Boyd Gaming executives on Thursday revealed plans to build a new casino called Cadence Crossing, at the place of the current Jokers Wild Casino site in Henderson. The new project will include a 10,000-square-foot casino with 450 slot machines, multiple dining options, and live entertainment.
Construction for the new casino is expected to begin this year and finish by early 2026, officials said. The existing Jokers Wild casino will remain open through construction. After Cadence Crossing opens, Jokers Wild will close and be demolished.
The newly built casino, located on the 15-acre site at Boulder Highway and Warm Springs Road, will be positioned to grow with the adjacent master-planned Cadence community, which is projected to have more than 12,000 residential units when fully built out. About 5,200 are occupied now.
According to the Las Vegas Review-Journal, which accessed plans submitted to the city of Henderson, a second phase of construction could expand the casino and add a minimum 114-room hotel. However, Phase Two does not have a specific timeline yet.
“As the community grows, we can grow with it based on demand, so we feel pretty good about the opportunity,” CEO Keith Smith told investors in the company’s second-quarter earnings call. “A modest investment on day one (with) opportunity to grow into the future.”
Executives with the Las Vegas-based regional gaming company did not specify how much they expect to spend on the project, but said the development and other renovations in out-of-state properties will be covered in a $100 million capital expenditure allocation on the company’s balance sheet.
Jokers Wild is currently the company’s only stand-alone casino operation in Henderson. Speaking about the shuttered Eastside Cannery Casino on Boulder Highway, Smith informed that it was the company’s view that demand has not picked up enough to warrant a reopening. The casino is adjacent to another Boyd property, Sam’s Town.
In the quarter that ended June 30th, Boyd’s consolidated operations reported a net income of $139.8 million, almost a 27.3 percent decrease from the previous year, on net revenue of $967.5 million. The company attributed the decline to one-time tax benefits that benefited its second-quarter results in 2023.
Original article: https://www.yogonet.com/international/noticias/2024/07/26/73378-boyd-gaming-to-replace-henderson-39s-jokers-wild-with-new-cadence-crossing-casino
