Station Casinos has outlined plans for a 600-room resort on the Inspirada land.
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Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
A local and lucky player started the weekend off with a jackpot of more than $183,000 at Sunset Station on Friday evening.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.