View Full Version : 6 Billion Magaritaville Resort Lake Texoma/Denison Tx



Bowser214
01-20-2024, 07:07 AM
Dallas TV station WFAA reported a 6 Billion Margaritaville resort at Lake Texoma but the article says it's on the Texas side. This is in addition to the Hard Rock Hotel near Kingston. OMG.
https://www.wfaa.com/article/news/local/6-billion-community-with-margaritaville-resort-coming-to-lake-texoma/287-9156c374-2e12-4c45-b01a-a61b837580a8

bison34
01-20-2024, 09:17 AM
Everything's bigger in Texas. $6 billion is insane. Pointe Vista is what, $1 billion? This project is a monster!

Good for Lake Texoma. Denison and Sherman have more cranes right now than all of Oklahoma. I wish we had a slice of that semiconductor pie.

scottk
01-20-2024, 10:12 AM
Would it not make more sense to build it on the Oklahoma side to allow for gaming/casino to be built with the resort? If Hard Rock Kingston is having gaming, it seems that the audience that heads this direction would favor that over just a nice hotel/resort?

It would be like building a resort in Vegas and not having a casino attached to it.

Also wonder how these two new ones will go against Choctaw Resort Durant so close by?

Pete
01-20-2024, 10:26 AM
Yeah, this doesn't make a lot of logical sense. "Proposed" vs. "built and open" are two very different things.

We'll see if this happens and if so at what scale.

bison34
01-20-2024, 11:02 AM
Would it not make more sense to build it on the Oklahoma side to allow for gaming/casino to be built with the resort? If Hard Rock Kingston is having gaming, it seems that the audience that heads this direction would favor that over just a nice hotel/resort?

It would be like building a resort in Vegas and not having a casino attached to it.

Also wonder how these two new ones will go against Choctaw Resort Durant so close by?

Depends. Is the land on the Oklahoma side tribal trust land for the Choctaw Tribe? If not, then it wouldn't matter where it's built. I think there are plenty of people who love going to the lake without gambling. Especially Texoma.

And all the housing will be desperately needed, as well.

Dob Hooligan
01-20-2024, 11:04 AM
I'm guessing it's another of those dreams that assumes casino gambling is just around the corner in Texas, since the Las Vegas Sands controlling Adelson family bought into the Dallas Mavericks.

Dob Hooligan
01-20-2024, 11:10 AM
Depends. Is the land on the Oklahoma side tribal trust land for the Choctaw Tribe? If not, then it wouldn't matter where it's built. I think there are plenty of people who love going to the lake without gambling. Especially Texoma.

And all the housing will be desperately needed, as well.

I think Kingston is in Chickasaw country. I'm also guessing that since the Hard Rock brand belongs to the Seminole Tribe of Florida, there's gotta be some kind of partnership with the Chickasaw.

SunRoad
01-20-2024, 04:46 PM
There are places where the state line is on the south shore of Texoma (and places where Oklahoma actually extends south of the Red River). So I’m wondering if it’s possible that the Choctaw Nation extends to this development? And, if so, might they consider building a “floating” casino similar to the ones Missouri allows in the big rivers? That might help explain why the Choctaw are investing in the plan.

JoninATX
01-20-2024, 06:25 PM
This reminds me of Lake Tahoe. All casinos are built on one side (Nevada), and housing on the other (California). Sounds like an ambitious project.

April in the Plaza
01-20-2024, 06:31 PM
Would it not make more sense to build it on the Oklahoma side to allow for gaming/casino to be built with the resort? If Hard Rock Kingston is having gaming, it seems that the audience that heads this direction would favor that over just a nice hotel/resort?

It would be like building a resort in Vegas and not having a casino attached to it.

Also wonder how these two new ones will go against Choctaw Resort Durant so close by?

Texas will end up having similar gambling laws soon enough. The Adelsons would not have bought the Mavs unless some assurances were made on that front.

JoninATX
01-20-2024, 06:48 PM
Texas will end up having similar gambling laws soon enough. The Adelsons would not have bought the Mavs unless some assurances were made on that front.

Not while Lt. Governor Dan Patrick in office. You can expect any type of gambling/ sports betting proposal to be thrown out of office.

JoninATX
01-20-2024, 06:57 PM
With what I just stated above, I'm honestly thinking the political environment in Texas is creating a "Las Vegas" effect in Southern Oklahoma.

Swake
01-20-2024, 07:28 PM
This reminds me of Lake Tahoe. All casinos are built on one side (Nevada), and housing on the other (California). Sounds like an ambitious project.

NYC and Connecticut.

Urbanized
01-20-2024, 07:58 PM
I think this isn’t odd in any way whatsoever. In fact, I think it is to some extent an answer to Pointe Vista. It makes total business sense.

You have to look at logistics and at which land is in trust for which tribal nation. Pointe Vista and the just-announced Hard Rock are Chickasaw endeavors. Yes, the Hard Rock brand is OWNED by the Seminole Nation of Florida. But just as they did with the Cherokees, they licensed that brand to another tribal nation.

In this case the announced Hard Rock is ostensibly just a hotel, but it is immediately adjacent to the already-existing West Bay Casino and resort AND the Texoma Casino (both owned and operated by the Chickasaws). Currently these casinos trail WinStar (Chickasaw) and the Choctaw Casino in Durant (Choctaw, obvi). But as soon as the Chickasaws have the Hard Rock name and hotel attached, the generically-named casinos at Pointe Vista will become bigger players for DFW players overnight.

And though I have no specific insight, I would wager a bunch of money that one or both of those casinos will be rebranded to Hard Rock as soon as the hotel opens. So now you have a nationally branded casino property on the Oklahoma side, within a major resort development. That is clearly going to steal away DFW a significant number of consumers from Choctaw Casino (and also probably some from WinStar, but that won’t bother the Chickasaws, as it’s all in the same family).

So what are the Choctaws to do to counter? Unfortunately for them, Choctaw Casino in Durant isn’t situated on Texoma, so it’s never going to become a lakefront resort. However, you can still build an even bigger-than-Pointe Vista (and also a brand name) lake resort BETWEEN the new Hard Rock and DFW, which means building it in the Texas side of the lake, and just a hop, skip and jump away from Choctaw Casino, right up highway 75 (only 11 miles from the state line).

And who is funding the Texas resort? Well, the Choctaws, of course. This resort is intended to be more elaborate than Pointe Vista, and it will be easier to get to from DFW (basically still in the metroplex). You can GUARANTEE that shuttles between this resort and Choctaw Casino will be nonstop, 24/7. And should gaming become legal in Texas at some point they can and surely will build a lakefront casino in this location, too.

This is an arms race. Look at all of these places on a map and it will become obvious.

DowntownMan
01-20-2024, 09:57 PM
There are places where the state line is on the south shore of Texoma (and places where Oklahoma actually extends south of the Red River). So I’m wondering if it’s possible that the Choctaw Nation extends to this development? And, if so, might they consider building a “floating” casino similar to the ones Missouri allows in the big rivers? That might help explain why the Choctaw are investing in the plan.
Actually Choctaw nation ends not far from the Choctaw casino.
All the land between river and Choctaw (around calera I think) is the Chickasaw nation

PhiAlpha
01-25-2024, 04:12 PM
I think this isn’t odd in any way whatsoever. In fact, I think it is to some extent an answer to Pointe Vista. It makes total business sense.

You have to look at logistics and at which land is in trust for which tribal nation. Pointe Vista and the just-announced Hard Rock are Chickasaw endeavors. Yes, the Hard Rock brand is OWNED by the Seminole Nation of Florida. But just as they did with the Cherokees, they licensed that brand to another tribal nation.

In this case the announced Hard Rock is ostensibly just a hotel, but it is immediately adjacent to the already-existing West Bay Casino and resort AND the Texoma Casino (both owned and operated by the Chickasaws). Currently these casinos trail WinStar (Chickasaw) and the Choctaw Casino in Durant (Choctaw, obvi). But as soon as the Chickasaws have the Hard Rock name and hotel attached, the generically-named casinos at Pointe Vista will become bigger players for DFW players overnight.

And though I have no specific insight, I would wager a bunch of money that one or both of those casinos will be rebranded to Hard Rock as soon as the hotel opens. So now you have a nationally branded casino property on the Oklahoma side, within a major resort development. That is clearly going to steal away DFW a significant number of consumers from Choctaw Casino (and also probably some from WinStar, but that won’t bother the Chickasaws, as it’s all in the same family).

So what are the Choctaws to do to counter? Unfortunately for them, Choctaw Casino in Durant isn’t situated on Texoma, so it’s never going to become a lakefront resort. However, you can still build an even bigger-than-Pointe Vista (and also a brand name) lake resort BETWEEN the new Hard Rock and DFW, which means building it in the Texas side of the lake, and just a hop, skip and jump away from Choctaw Casino, right up highway 75 (only 11 miles from the state line).

And who is funding the Texas resort? Well, the Choctaws, of course. This resort is intended to be more elaborate than Pointe Vista, and it will be easier to get to from DFW (basically still in the metroplex). You can GUARANTEE that shuttles between this resort and Choctaw Casino will be nonstop, 24/7. And should gaming become legal in Texas at some point they can and surely will build a lakefront casino in this location, too.

This is an arms race. Look at all of these places on a map and it will become obvious.

Magaritaville was originally close to a deal with Point Vista but they ended up finalizing a deal with Hard Rock after that fell through. Not sure who walked away from who or why but Hard Rock was more than willing to step in and the deal came together very quickly. Big advantage for now goes to Hard Rock as they actually have a casino onsite/nextdoor.

Rover
01-29-2024, 11:51 AM
Magaritaville was originally close to a deal with Point Vista but they ended up finalizing a deal with Hard Rock after that fell through. Not sure who walked away from who or why but Hard Rock was more than willing to step in and the deal came together very quickly. Big advantage for now goes to Hard Rock as they actually have a casino onsite/nextdoor.

Technically, the casino will be adjacent to, but not part of the hotel.

Snowman
01-29-2024, 04:11 PM
Would it not make more sense to build it on the Oklahoma side to allow for gaming/casino to be built with the resort? If Hard Rock Kingston is having gaming, it seems that the audience that heads this direction would favor that over just a nice hotel/resort?

It would be like building a resort in Vegas and not having a casino attached to it.

Also wonder how these two new ones will go against Choctaw Resort Durant so close by?

I would not be shocked if the location chosen offered higher tax incentives or subsidies. Casinos may be a draw, but it is not like the majority of resorts have one.

mugofbeer
01-29-2024, 09:51 PM
As has been discussed around the boards, the Adelson Casino's are apparently going to push for casino gambling in Texas and build a new Maverick's Arena around one. The Dallas Morning News had an article behind a paywall l couldn't read through today.

Urbanized
01-29-2024, 10:11 PM
Technically, the casino will be adjacent to, but not part of the hotel.
I don’t have any specific insight here, but would not be at all surprised if the generic casino name(s) is (are) changed to match the hotel. Would make little business sense not to do so.

PhiAlpha
01-29-2024, 10:49 PM
Technically, the casino will be adjacent to, but not part of the hotel.

Hence why I said onsite/nextdoor. The casino is literally in the middle of the development.

I have more than a feeling that they will end up more intertwined than just being adjacent to each other but we'll see how it comes together as things progress. The Chickasaws and Point Vista have been working together on this which is why they purchased land in the middle of their resort, planned community, golf course and marina and stuck a casino on it. Everybody wins.

Rover
02-03-2024, 11:29 PM
I don’t have any specific insight here, but would not be at all surprised if the generic casino name(s) is (are) changed to match the hotel. Would make little business sense not to do so.
Hotel is Hard Rock

Urbanized
02-03-2024, 11:33 PM
Um, yes..? My point was that one or both of the casinos will most likely be rebranded to match the hotel, which itself will be an internationally-known brand name.

Rover
02-04-2024, 10:10 AM
Um, yes..? My point was that one or both of the casinos will most likely be rebranded to match the hotel, which itself will be an internationally-known brand name.
Hard Rock is Seminole. Casino isn’t on Seminole land.

Urbanized
02-04-2024, 11:16 AM
Hard Rock is Seminole. Casino isn’t on Seminole land.
Not sure I understand your point..? Hard Rock in Tulsa is on Cherokee trust land and owned/operated by the Cherokee Nation. The Sioux City Hard Rock is owned/operated by Churchill Downs. Hard Rock Biloxi is owned and operated by a non-Seminole REIT. Hard Rock Vancouver is owned and operated by a private Canadian gaming and hospitality company; NOT by the Seminoles.

Yes, the Seminole Tribe of Florida owns the Hard Rock brand, but they do license to other entities, and in fact are ALREADY licensing to the Chickasaws in the case of the newly-announced hotel.

I’d bet a steak dinner that at least one of the Pointe Vista casinos will be rebranded to match the attached hotel.

bison34
02-04-2024, 12:44 PM
Hard Rock is Seminole. Casino isn’t on Seminole land.

And? Hard Rock is a name. Nothing more. Has nothing to do with having to be on Seminole land.

Rover
02-05-2024, 08:32 AM
Not sure I understand your point..? Hard Rock in Tulsa is on Cherokee trust land and owned/operated by the Cherokee Nation. The Sioux City Hard Rock is owned/operated by Churchill Downs. Hard Rock Biloxi is owned and operated by a non-Seminole REIT. Hard Rock Vancouver is owned and operated by a private Canadian gaming and hospitality company; NOT by the Seminoles.

Yes, the Seminole Tribe of Florida owns the Hard Rock brand, but they do license to other entities, and in fact are ALREADY licensing to the Chickasaws in the case of the newly-announced hotel.

I’d bet a steak dinner that at least one of the Pointe Vista casinos will be rebranded to match the attached hotel.

True. Not sure myself where I was going with that. 😀

Developer for this one is an OKC developer and non tribal on non tribal land.

Urbanized
02-05-2024, 09:26 AM
^^^^^^^
As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

18601

Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here (https://www.pointevista.com/about).

PhiAlpha
02-05-2024, 10:54 AM
^^^^^^^
As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

18601

Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here (https://www.pointevista.com/about).

Yeah it wasn’t a coincidence that the Chickasaw’s bought that land from the state almost immediately after point vista agreed to sell that piece of land back to the state as part of a lawsuit settlement a few years ago.

I don’t know for sure if they are an investor in point vista but that wouldn’t surprise me. They definitely do more than exchange phone calls a few times a year.

The hotel/resort is going to be a massive development (think Okana size in addition to all of the other stuff they’re building). I would be shocked if it doesn’t spill over into the Chickasaw nations tract and either incorporate the casino or at minimum partner with them in some way. It just makes very little sense for them not to.

Rover
02-05-2024, 11:01 AM
^^^^^^^
As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

18601

Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here (https://www.pointevista.com/about).

I don't believe this is a develop to flip hotel.

Bowser214
11-24-2024, 06:20 AM
KINGSTON, Okla. — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
A massive $2 billion master-planned community is making headway along the Texas-Oklahoma border with the start of construction on a hotel resort.
Spanning 2,700 acres and featuring 19 miles of Lake Texoma shoreline, Pointe Vista is expected to eventually feature 2,100 homes, multiple hotels, an 11-acre bay, a casino, a golf course, an enclosed waterpark, a family entertainment center, an amphitheater and a mix of shops and restaurants. It's being constructed on the north side of the lake in Oklahoma, west of Durant.

Infrastructure construction began Nov. 21 on Hard Rock Hotel Lake Texoma, which was announced last month as the first of three resorts planned for the property. The hotel is slated to have 189 rooms, an 18,000-square-foot conference center and event lawn.
The development will also feature the Hard Rock Residences, which an Oct. 17 announcement framed as the first hospitality-branded real estate offering in Oklahoma. The community will consist of rental homes ranging in size from 667 to 3,000 square feet. Rent prices are still being finalized.
Both projects are expected to open in the Summer of 2027.
The project was founded by Mark Fisher, who more than a decade ago bought land that used to be a state park. That park had fallen into disrepair, and Fisher "saw an area that he could help make better and develop," said Grant Speaks, president of Pointe Vista. Fisher continued to buy land around the former park and, as "Dallas continues to stretch north," the community's backers see boundless potential, according to Speaks.
The development of Pointe Vista exemplifies the change sweeping over the Texoma border region north of the Dallas-Fort Worth Metroplex. Huge neighborhoods are rising, including the $6B Preston Harbor community on the south side of the lake that will include a Margaritaville resort, and a nascent semiconductor production industry is taking shape in Sherman.
Pointe Vista will feature two unique lakefront neighborhoods: Reflection Pointe and Bridge Pointe, both of which are under construction.
Reflection Pointe will feature 84 single-family lakeside homes ranging from 2,800 to 4,600 square feet, with seven homes set to be completed by early 2025. Bridge Pointe includes 32 lakeside villas and 26 hilltop townhomes with lake views, with construction already underway on four homes. Homes at both communities are currently available for sale and range in price from $225,000 to $1.3 million. Infrastructure construction was completed in early November.
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