A historic billion-dollar investment in Reno, Nevada is expected to bring a unique form of entertainment for guests and sports fans of the city. Earlier this week, the Grand Sierra Resort (GSR) announced a $1 billion private capital investment, the largest in the history of the city. GSR’s billion-dollar plan seeks to revamp the existing 140-acre property, introducing new amenities.

The project, envisioned over the next decade, is expected to bring a new home for the University of Nevada Men’s Basketball team. The visionary project plans to introduce a new cutting-edge arena that will serve as the home of the Wolf Pack, offering 10,000 seats. In addition to being the home of the Men’s Basketball team, the arena is expected to be used for other sports events and even concerts.

The new arena is expected to take approximately 300K square feet and offer amenities, including shopping outlets for Wolf Pack fans, as well as parking spaces. Additionally, sports fans would be able to benefit from a variety of beverage and food outlets and even enjoy games from exclusive suites. The new arena at GSR is planned to open in the fall of 2026. Subject to Board of Regents approval, Nevada Men’s Basketball is expected to play for either the 2026-27 season or the 2027-28 season.

An Ambitious Plan to Transform Grand Sierra Resort

Alex Meruelo, GSR’s owner, commented: “The vision is to transform GSR into a destination where community, sports and entertainment come together.” Steve Alford, Nevada Men’s Basketball’s head coach, added that the ambitious project represents a game-changer for the team. “I greatly appreciate Alex’s bold vision and incredible support. This will be a state-of-the-art facility and I cannot be more excited for the future of Wolf Pack Basketball,” he explained.

“We are beyond thrilled for this proposed plan which will help continue to elevate our basketball programs.“

Stephanie Rempe, director of Nevada Athletics

Stephanie Rempe, Nevada’s director of Athletics was similarly delighted about GSR’s ambitious plans. She predicted that this important project would provide a vital boost for the Athletics basketball programs. Rempe praised the bold vision of the new state-of-the-art arena that would be the home of Nevada Men’s Basketball.

At the same time, she spoke about the benefits the new arena would bring when it comes to hosting events with Nevada Women’s Basketball. Last but not least, Rempe said that the collaboration would help “solidify Nevada Athletics as a cornerstone of the Northern Nevada community.”

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Reno Gazette-Journal reported that the Reno woman who wished to remain anonymous hit the $14 million jackpot while playing a Megabucks slot machine at the Atlantis Casino Resort Spa on Sunday, April 2, 2023. The anonymous gambler had extended her stay at the casino after her planned cruise was canceled. 

Atlantis Casino Resort Spa Celebrates Biggest Jackpot Win Ever in Reno

The $14 million jackpot is the largest Megabucks prize ever won in Reno, and it is the first Megabucks jackpot won in Nevada since April 2021. IGT, the gaming manufacturer of the Megabucks slot machine, confirmed the life-changing win, which is far from the top jackpot ever won in Nevada. That honor belongs to a man who wished to remain anonymous after winning a $39.7 million progressive jackpot at the Excalibur on the Las Vegas Strip in March 2003. The lucky player also won the historic sum on a Megabucks machine after gambling about $100.

The woman’s $10 bet hit the jackpot, making her richer by over $14 million. The Atlantis Casino Resort Spa, which is south of downtown Reno, is owned and operated by Monarch Casino & Resort, Inc. The lucky winner is a regular at the casino, according to casino officials. 

Atlantis General Manager Cheraz Ecker expressed her excitement for the winner and her incredible jackpot win, saying that it was another amazing milestone to celebrate in the company’s history.

IGT’s Megabucks Have Been Making Millionaires and Breaking Records for Over Three Decades

IGT’s Megabucks is a progressive slot jackpot that is available at various casinos. It debuted in Nevada casinos in 1986 and has an array of titles. The terminals have made many gamblers extraordinarily wealthy over the 37 years of its operation. 

While this week’s Megabucks jackpot hit at the Atlantis Reno is the largest slots prize ever won in the city, the $14 million haul is far from the top jackpot ever won in Nevada. Reno resident Rachael Renee Romanick also won $33 million playing the Megabucks slot machine at Terrible’s Rail City in Sparks on April 12, 2009.

The chances of hitting a Megabucks progressive slot jackpot are not good. According to Anthony Curtis of Las Vegas Advisor, an online resource for visitors to Southern Nevada, the chances of hitting a Megabucks jackpot are about 1 in 49.8 million.

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