Ramada Hotel and Speedway Casino (1999-2008) MTR said it would complete an expansion already in progress, adding 10,000 square feet (930 m 2) of gaming space with 350 slot machines and 5 table games, and would rename the property as the Speedway Hotel & Casino and add a motor racing theme, in reference to the nearby Las Vegas Motor Speedway. This is all before the casino and the main resort which would boast 700 rooms, an 85,000-square-foot casino gaming floor, 75,000-square-feet of convention space, and a 400-unit timeshare. Gambling harm report kept under wraps as NSW gains pokie tax dollars. With the NSW Planning Assessment Commission choice on approval for James Packer's proposed brand-new hotel, casino and house tower at Barangaroo impending, much of the focus has actually been on the scale of the advancement. Speedway Australia. NEW RULEBOOK AVAILABLE NOW – WHAT’S NEW? The September 2020 edition of the Speedway Australia rulebook is now available for download. In addition to a general freshen up, the rule changes relate to the introduction of new safety standards from the FIA and Snell Foundation. New FIA safety standards, FIA 8856-2018.

1. Speedway Casino Nsw Official Site
2. Speedway Casino Las Vegas

Sydney Speedway To Be Demolished – Photo: Art of Speedway

AUSTRALIAN SPEEDWAY has been rocked today with the sudden news that Valvoline Raceway (Sydney Speedway) at Granville will be demolished to make way for the new Sydney Metro West’s stabling and maintenance facility.

By GEOFF ROUNDS

Construction will soon begin on the Western Sydney Metro, with the location of seven station confirmed today by the NSW Government.

Premier Gladys Berejiklian said construction work will begin mid next year, commencing at the Bays Precinct, to prepare the site for major tunneling works.

The first works in the Bays Precinct will include site surveys, investigations and early works such as road relocation. The locations of seven proposed Metro stations have been confirmed at Westmead, Parramatta, Sydney Olympic Park, North Strathfield, Burwood North, Five Dock and the Bays Precinct.

The news has left current Valvoline Raceway officials furious saying that the State Government’s failure to consult them about demolishing the track will throw the sport in Australia into “disarray.”

Speedway business director Felicity Waldron said the government had not indicated the track would be used for the underground transport network despite two years of renegotiating to renew a Crown land lease that expires in 2026.

Negotiations were undertaken in an effort to overhaul the 42-year-old track with new stands, a hotel and a carpark.

But she and her husband Barry, who is also a principal at the site, only discovered that the track would be cleared for a stabling and maintenance facility to operate opposite Rosehill Racecourse today.

The centre will be bound by James Ruse Drive, the M4, and Unwin and Shirley streets, and include the speedway site.

A Sydney Metro West spokesman said Speedway operators were notified about the project “the same time as all other affected parties” but Mrs Waldron said she only received a call from a government official about 11am today.

“(We’re in) total shock,’’ Mrs Waldron said.

“We’ve been pushing and fighting for two years. We’ve wanted to do major improvements to the facility. In none of that two years have they ever said anything about the train.

“The government has never, ever said and they’ve had ample opportunity in renewing the lease. This is like an episode of The Castle.’’

“It just impacts the whole sport in Australia, not just in Sydney.”

The speedway’s property adviser John Elvy slammed the government’s “appalling” lack of consultation about the Metro project despite dealing with ministers Melinda Pavey, Rob Stokes and Parramatta state Liberal MP Geoff Lee.

“I think it’s appalling,’’ Mr Elvy said.

“The government needs to take some responsibility and be transparent.

“This Metro has been talked about for five years. They should have said ‘Look, we won’t give you approval for a new lease because it’s being considered for the Metro. It’s an international speedway.”

The Sydney Metro West spokesman said construction work would not start before mid-2021.

“Sydney Metro’s preference is to reach a commercial agreement with affected land owners/tenants, as occurred with 85 per cent of people on the Sydney Metro Northwest project and 80 per cent of people on Sydney Metro City and Southwest project,’’ he said.

“Sydney Metro will work closely with all affected parties.”

The Raceway is a focal point for the industry nationally and internationally and has attracted tens of thousands of spectators and literally thousands of race competitors over its four-decade reign.

The impact that a development like this would have for the sport of Australian Speedway nationally and indeed internationally (the sport of Speedway in Australia is some 93 years old having started in Maitland NSW in 1923) would be devastating.

Barry and Felicity Waldron have invested literally millions of dollars into the upgrading, the maintaining and the future development of the Valvoline Raceway since 2014 firmly in the belief that with a long-term lease they could take the sport into a new era.

“This is devastating. Absolutely devastating, I can’t believe that in all our dealings with the Government through Crown Lands in our proposed long- term planning discussions nobody thought to give us even a hint that this could happen,” says Barry Waldron, “how is it possible something as enormous as that could be overlooked?”

For more of the latest motorsport news pick up the current issue of Auto Action. Also make sure you follow us on social media Facebook, Twitter,Instagram or our weekly email newsletter for all the latest updates between issues.

Date posted: October 21, 2019

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Lucky Club Casino and Hotel is a casino and 118-room hotel located on 6.1 acres (2.5 ha) in North Las Vegas, Nevada. The casino is owned and operated by Lucky Silver Gaming.

History[edit]

Budget Host Inn[edit]

In June 1995, after spending eight years in bankruptcy, the Budget Host Inn was acquired at auction for $1.1 million by Shawn Scott, owner of the Post Office Casino in Henderson.^[2]

Cheyenne Hotel (1995-99)[edit]

Scott renamed it as the Cheyenne Hotel, and made plans to revitalize the run-down property, including reopening the restaurant and lounge and adding a hotel tower and a casino, taking advantage of the site's grandfathered gaming status.^[2] He requested a license for 75 slot machines and 2 table games, but the Nevada Gaming Commission in December 1996 issued only an 11-month limited license for 25 machines, finding his record management to be sloppy.^[3] By 1997, the Cheyenne was operating as a Days Inn.^[4]

In 1998, MTR Gaming, the West Virginia-based parent company of the Mountaineer Racetrack, acquired the Cheyenne for $5.5 million in cash.^[5]

Speedway Casino Nsw Official Site

Ramada Hotel and Speedway Casino (1999-2008)[edit]

MTR said it would complete an expansion already in progress, adding 10,000 square feet (930 m²) of gaming space with 350 slot machines and 5 table games, and would rename the property as the Speedway Hotel & Casino and add a motor racing theme, in reference to the nearby Las Vegas Motor Speedway.^[6] The hotel became a Ramada Inn. The casino opened in March 1999, leased to Dynasty Games, with 143 slot machines.^[7] MTR received its gaming license the following September, and said it would take over operation of the casino on October 1.^[8] The official grand opening was held in March 2000, with the casino having expanded to over 300 slot machines, with table games and a Leroy's sportsbook, racing-themed dining areas, and a racecar simulator.^[9]

By November 2000, the property had failed to turn a profit, and was taking measures to attract value-conscious guests, including Hispanics, Nellis Air Force Base personnel, and North Las Vegas residents.^[10] By 2004, MTR was reporting annual net revenue of $9.8 million at the Speedway.^[11]

In February 2007, MTR agreed to sell the complex to Mandekic Cos. for $18.2 million.^[11] Mandekic assigned its agreement in May to Ganaste, LLC,^[12] a partnership of three investors managed by Seth Schorr, son of Wynn Resorts COO Marc Schorr.^[13] The buyers hoped to use the Speedway as a training ground to learn the gaming business before moving on to other acquisitions.^[13] The sale of the land and buildings was completed in January 2008 for $11.4 million, with MTR continuing to operate the casino, leasing it for $70,000 a month.^[13]

Lucky Club Hotel and Casino (2008-present)[edit]

Ganaste took full ownership in June 2008,^[14] and promptly renamed the property as the Lucky Club Casino and Hotel.^[15]

An electrical fire on June 9, 2008 forced the casino to close for two weeks while critical equipment was repaired.^[14]Nevada Gaming Commission approvals in 2013 indicated that a reorganization plan was approved and new ownership was held by Lucky Silver Gaming (LSG). LSG is owned by Seth Schorr, Jeff Fine and other partners.^[14]

In 2018, the property was put up for sale, with an asking price of $13 million.^[16]

References[edit]

1. ^'MTR Gaming Group Inc'. Retrieved 2008-02-09.
2. ^ ^abBadger, Michael (July 25, 1995). 'Renovations perk up blighted corner'. Las Vegas Review-Journal. – via Factiva (subscription required)
3. ^Vogel, Ed (December 11, 1996). 'Gaming regulators grill Ormsby House owner'. Las Vegas Review-Journal. – via Factiva (subscription required)
4. ^Edwards, John G. (July 29, 1997). 'Las Vegan buys stake in Sands Regent'. Las Vegas Review-Journal. Retrieved 2012-09-21.
5. ^'Company buys two resorts - Race track's parent group acquires hotels, casinos in Nevada'. Charleston Gazette. May 7, 1998. – via Factiva (subscription required)
6. ^'MTR Gaming Group Purchases Two Nevada Gaming Properties' (Press release). MTR Gaming Group. May 7, 1998.
7. ^'MTR Gaming Group opens Speedway Casino'. Reuters. March 9, 1999. – via Factiva (subscription required)
8. ^'MTR Gaming receives licenses for casinos'. Las Vegas Review-Journal. September 24, 1999. Retrieved 2012-09-21.
9. ^'MTR Gaming Group Announces Grand Opening of Speedway Casino & Cafe' (Press release). MTR Gaming Group. March 2, 2000. Retrieved 2012-09-21.
10. ^Hodge, Damon (November 22, 2000). 'Fast times foreseen for Speedway'. Las Vegas Review-Journal. Retrieved 2012-09-21.
11. ^ ^abKnightly, Arnold M. (February 14, 2007). 'Speedway Casino sold away'. Las Vegas Review-Journal (via Casino City Times). Retrieved 2012-09-21.
12. ^Form 10-K (Report). MTR Gaming Group. April 3, 2008. p. 27. Retrieved 2012-09-21.
13. ^ ^abcKnightly, Arnold M. (January 18, 2008). 'New Speedway owner has revival plans for NLV casino'. Las Vegas Review-Journal. Retrieved 2012-09-21.
14. ^ ^abcKnightly, Arnold M. (September 26, 2008). 'Staging a revival in troubled times'. Las Vegas Review-Journal. Retrieved 2012-09-21.
15. ^Knightly, Arnold M. (November 2, 2008). 'Feeling Lucky: Ex-Wynn worker aims to remake Speedway Casino'. Las Vegas Review-Journal. Retrieved 2012-09-21.
16. ^'Colliers International – Las Vegas offers sale of full-service hotel casino in North Las Vegas' (Press release). Colliers International. November 21, 2018. Retrieved 2018-11-24 – via Nevada Business.

Speedway Casino Las Vegas

External links[edit]

Coordinates: 36°13′7″N115°7′17″W / 36.21861°N 115.12139°W