement reads. “We are excited about the potential of this site as a local and regional destination casino resort. Station Casinos, however, did say it is “excited” about the potential for this site as a destination casino resort. Developer Larry Canarelli, in charge of the sale, told the cited source that due to its “magnitude,” the deal eclipsed other land sales in the area.Ī representative for the company confirmed the land acquisition to FOX5 on Wednesday, but no formal plans for the land have yet been announced. The locals-focused casino operator acquired Monday roughly 126 acres at the southwest corner of Las Vegas Boulevard and Cactus Avenue for $172.4 million, reports Las Vegas Review-Journal. The big purchase comes just a few days after the operator announced plans to demolish and sell the land of three closed venues it owns in Southern Nevada with the intention to reinvest in its current portfolio and also to expand it. ![]() Hotel and casino company Station Casinos has bought 126 acres south of the Las Vegas Strip, according to local media reports.
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