Red Rock Resorts Executives Outline New Casino Plans
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Red Rock Resorts executives have revealed new information about plans to develop a new casino in the southwest valley of Las Vegas. The planned hotel-casino will be located on a 71-acre site on South Durango Drive. It is scheduled to break ground early in 2022 and the entire construction process would take between 18 months and two years.
Station Casinos' three Nevada casinos are still closed. The company is still considering reopening them. It has already agreed to sell the Palms casino resort off the Las Vegas Strip to the San Manuel Band of Mission Indians for $650m. The deal is on course and the hope is that it will close before the end of 2021.
Red Rock Resorts reported $428.2m in net revenue for the second quarter. Its earnings before tax and other adjustments amounted to $210. 2m. This was an 82% rise from the same period in 2019. Net income reached $143.4m up from $7.1m the previous year.
