- Station Casinos completed the sale of a 57-acre lot along Las Vegas Boulevard to HCA Healthcare last month.
- Despite moving the property, Station still has extensive land holding in Southern Nevada after a busy buy-and-sell in 2022.
- The gaming company also demolished 4 casinos in 2022 intending to sell the land or combine it with a future project.
A new medical campus could soon be on the rise along Las Vegas Boulevard after Station Casinos sold a nearly 57-acre lot to a hospital chain.
A hospital chain acquired a sprawling land tract south of the Strip from Station Casinos, raising the prospects of a new medical campus.https://t.co/E1u6fQTOD0
— Las Vegas Review-Journal (@reviewjournal) January 6, 2023
Located at the northwest corner of Las Vegas Boulevard and Cactus Avenue, the 56.6-acre plot had been owned by Station Casinos for the last four years. But last month, the casino company and HCA Healthcare completed the sale for $62.3 million. Both companies have since confirmed the deal but HCA told the Las Vegas Review-Journal that it has no specific plans for the land.
HCA Healthcare is based in Nashville, Tennessee, and operates the Sunrise, Southern Hills, and Mountain View Hospitals in the Las Vegas Valley. Its portfolio includes 182 hospitals and 2,300 other locations, including doctors’ clinics, urgent care centers, and free-standing emergency rooms.
Still Has Extensive Land Holdings in Southern Nevada
Despite the sale, Station Casinos still has extensive land holdings in Southern Nevada. It has been in buy-and-sell mode during 2020 in a bid to overhaul its existing land portfolio with an end goal of doubling its casino presence by 2030.
Last July, Station Casinos acquired a 126-acre plot south of the Las Vegas Strip. That property, located at the southwest corner of Las Vega Boulevard and Cactus Avenue, had a price tag of $172.4 million and is just across the 57-acre plot that the company sold. At the time of the acquisition, Station Casinos talked about the site’s potential to become a destination casino resort.
In late November, the company then sold 21 acres of land next to its Durango casino project in the southwest valley for $24 million to an apartment developer. Before 2022 ended, Station Casinos bought a 67-acre land at the northwest corner of Losee Road and the 215 Beltway in Las Vegas for $55 million. The lot will be used for a resort with a 75,700-square-foot casino and a 600-room hotel.
One month ago, the Henderson City Council approved the city’s purchase of a 35-acre lot which was the site of one of the casinos that Station demolished last year. That site will be turned into a recreational sports complex by the city.
Station Casinos Demolished 4 Casinos in 2022
Aside from buying and selling land last year, Station Casinos also demolished four casinos in 2022. Shortly before buying the 126-acre lot mentioned above, Station casinos announced that it would be tearing down three Southern Nevada casinos that remained shuttered since the onset of the COVId-19 pandemic with the intention to sell the land on which they were built.
A couple of months after announcing the demolition of Fiesta Henderson, Fiesta Rancho, and Texas Station, the company announced that it would be demolishing a 4th gaming property in the small Wild Wild West Casino located on 20 acres of land near the intersection of Interstate 15 and Tropicana Boulevard. Station Casinos said that its land will be combined with an adjoining 80 acres for a future project.
Also last year, Station Casinos announced that it would be opening a new Wildfire Casino in the Fremont area of downtown Las Vegas. Located at 2700 Fremont St. near Charleston Boulevard, the casino will have 200 slot machines, electronic table games, and bar-top gaming. The casino will also feature a retained STN Sportsbook and will make its debut next month.
Station Casinos is also currently building a casino resort in Durango. The $750 million project is expected to open in the 4th quarter of this year and will feature an 80,000-square-foot casino with about 2,000 casinos, 46 table games, and a retail sportsbook. The company also announced plans to construct an 80,000-square-foot casino with a 600-room hotel in the Inspirada Community in Henderson in 2024.
