ARCIS Equity Partners, based in Dallas, has purchased the Desert Pines Golf Club of Las Vegas. Dallas-based Eagle Golf Management will operate Desert Pines.
ARCIS purchased the golf course 3415 E. Bonanza Road in Las Vegas from Walters Golf. The deal closed this month.
Terms of the sale were unavailable.
Desert Pines opened in 1996. Walters Golf owns Bali Hai Golf Club on the Strip and Royal Links Golf Club.
The historic downtown Las Vegas gambling hall will add two bars, a restaurant and more casino floor space later this year.
Shareholders would get a 40 percent cash premium on the sale of their shares to the New York-based middle-market private equity firm.
The project is slated for 240 acres between Las Vegas and Pahrump.
Wynn Las Vegas and Fontainebleau Las Vegas have traded barbs over allegations that Fontainebleau has tried to steal executive talent from Wynn.
After months of bankruptcy negotiations and reorganization, the company said it will maintain its two valley locations, including one in Summerlin.
An off-Strip hotel-casino facing a two-day strike says it will legal action against the union threatening to walk off the job.
Roger Thomas spent 20 years designing for Wynn Resorts. He shares his evocative design philosophy.
The home, which went viral after appearing on a website last summer, draws heavily from the Johnny Depp film series and features a bar that looks like a ship.
The head of Virgin Hotels sees Mohegan Tribe’s withdrawal as casino operators as a chance to shake up the property that has struggled to gain footing in the market.
Roughly 700 hospitality workers at an off-Strip casino plan to walk off the job for two days after lengthy contract negotiations continue, union officials said Wednesday.
