Search
 

Vegas Player Gains Clearance for $50M Casino

SANTA FE, NM-The National Indian Gaming Commission's ruling opens the door for Full Resorts Inc. to put a 50,000-sf casino on Nambe Pueblo lands.

By Amy Wolff Sorter | Updated on March 21, 2007

SANTA FE, NM-A Las Vegas developer has cleared a hurdle with the National Indian Gaming Commission regarding its environmental impact study for the Nambe Pueblo lands, where the plan is to build a 50,000-sf casino. The $50-million casino will be the first one run by the Nambe Pueblo tribe.

In the decision, the gaming commission says there will be no significant environmental impact to the tribe’s land due to the development. The casino will be built on 30 acres along US Hwy. 84, 15 miles north of Santa Fe. With the hurdle cleared, work can begin. The casino is slated to open in third quarter 2008. Andre M. Hilliou, CEO and director of Full House Resorts Inc., tells GlobeSt.com that a specific groundbreaking date hasn’t been determined, but it will take about one year to complete the development.

Although there is plenty of casino competition in the area, Hilliou says the market continues to be good for quality entertainment establishments. “This is the second closest casino to Santa Fe, which has great demographics,” says Hilliou, whose company also will manage the development after its completion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.