Reno's J Resort Investment Hits $550M With New $130M Development Plan

Reno's J Resort Investment Hits $550M With New $130M Development Plan

By Marcus Bennett

November 21, 2024 at 11:31 AM

Jeff Jacobs' J Resort in Reno is expanding with an additional $130 million investment, bringing the total project investment to over $550 million. This latest development follows the successful $300 million renovation of the former Sands Regency, which reopened as J Resort last spring.

Festival tents glowing at night

Festival tents glowing at night

The initial renovation included:

  • Complete overhaul of 750 hotel rooms
  • Casino floor remodeling
  • Addition of 1,000+ parking spaces
  • New dining venues including Hannah's Table and J Paul's Italian Steakhouse
  • Afterglow nightclub
  • 65-foot digital exterior wall featuring global artwork

The new $130 million expansion will add:

  • Two new event spaces
  • Exhibition hall for Ferrari collection display
  • Rooftop indoor-outdoor pool
  • Full-service spa
  • The Glow Plaza concert venue (15,000-person capacity)

This development is part of Jacobs Entertainment's broader Reno Neon Line initiative, which aims to transform W. 4th Street into a mixed-use corridor featuring hospitality, entertainment, art, and residential spaces. The company has already invested over $100 million in purchasing and clearing blighted properties along the planned route.

Reno's casino industry has shown strong growth since the pandemic:

  • 2023: Over $1 billion in gaming revenue
  • 2022: Over $1 billion in gaming revenue
  • 2021: First time exceeding $1 billion since 2007
  • 2020: $676 million
  • 2019: $857.2 million
  • 2018: $865.7 million

The project represents one of several major investments in Reno's gaming sector, including The Meruelo Group's planned $400 million, 10,500-seat indoor arena in downtown Reno.

Related Articles

Previous Articles