Reno's J Resort Expands with $130M Investment, Pushing Total Development to $550M

Reno's J Resort Expands with $130M Investment, Pushing Total Development to $550M

By Michael Davidson

November 21, 2024 at 11:32 AM

Jacobs Entertainment is investing an additional $130 million in its J Resort in Reno, Nevada, bringing the total project investment to over $550 million. This expansion builds upon the initial $300 million renovation that transformed the former Sands Regency into the J Resort last spring.

Festival tents glowing at night

Festival tents glowing at night

The initial renovation included:

  • Complete renovation of 750 hotel rooms
  • Casino floor remodel
  • Addition of 1,000+ parking spaces
  • New restaurants (Hannah's Table and J Paul's Italian Steakhouse)
  • Afterglow nightclub
  • 65-foot digital exterior wall displaying global artwork

The new $130 million investment will fund:

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

This development is part of Jacobs Entertainment's broader Reno Neon Line project, which aims to create a mixed-use corridor along W. 4th Street. The company has already invested over $100 million in purchasing and clearing properties in the area.

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

  • 2018: $865.7 million GGR
  • 2019: $857.2 million GGR
  • 2020: $676 million GGR
  • 2021-2023: Over $1 billion GGR annually

The investment comes as other developers, including the Meruelo Group, are also expanding in Reno, with plans for a $400 million indoor arena downtown.

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