Station Casinos has loaded up on more land in Las Vegas, closing a big purchase just a few days after it unveiled plans to demolish three shuttered hotels in Southern Nevada.
The locals-focused casino operator acquired roughly 126 acres at the southwest corner of Las Vegas Boulevard and Cactus Avenue for $172.4 million. The sale, by developer Larry Canarelli, closed Monday, property records show.
Station’s new holdings, several miles south of the Strip, are across the street from a 57-acre spread that the company has owned for years and has tried to sell.
