How Much Did Cactus Pete Casino Sell For

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Cactus Petes Resort Casino is a hotel and casino located in Jackpot, Nevada. It is owned by Gaming and Leisure Properties and operated by Penn National Gaming. It has 296 rooms and 24,827 sq ft (2,306.5 m²) of casino floor space. The casino offerings include more than 600 slot machines, including reels, video poker, video reels and video keno; two gaming pits featuring 20 table games; a seven-table live poker room and a keno lounge and sports book.^[1][2]

History[edit]

How Much Did Cactus Pete Casino Sell For Kids

After Idaho outlawed all forms of casino gaming in 1954, 'Cactus Pete' Piersanti moved his slot machine operations from Idaho to the Jackpot town site less than 1 mile (0.6 km) from the Idaho/Nevada border on U.S. Route 93. Piersanti's gaming establishment was named Cactus Pete's Desert Lodge. The establishment of Cactus Pete's and the nearby Horseshu Club in the same year is considered the founding of the town of Jackpot.^[3][4]

In 1991, Cactus Pete's completed a $22 million hotel and casino expansion making the property become one of the largest gaming facilities in Elko County. Designed by Steelman Partners, the expansion included adding a 10 story hotel tower, restaurants and an Olympic-sized swimming pool.

Cactus Pete's is one of the largest employers in Southern Idaho.^[5]

In 1993, Ameristar Casinos was founded as the parent company of Cactus Pete's and Ameristar Casino Vicksburg.

In August 2013, the property became part of Pinnacle Entertainment when that company acquired Ameristar Casinos.^[6][7] In April 2016, the property was sold to Gaming and Leisure Properties along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle.^[8][9] Penn National Gaming acquired the operations of Cactus Pete's in October 2018 as part of the acquisition of Pinnacle.^[10]

Casino[edit]

Casino games include slot machines and table games tables including Royal Match Blackjack tables, Crap tables, Let it Ride Bonus tables, 3-Card Poker games, Roulette and Ultimate Texas Hold'em. The Texas Hold'em poker room also hosts weekly tournaments.

Entertainment[edit]

Cactus Petes offers a variety of entertainment. The casino has a cabaret lounge that has band most nights of the week. Cactus Petes also has both an indoor concert hall called the Gala Showroom and an outdoor amphitheater. Concerts held at Cactus Petes have ranged from ZZ Top to The Beach Boys and from Willie Nelson to Chubby Checker.

References[edit]

1. ^'Listing of Financial Statements Square Footage'. Nevada Gaming Control Board. Retrieved May 28, 2015.
2. ^'Archived copy'(PDF). Archived from the original(PDF) on 2012-05-19. Retrieved 2012-05-31.CS1 maint: archived copy as title (link)
3. ^Ameristar Casinos - About Ameristar - HistoryArchived 2008-07-26 at the Wayback Machine
4. ^'Ameristar Casinos - Horseshu'. Archived from the original on 2008-07-26. Retrieved 2008-07-28.
5. ^Jackpot, Nevada, A Visitor's Guide
6. ^Howard Stutz (May 29, 2013). 'FTC questions Pinnacle Entertainment's bid for Ameristar Casinos'. Las Vegas Review-Journal. Retrieved 2016-07-23.
7. ^Howard Stutz (August 14, 2013). 'Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos'. Las Vegas Review-Journal. Retrieved 2016-07-23.
8. ^'Gaming and Leisure Properties, Inc. reaches agreement with Pinnacle Entertainment, Inc. to acquire Pinnacle's real estate assets' (Press release). Gaming and Leisure Properties. July 21, 2015 – via GlobeNewswire.
9. ^'Gaming and Leisure Properties, Inc. completes the previously announced acquisition of the real estate assets of Pinnacle Entertainment, Inc' (Press release). Pinnacle Entertainment. April 28, 2016. Archived from the original on 2016-08-22. Retrieved 2016-07-22.
10. ^'Penn National Gaming buys Pinnacle Entertainment, including 2 casinos in Jackpot, Nev'. Times-News. Twin Falls, ID. October 16, 2018. Retrieved 2018-10-16.

External links[edit]

Coordinates: 41°59′8″N114°40′12″W / 41.98556°N 114.67000°W

Silver Legacy Resort & Casino is a hotel and casino located in Downtown Reno, Nevada. It anchors a network of connected hotel-casinos in the downtown Reno core that included Circus Circus Reno and Eldorado Reno and are owned and operated by Eldorado Resorts. It has over 1,700 hotel rooms and suites and is the tallest building in Reno.^[2][3]

Previous joint venture owners of Silver Legacy Resort & Casino (along with Eldorado Resorts) were Mandalay Resort Group, formerly known as Circus Circus Enterprises (1995–2005) and MGM Resorts International, formerly known as MGM Mirage (2005–2015)

How Much Did Cactus Pete Casino Sell For Free

History[edit]

In 1992, Don Carano, a long time Reno attorney and CEO/Chairman of the Eldorado Hotel Casino and Clyde Turner, CEO of Circus Circus Enterprises joined together to design the Silver Legacy. At the time, Las Vegas in Southern Nevada was growing fast and far overtaking Reno with larger and more lavish casino-hotels. Carano wanted to create a similar, competitive hotel casino-resort. The total cost was projected at $230 million. On July 22, 1993, the special use permit was approved to go ahead with the construction on land owned by Carano, two city blocks which would link the new resort with Eldorado and Circus Circus.^[4]

Carano and Turner announced the official name of the resort on December 15, 1994. Following a citywide competition to name Reno's newest resort in more than a decade, the winning name 'Silver Legacy' was chosen. In June 1995, the Nevada Gaming Commission approved the gaming permit for the resort.^[5] It opened on July 28, 1995.

Carano's eldest son, Gary, served as CEO of the property and later on, his next eldest son, Glenn Carano, would join the executive team at the resort as Director of Marketing. In 2014, Glenn became the General Manager while Gary became CEO of Eldorado Resorts, Inc. The Silver Legacy also made the big screen, first in Kingpin in 1996 starring Woody Harrelson and Bill Murray, the movie showcasing the newest attractions of Reno-The Silver Legacy, and the nearby National Bowling Stadium, also completed in 1995. Glenn Carano made a short appearance in the film and many scenes were shot inside the resort. Later, in 2002, Waking Up in Reno starring Patrick Swayze, Billy Bob Thornton, Charlize Theron and Natasha Richardson, was partially filmed inside Silver Legacy. In 2014, Carano was promoted to General Manager of Silver Legacy Reno.

At 42 stories tall, the Resort Casino is the largest building in Downtown Reno. The Legacy is typically lit green at night and is referred to by many as the 'Emerald City' of Reno. Visitors occasionally compare the green lighting to the appearance of Minas Morgul, from Peter Jackson’s adaptation of the Lord of the Rings series. In support of the Nevada Wolf Pack, the Silver Legacy will sometimes turn blue. In 2013, a contest was held online to vote on if the building should turn blue permanently, but it was the color Emerald Green that won the decision.

In July 2013, Silver Legacy founded the Biggest Little City Wing Fest, a three-day chicken wing festival held on Virginia Street in front of the casino. The festival started with just a few local wing cookers but has since grown to feature 25 businesses from around the United States. In 2014, Wing King won an award for the Hottest Hot Wing and Paulie's Pizza won People's Choice Wing.

While the resort was established in 1995, an awning on the building's front entrance states that it was established a century earlier, in 1895. This date is a nod to the building's 19th century theme.

On July 7, 2015, MGM Resorts International agreed to sell its properties in Reno (Circus Circus Reno and a 50% stake in the Silver Legacy) to Eldorado Resorts for $72.5 million.^[6][7] The sale was approved and completed in November later that year.^{[8][9][10][11][12][13]}

In October 2018, Eldorado Resorts permanently shut down the Flavors! The Buffet (formerly The Victorian Buffet), leaving The Buffet at Eldorado Reno as the last hotel and casino property left under the same ownership here in Nevada.

Retail[edit]

There are six restaurants inside the Silver Legacy including Café Central (formerly Sweetwater Café and Café Sedona), Canter's Delicatessen (formerly Fresh Express Food Court and Triple Play Sports Grill), Ruth's Chris Steak House (formerly Sterling's Seafood Steakhouse), Sips Coffee and Tea, Starbucks and The Pearl Oyster Bar & Grill (formerly Fairchild's Oyster Bar). The Pearl Oyster Bar & Grill was opened in 2013 as an ode to Fairchild's, also an Oyster Bar that was open at Silver Legacy until 2013. There are eight retail stores located in the Resort Casino including The Boutique, Tradewinds Casualwear, Reflections, Carriage House, The Gift Shop, and Chester's Harley-Davidson. In 2015, Silver Legacy opened two new retail stores inside including a new children's store named Lil' Big Stuff Kid's Sweet Boutique which sells children's clothing, toys, accessories, and a large variety of retro candy. Libellule Florals is the other retail outlet that opened.

References[edit]

1. ^ ^abc'Press Room - General Information'. Silver Legacy Resort Casino. Archived from the original on August 21, 2009. Retrieved October 23, 2009.
2. ^'Listing of Financial Statements Square Footage'. Nevada Gaming Control Board. Retrieved March 16, 2015.
3. ^Walpole, Jeanne Lauf (March 1, 2007). Insiders' Guide to Reno and Lake Tahoe. Globe Pequot. pp. 39–40. ISBN978-0-7627-4190-8.
4. ^Kling, Dwayne (August 2010). The Rise of the Biggest Little City: An Encyclopedic History of Reno Gaming, 1931-1981. Reno, NV: University of Nevada Press. pp. 18–19. ISBN978-0-87417-829-6.
5. ^Brook, James; Carlsson, Chris; Peters, Nancy J. (January 1, 1998). 'The Silver Legacy'. Reclaiming San Francisco: History, Politics, Culture. City Lights Books. pp. 89–92. ISBN978-0-87286-335-4.
6. ^O'Driscoll, Bill (July 7, 2015). 'Eldorado to take full ownership of Silver Legacy, Circus Circus'. Reno Gazette-Journal. Retrieved July 8, 2015.
7. ^Stutz, Howard (July 7, 2015). 'MGM sells Reno casino holdings for $72.5 million'. Las Vegas Review-Journal. Retrieved July 8, 2015.
8. ^Morris, J.D. (November 5, 2015). 'Sale of two MGM Resorts casinos in Reno gets initial regulatory OK'. Vegas Inc. Retrieved November 21, 2015.
9. ^Stutz, Howard (November 5, 2015). 'Gaming regulators tentatively OK Eldorado's purchase of MGM's Reno casinos'. Las Vegas Review-Journal. Retrieved November 21, 2015.
10. ^Stutz, Howard (November 19, 2015). 'Gaming Commission signs off on 3 casino industry buyouts'. Las Vegas Review-Journal. Retrieved November 24, 2015.
11. ^'Officials OK sale of Circus Circus, Silver Legacy'. Associated Press. Reno Gazette-Journal. November 20, 2015. Retrieved November 21, 2015.
12. ^Stutz, Howard (November 24, 2015). 'Eldorado completes $72.5M purchase of MGM's Reno properties'. Las Vegas Review-Journal. Retrieved November 24, 2015.
13. ^Higdon, Mike (November 24, 2015). 'It's official: Eldorado Resorts buys Circus Circus and Silver Legacy'. Reno Gazette-Journal. Retrieved November 24, 2015.

External links[edit]

• Official website
• Media related to Silver Legacy Reno at Wikimedia Commons