Las Vegas-based Nevada Palace has agreed to build a gambling complex in Reynosa, Mexico, just across the Texas border.
Owner Bill Wortman plans to spend $100 million to build a casino and 18-hole golf course in the community of nearly one million people. Reynosa is located near McAllen, Texas.
The project awaits the approval of the Mexican government, which has long-opposed legalized gambling within its country’s borders. However, Mexican President Vicente Fox has said he would support legalized gambling in areas frequented by foreign tourists.
A large percentage of the Reynosa residents work low-paying jobs in factories operated by U.S. companies.
