It has been stated that the President of the land-based casino operator Red Rock Resorts Incorporated has said that his company's Station Casinos brand intends to launch up to six additional locations before the year 2030 comes to a close. Nevada is located in the United States.
According to a report that was published on Saturday by the Las Vegas Review-Journal newspaper, the disclosure made by Scott Kreeger (pictured) comes only a few weeks after the company permanently closed its locals-focused Fiesta Rancho, Texas Station, Fiesta Henderson, and Wild Wild West Gambling Hall enterprises, which resulted in the loss of hundreds of full-time jobs. The company, which has its headquarters in Las Vegas, was rumored to have detailed subsequently that it would be demolishing this quartet while selling off the land beneath the three former properties and simultaneously holding on to the nearly 100-acre site of the latter. This information was reportedly provided.
Red Rock Resorts Incorporated is reportedly moving forward with work to bring its $750 million Station Casino Durango property to a 71-acre plot of land in the Las Vegas suburb of Spring Valley, while at the same time looking to realize a proposed 600-room venue complete with a 75,700 square foot casino for a 67-acre North Las Vegas parcel. While all of this is going on, Red Rock Resorts Incorporated is reportedly moving forward with work to bring its $750 million Station Casino Durango Following the unveiling by the operator of a Wildfire-branded tavern project that would have 21,000 square feet of floor space and a sportsbook for the heart of Nevada's largest city, it is possible that both of these Clark County establishments may open their doors by the end of the year 2025.
According to reports from the newspaper, Kreeger expressed to the publication that his company continues to have a "bullish" outlook on the casino market in Las Vegas and has positioned the region as "the core of its business model" due to the fact that "the growth over the last few years has been tremendous." In addition, the seasoned executive is said to have announced that the company plans to implement a roadmap over the course of the following eight years in order to better serve "the demographics and profile of the people moving into the city," as the company believes that these may currently be underserved.
In line with this strategy, Red Rock Resorts Incorporated reportedly disclosed that it is in the process of completing the entitlement process for a trio of parcels comprising a 126-acre plot located in the southern Las Vegas suburb of Enterprise in addition to nearby parcels of 47 and 45 acres located within the master-planned communities of Inspirada and Skye Canyon respectively. These parcels are expected to be used for the development of a hotel, a casino, and a shopping center. Kreeger is rumored to have disclosed that preparations for the construction of casinos on these three lots might very well get under way as soon as his company's 211-room Station Casino Durango venue opens its doors in the summer of 2024.
Kreeger is said to have stated to the press that
If I were to read the tea leaves for the next twelve to sixteen months, I would say that we are extremely excited about our Inspirada project, and we also like the Skye Canyon location because there is a tremendous amount of growth going on in that area, but there is not a lot of supply. After we have finished cleaning out Station Casino Durango, we will be able to examine the present state of the economy, evaluate the demographics, and come to a conclusion regarding those initiatives. The good news is that we are positioning ourselves to have optionality and flexibility, and we will be ready to do that as soon as Station Casino Durango comes online. Whether that means Inspirada first and Skye Canyon second, or whether we decide to do that simultaneously, there are quite a few factors; however, the bad news is that there are quite a few factors.
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