Boyd Gaming has confirmed it would demolish the long-closed Eastside Cannery hotel-casino and promote the property for residential improvement. The transfer ends years of hypothesis concerning the destiny of the location on Boulder Freeway, which has been dormant because the COVID-19 shutdowns in 2020.
The Eastside Cannery has remained closed since Nevada’s statewide on line casino closures greater than 5 years in the past. Boyd Gaming, which owns the property, decided that demand within the native market didn’t justify reopening the resort. Firm officers stated the choice adopted a prolonged evaluate of monetary and operational concerns.
In-built 2008, the Eastside Cannery featured a 16-story lodge tower with 307 rooms, a 64,000-square-foot on line casino ground, a number of bars and eating places, a 250-seat leisure lounge, and 20,000 sq. toes of assembly area. The property was as soon as thought of an necessary a part of the Boulder Strip’s native gaming scene.
Boyd Gaming acquired the Eastside Cannery in 2016 as a part of a $230 million deal that additionally included the Cannery On line casino Resort in North Las Vegas. Whereas the North Las Vegas location continues to function, the Eastside property by no means reopened after the pandemic closures.
Throughout its closure, the location was utilized by neighborhood teams and public businesses. The Three Sq. Meals Financial institution operated weekly meals distribution occasions there, whereas native legislation enforcement and fireplace departments used the amenities for coaching, together with emergency response and active-shooter drills.
Regardless of being closed, Boyd continued to take care of the property at important expense, reportedly spending greater than half one million {dollars} per thirty days on utilities, expertise methods, and safety. These ongoing prices, mixed with restricted market curiosity, contributed to the corporate’s choice to demolish the constructing.
The transfer follows a broader pattern in Las Vegas, the place a number of casinos that closed in the course of the pandemic have since been demolished relatively than reopened. Different Boyd properties, together with the previous Joker’s Wild web site in Henderson, are being repurposed for brand new improvement underneath the corporate’s Cadence Crossing mission.
Boyd Gaming has begun preparations for demolition and is in discussions to promote the Eastside Cannery web site to builders for residential use. The corporate has not but introduced a timeline for when the demolition will start or when the property is likely to be bought.
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