It’s no secret that the 46-year-old company has a history of snapping up and holding onto large swaths of gaming-zoned land. Secondly, when we look at the demographics and profile of the people moving into the city and the opportunity to continue to develop projects in areas where we feel are underserved, we think between now and the next eight years, it’s an absolutely optimal time to execute on the roadmap.” “It’s the core of our business model, and the growth over the last few years has been tremendous, as well as over time.

“There’s no one more bullish on Las Vegas than Station Casinos,” Kreeger said. In an exclusive interview last week with the Review-Journal, Red Rock Resorts President Scott Kreeger said the company has six projects in the development pipeline that will double the size and footprint of the company in eight to 10 years. The flurry of activity over the past two months shows its plan is starting to be executed.

Crews are topping off the hotel tower on Friday, and it’s expected to open in the fall of 2023.ĭuring Red Rock Resorts’ second quarter earnings call, Frank Fertitta III, the casino chain’s top brass, told investors they “expect to basically double the size of the portfolio by 2030.” Meanwhile, 8 miles away, construction continues on Station’s $750 million Durango casino-resort, located on Durango Drive near the 215 Beltway. The hotel-casino sits on nearly 100 acres of prime real estate across from the Strip and not far from Allegiant Stadium. Shortly after, it announced a move to close, demolish and redevelop the 260-room hotel-casino Wild Wild West, on Tropicana Avenue west of Interstate 15. When news broke in July that the locals-focused company, owned by Red Rock Resorts, would permanently close, demolish then sell the land beneath the three properties, Station’s plans became more obvious.ĭays after announcing the demolitions, the company completed the $172.4 million purchase of 126 acres at the southwest corner of Las Vegas Boulevard and Cactus Avenue, across the street from another one of its land holdings. Steve Sisolak ordered the temporary shutdown of businesses to slow the spread of COVID-19.

Southern Nevadans had waited two years to find out what would happen to Station’s three shuttered properties - Fiesta Henderson, Fiesta Rancho and Texas Station – which remained closed since March 2020 after Gov. is kicking up a dust storm - jump-starting development plans and drawing attention from locals as it looks to double its presence in the Las Vegas Valley.

Fiesta henderson casino hotel