The Jean, NV portfolio includes the 302-room Nevada Landingproperty, the 800-room Gold Strike Hotel and Casino and two gasstations/rest stops catering to truckers. The portfolio came withMGM's April 2005 acquisition of the Mandalay Resort Group.
The new partnership plans to master plan, develop and operategaming casinos and housing on the property along with othercommercial and retail elements. A source with MGM tells GlobeSt.comthat few specifics on the redevelopment have been hammered outbecause the master-planning process has yet to begin, but theproject will include a brand new casino-resort and a newresidential component as well as upgraded truck stations.
One thing is for sure: the Nevada Landing property, which openedin 1989, will be shut down this April to make way for theredevelopment. The Gold Strike, which is currently having its hotelrooms renovated, will remain in operation at least until theplanned new casino opens.
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