Land for long-closed Las Vegas hotel casino sold using artificial intelligence

LAS VEGAS (KLAS) – Land for a long-shuttered Las Vegas hotel and casino is getting new attention after a $45 million land deal struck with help from AI.

Blake Owens, founder and CEO of Agrippa, announced the AI-powered land sale of the Eastside Cannery to 8 News Now following months of discussions. The deal, completed in April, was assisted with the help of a new AI tool called “Marcus.”

Land for a long-shuttered Las Vegas hotel and casino is getting new attention after a $45 million land deal struck with help from AI. (KLAS)

“Marcus is currently under development,” Owens said. “This deal was really the foundation to understand how can complicated or seemingly complicated, game theoretic concepts can be applied to commercial real estate negotiation.”

“Marcus” was described by Owens as a kind of quarterback for the Agrippa team, which used the AI tool to help field and tackle the bids for the casino property.

“It was really a case study in understanding what is useful, what’s not useful,” Owens said. “I see it down the line being something that is available to the public.”

Blake Owens, founder and CEO of Agrippa, announced the AI-powered land sale of the Eastside Cannery to 8 News Now following months of discussions. The deal, completed in April, was assisted with the help of a new AI tool called “Marcus.” (KLAS)

Owens, a Las Vegas native, said he understands some might be uncertain about the introduction of AI into any field but touted the use of “Marcus” as a growing trend for the real estate industry.

“I certainly understand there are hesitations,” he said. “But it’s moving very, very fast, and it’s only going to move faster. And the longer you resist, the more you’re going to fall behind.”

Amid the sale’s completion, 8 News Now reached out to the building’s owner, Boyd Gaming, which purchased the land, regarding any news of an opening date.

A Boyd Gaming spokesperson said there is no update available regarding the Eastside Cannery.

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