Olympia set to tackle new casino projects

Jul 4, 2006 3:51 AM

Former Caesars Palace President Dean Harrold was recently named to lead Olympia Gaming’s efforts in new development.

In this role as vice chairman, Harrold will lead the gaming division as it expands its presence in Las Vegas and other jurisdictions.

"Dean is a tremendous addition to our executive team," stated Garry Goett, chairman and CEO of Olympia Gaming. "His business background and knowledge of the gaming industry provides Olympia with an opportunity for even more expansion and success. We’re pleased to welcome him."

Formed in 2005, Olympia Gaming is the gaming development division of the Olympia Group, whose subsidiaries and related entities include the 2,700-acre Southern Highlands master-planned community, as well as other high-profile real estate and mixed-use projects in Nevada.

Even though the company is only a year old, Goett isn’t a stranger to gaming. Three years ago, Goett’s company opened the successful Casino Fandango in Carson City.

Last year, Olympia Gaming received approval from the Clark County Board of Commissioners to develop the Southern Highlands Casino Resort Spa, a $1 billion, 70-acre, mixed-use resort project scheduled to open in spring 2009.

Last week, the city of Sparks and RED Development announced that Olympia Gaming will build a casino resort and spa as part of The Legends at Sparks Marina outdoor shopping and entertainment development.

Olympia’s $500 million casino, resort and spa will be an upscale 12-acre destination situated on Helms Lake and, at full build out, will feature:

”¡ 1,000 oversized hotel rooms and suites, each appointed with rich amenities and featuring lake and mountain views

”¡ A spacious casino including a wide array of slots and table games, a tournament-style poker room, and a state-of-the-art race and sports book

”¡ Five fine dining and casual restaurant venues

”¡ A high-end spa, fitness center and salon

”¡ Private beach and swimming pool

”¡ Lakefront amphitheater and water show

”¡ A large-scale convention and meeting facility

"This is a tremendous opportunity for the City of Sparks to raise its flag as a true tourism destination," Goett said. "We’ve worked hand-in-hand with city officials and RED Development to create a resort destination that places The Legends at Sparks Marina on the map for tourism to this region. I envision constructing a spectacular resort that attracts visitors from all over the West."

Phase one of Olympia Gaming’s new casino, resort and spa will include 500 rooms and is scheduled to break ground in early 2007 and open in late 2008 or early 2009.

Additionally, Olympia is in the planning stages of several large-scale developments throughout the state, including a 250-acre mixed-use development located on the South Strip in Las Vegas.