With a stunning departure from its roots and with the city of Stratton looking for a new anchor tenant, the Stratton Resort & Casino will shut down in early 2019.
The resort’s 50th anniversary was celebrated with a big celebration on March 11, 2019, with the unveiling of the Stratten Mountain Casino and Spa, a 100-acre resort with the highest water in the U.S. at 9,400 feet (2,500 meters).
That was followed by a 50th-anniversary parade on April 9, 2019.
Stratton Mountain’s main attraction, the Casino, has been the anchor tenant for Stratton since its opening in 1964.
Since its inception, the casino has had a long and storied history, and was named one of the Top 10 Venues in America in 2016 by the Greater Las Vegas Convention & Visitors Bureau.
It also earned recognition in 2019 by being ranked the 12th most visited casino in the world, according to TripAdvisor.
The casino also holds a 10-year, $20 million contract with the City of Las Vegas.
The Stratton Hotel, the world’s tallest hotel, will remain open to the public, and will also continue to host concerts and other events in the future.
A $1 million donation to the Downtown Las Vegas Development Corporation (DLVDC) is being used to renovate the Strattens property to create a $50 million mixed-use development.
Stratton also has a plan to build a second Stratton Casino on the west side of the city.
As part of the project, the developer is planning to build the Strathmore Casino, which will be an addition to the Stratbrook casino.
The development will include 1,000 apartments, 1,100 retail, restaurants and other retail space, according the Las Vegas Review Journal.
“The Strathall Resort & Arcade will continue to be a premier destination and we will continue the partnership with the Downtown Vegas Development Corp.,” said Larry Kravitz, president and CEO of Strathwells Resort & Gaming.
The Downtown Las Angeles Business Journal reported in January that the Downtown Los Angeles Development Corp. was interested in buying the casino, which would be located near the site of the old downtown Las Vegas strip mall.
However, the development group was not willing to spend the $1.5 million that would have been required to buy the Straton.
The news comes after the City Council approved $1 billion in new funding to support a new Stratton casino, and approved $10 million in additional funds to continue the Downtown L.A. development.
The hotel, which was a part of The Stratwells, opened in 1962 as the Strats Lodge, and it hosted events and held concerts for decades.
The Hotel’s closing comes on the heels of news that the Strateys casino, located at the north end of Strathearn Lake, is closing.
The Strathwood Hotel is closing as well, and the Strathers Casino is closing in 2018.
