The RGJ is reporting Jacobs Entertainment is purchasing the Sands Regency Casino Hotel in downtown Reno, two blocks of fourth street, and the Gold Dust West Casino. The Colorado based company has run Gold Dust West for ten years, and has been responsible for 50 million dollars in upgrades at the property. The Sands sold for an estimated 30 million dollars. Jacobs reportedly has interest in creating some housing along the fourth street corridor.