{"id":2515,"date":"2024-11-20T17:43:23","date_gmt":"2024-11-20T18:43:23","guid":{"rendered":"http:\/\/opiniao-publica24-7.com\/?p=2515"},"modified":"2024-11-27T15:30:56","modified_gmt":"2024-11-27T15:30:56","slug":"renos-j-resort-announces-additional-130m-investment-total-project-now-over-550m","status":"publish","type":"post","link":"http:\/\/opiniao-publica24-7.com\/index.php\/2024\/11\/20\/renos-j-resort-announces-additional-130m-investment-total-project-now-over-550m\/","title":{"rendered":"Reno\u2019s J Resort Announces Additional $130M Investment, Total Project Now Over $550M"},"content":{"rendered":"

Colorado-based Jacobs Entertainment, the company behind the redevelopment and rebranding of the Sands Regency to the J Resort in Reno, Nev., continues to live up to its pre-project promises.<\/span><\/p>\n

\"J
The J Resort is set for further investment following its $300 million renovation and rebranding. Parent company Jacobs Entertainment has put aside another $130 million for the destination. (Image: J Resort)<\/figcaption><\/figure>\n

Jacobs Entertainment spent $300 million to overhaul the former Sands Regency. The new property debuted as J Resort last spring, with the investment renovating all 750 hotel guestrooms, remodeling the casino floor, and adding over 1,000 surface parking spaces.<\/span><\/p>\n

The resort additionally brought in new restaurants, including Hannah\u2019s Table and J Paul\u2019s Italian Steakhouse, plus a nightclub called Afterglow. A digital exterior wall measuring 65 feet displays artwork curated from around the world.<\/span><\/strong><\/p>\n

This week, Jacobs Entertainment, controlled by founder and CEO Jeff Jacobs, confirmed to the Reno Gazette-Journal <\/i>that the company will invest another $130 million to further improve the J Resort.<\/span><\/p>\n

Reno Redo<\/b><\/span><\/h2>\n

Jacobs Entertainment acquired the Sands Regency in 2017 for $30 million. Two years later, the company announced an ambitious plan to inject $1 billion into Reno and bring \u201cThe Biggest Little City in the World\u201d an innovative attraction called the Reno Neon Line<\/a>.<\/span><\/p>\n

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Located along W. 4th Street from N. Arlington Ave. west to Vine St., Jacobs\u2019s master plan includes a mixed-use hospitality, entertainment, art, and residential corridor. Of course, casino gambling is also in the mix.<\/span><\/p>\n<\/div>\n

Along with the J Resort casino featuring 400 slot machines, a dozen table games, and a sportsbook, Jacobs owns and operates Gold Dust West along 4th and Vine. Gold Dust offers 450 slots, video poker, and keno.<\/span><\/p>\n

Jacobs spent more than $100 million in purchasing blighted motels and vacant buildings along and near his planned Reno Neon Line. He\u2019s also committing another $130 million to further expand and update the J Resort.<\/span><\/p>\n

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We have over $400 million currently invested in downtown Reno. With the additional $130 million to be spent, we will have invested close to $550 million,\u201d Jacobs told the Reno Gazette-Journal<\/i><\/a>.<\/span><\/p>\n<\/blockquote>\n

The $130 million allocation will be used to construct two new event spaces and an exhibition hall where Jacobs will display his famed Ferrari collection. An indoor-outdoor pool atop the J Resort\u2019s west tower and a full-service spa is also included.<\/span><\/p>\n

Outside, $5 million of the budget is being set aside to build a concert and festival grounds space. The Glow Plaza, as it\u2019s being billed, will be located across W. 3rd St. on what is currently a paved parking lot between Arlington and Ralston Streets. The music venue will be capable of hosting 15K people at a time.<\/span>\u00a0<\/span><\/p>\n

Reno Revenue<\/b><\/span><\/h2>\n

Reno\u2019s casino industry<\/a> has been soaring since the COVID-19 pandemic.<\/span><\/p>\n

Gross gaming revenue<\/a> (GGR) in Washoe County, home to Reno, totaled $865.7 million in 2018. GGR fell to $857.2 million in 2019 and to $676 million in 2020.<\/span><\/p>\n

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Pent-up demand led to a rally in 2021, as casino win topped $1 billion for the first time since 2007. County casino revenue stayed upwards of the $1 billion mark in both 2022 and 2023.<\/span><\/p>\n<\/div>\n

Jacobs isn\u2019t the only one bullish on Reno and Northwest Nevada. The Meruelo Group, which owns the Grand Sierra Resort, is seeking to build a $400 million, 10,500-seat indoor arena in downtown Reno<\/a>.<\/span><\/p>\n

The post Reno\u2019s J Resort Announces Additional $130M Investment, Total Project Now Over $550M<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Colorado-based Jacobs Entertainment, the company behind the redevelopment and rebranding of the Sands Regency to the J Resort in Reno, Nev., continues to live up to its pre-project promises. The J Resort is set for…<\/p>\n

Continue Reading “Reno\u2019s J Resort Announces Additional $130M Investment, Total Project Now Over $550M”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2515"}],"collection":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/comments?post=2515"}],"version-history":[{"count":2,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2515\/revisions"}],"predecessor-version":[{"id":2518,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/posts\/2515\/revisions\/2518"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/media\/2517"}],"wp:attachment":[{"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/media?parent=2515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/categories?post=2515"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/opiniao-publica24-7.com\/index.php\/wp-json\/wp\/v2\/tags?post=2515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}