Peppermill Casinos Acquires Former Lazy 8 Casino Project Site for $27.5M

Peppermill’s $27.5 million acquisition of the former Lazy 8 site strongly signals that a once-defeated $100 million casino-resort concept in Spanish Springs could resurface, powered by two decades of regional growth and a more favorable development climate.

Jung Han 2월 5, 2026 2 min read분 읽기

Peppermill Casinos Acquires Former Lazy 8 Casino Project Site for $27.5M

Pyramid Highway, Sparks, Nevada | Investor & Partner Market Insight

▶ Deal Size: $27.5M (Red Hawk Land Co. → Peppermill Casinos)

▶ Property: 10 vacant parcels, ~21 acres (~85,000 m²)

▶ Original Project: $100M hotel-casino complex (proposed 2005)

▶ Transfer Tax: $112,750 | No tax exemptions claimed

Deal Overview

Peppermill Casinos Acquires Former Lazy 8 Casino Project Site for $27.5M

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1 month 10,000 won, 3 months 26,000 won, 1 year 94,000 won