Casino owner Boyd Gaming Corp. Still have not opened Eastside Cannery from pandemic shutdowns, although it only spent a large amount of money on the property.
Boyd bought the land during its closed hotel casino on Boulder Highway in eastern Las Vegas Valley for $ 45 million, the property register indicates. Sales were closed last week.
The company had acquired Eastside Cannery 2016 but rented the land.
Last year, Boyd said in a letter to Clark County officials that the market conditions did not support the property’s recovery among “lots of exaggerated capacity” on their adjoining Sam’s Town Hotel casino.
Boyd spent millions of dollars a year on the rent, as it did not own Eastside Cannery Mark, and “If demand was there to open and cover these payments, the company would certainly do so,” wrote Michelle Rasmusson, Boyds Chief Compliance Officer.
“But at present that is not the case and we will need market conditions to change so that we can re -evaluate,” she wrote.
After Las Vegas Review-Journal asked why it bought the land now and if it has any plans to open the property, said Boyd speaker David Strow: “We have nothing extra to share right now.”
Bill Wortman, co -founder of Eastside Cannery’s former operator, sold the approximately 29.5 acre spread to Boyd, and his land rent agreement with the company ended when the sale was closed, according to state and county register and securities applications.
Wortman could not be reached for comments.
‘Economic conditions’
Boyd announced in the spring of 2016 that it bought the Las Vegas assets in Cannerry Casino resorts for $ 230 million. According to the deal, it acquired Cannerry Hotel casino in northern Las Vegas and Eastside Cannery.
At that time, Boyd Eastside Cannery contained 300-plus hotel rooms, a 64,000 square meter casino, several bars and restaurants, a 250-seat entertainment lounge and 20,000 square meters of meeting and ballroom space.
In March 2020, then Gov. Steve Sisolak ordered casinos and other companies in Nevada closed to help contain the Coronavirus outbreak. Nevada’s casinos were allowed to re -open in June 2020, but Eastside Cannerry remains closed to this day, with barricades who still blocked drivers from entering the property.
In his letter in April 2024 to Clark County officials, Rasmusson wrote that “financial conditions and demand” will dictate when Eastside Cannery opens again.
She also wrote that Boyd would have to hire a few hundred employees to open the property again, but the company had “significant labor challenges” over its southern Nevada portfolio, with more than 400 open positions in the region that it actively tried to fill.
Police and fire training
Although it is closed for business, Eastside Cannery has not set inactive.
Boyd invested more than half a million dollars each month “to keep the property well maintained and safe,” Rasmusson told the county, leaving that there was routinely daily maintenance, IT system maintenance and security.
“In addition, we run routine water to keep the system healthy and healthy,” she wrote.
Other organizations have also used the property.
Three Square Food Bank used the property for a weekly food distribution site during the pandemic, and police and firefighters used it for training exercises.
The Metropolitan Police Department performed more than a dozen training exercises at Eastside Cannery, including room cleaning, active shooting scenarios and cadet seminars. Crime investigators also used hotel rooms as part of their academy test, Rasmusson wrote.
In addition, Clark County Fire Department used the property to train on stairwells and to practice room searches and lift rescues.
Contact Eli Segall at esegall@ theplayerlounge.com or 702-383-0342.
