#Red Rock Resorts

KTNV Las Vegas

Expansion on tap for Durango casino

KTNV (LAS VEGAS) - Expansion plans for the Durango Casino & Resort are moving forward. After opening in December, the resort, on the southwest side of Las Vegas, has been successful, which led to Station Casinos deciding to add to the property. The expansion plan actually isn't new. The company always planned to add infrastructure to Durango's…
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Expansion on tap for Durango casino
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Review Journal

Can casinos in Henderson, southeast Las Vegas revive?

While the Strip gets attention from customers and investors for its frequent revenue growth, gaming industry watchers may look to the Las Vegas Valley's east side for an idea of how a typical locals casino customer is spending - and what that suggests for the area's future gaming growth. The Boulder Highway subregion of the Las Vegas locals market…
Industry
World Casino News

Station Casinos Expands Durango Property with New Amenities

Station Casinos is moving forward with ambitious plans to expand its newly opened Durango property in the southwest valley of Las Vegas. Following a successful debut, the company has filed for approval from the Clark County Zoning Commission to introduce significant enhancements, aiming to enrich guest experiences and accommodate future…
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Station Casinos Expands Durango Property with New Amenities
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Review Journal

Durango resort: Station Casinos to expand southwest Las Vegas property

Plans to expand Durango's parking capacity will go in front of Clark County officials at a meeting next week. Members of the Zoning Commission will consider a "minor modification" request to the phase two plans originally approved by county officials in October 2021 during the July 3 Board of Commissioners meeting. The modifications include a…
Strategy Guide
Durango resort: Station Casinos to expand southwest Las Vegas property
Review Journal

What does Station Casinos own in Las Vegas?

The Station Casinos brand has been associated with the Las Vegas locals gaming market since businessman Frank Fertitta Jr. purchased a 10 percent stake in the Bingo Palace, which later became Palace Station, in the late 1970s. Red Rock Resorts, the parent company of the Station Casinos brand, has more than 3000 hotel rooms, about 2 percent of the…
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The Nevada Independent

Vegas gaming bounce in April changes outlook on the market

As Nevada sets a record for April casino revenue, analysts suggest high-end customers will continue to visit and pay higher room rates. The investment community has been bracing for a downturn in Nevada's gaming market. April's gaming and tourism results released Wednesday may have changed some minds. Following a 1.2 percent statewide revenue…
Finance
Vegas gaming bounce in April changes outlook on the market
Seeking Alpha

Nevada casinos notch record gaming win for the month of April

Nevada reported gaming win rose 6.95% year-over-year in April to $1.24 billion, according to the state's Gaming Control Board. The gaming win tally was the highest ever recorded for the month of April, despite Easter landing on the calendar in March this year. Las Vegas Strip casinos saw a 6.62% increase in gaming win for the month to $666.1…
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Station Casinos and Sparket announce software integration

Station will offer free-to-play live event wagering via Sparket's proprietary pool wagering system. US.- Station Casinos, a subsidiary of Red Rock Resorts, has signed an agreement with Sparket's Social Betwork, to licence software that will be integrated into the company's virtual casino STN Play app. The software integration will offer…
Industry
Station Casinos and Sparket announce software integration
8 News Now

Durango Casino & Resort drives record quarter for locals giant Red Rock

LAS VEGAS (KLAS) - How successful is Durango Casino & Resort five months after it opened in the southwest Las Vegas valley? Adding more parking to the brand-new locals resort is a priority, and that should tell you all you need to know. Red Rock Resorts, the publicly traded entity of Station Casinos, reported a 12.9% increase in revenue and a 7.3%…
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Durango Casino & Resort drives record quarter for locals giant Red Rock
Review Journal

Station Casinos says Durango expansion could start by yearend

Station Casinos' five-month-old resort Durango could move forward with expansion plans by the end of this year or early next year, executives with its parent company said Tuesday. The potential expansion of the company's new resort exemplifies its strong debut in the locals casino market. Executives believe Durango will achieve its margin goals…
Finance
Station Casinos says Durango expansion could start by yearend
Review Journal

Las Vegas locals gaming market; results from Boyd Gaming, Station Casinos

As first-quarter earnings call season hits its peak, gaming industry members are watching several Southern Nevada operators to get the pulse on the Las Vegas locals gaming market. Wall Street analysts were surprised by financial results announced during Boyd Gaming's first-quarter earnings call on April 25. Industry watchers say the company could…
Industry
Las Vegas locals gaming market; results from Boyd Gaming, Station Casinos
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Review Journal

CEO pay towers over employees at big Las Vegas companies

With its economy fueled by tourism, Las Vegas' workforce is heavy on lower-paying service jobs. Las Vegas' corporate chieftains, on the other hand, earn paychecks that card dealers, housekeepers and cocktail servers can only dream of. The pay ratios of CEOs to their typical employees shot past 100-to-1 last year at several Las Vegas-based companies…
Industry
CEO pay towers over employees at big Las Vegas companies
West Island

Boyd Gaming Faces Uncertain Odds Amid Intense Las Vegas Casino Competition

The dog-eat-dog world of the Las Vegas gambling scene was evident today as a few deck chairs on the Titanic known as Boyd Gaming shifted uncomfortably. The Las Vegas-based casino operation had unsettling first-quarter results, which sent investors into a tumultuous sell-off. The significantly lower-than-expected earnings per share of $1.51 instead…
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The Nevada Independent

Super Bowl plus leap day propel Nevada casinos to record February

Statewide gaming revenue of $1.34 billion was the highest total ever recorded in February. Also, Strip resorts saw 9.5 percent more visitors than last February. Nevada hit a trifecta in February. With Las Vegas hosting Super Bowl LVIII and the month seeing the entirety of Chinese New Year and an extra day - given 2024 is a leap year - Nevada…
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Super Bowl plus leap day propel Nevada casinos to record February
The Columbian

Four years ago, Las Vegas’ casinos shut down for 78 days. The fallout was brutal

Four years ago few believed that Las Vegas' casinos would be forced to close to minimize the impact of the COVID-19 virus that was rampaging worldwide. But they did. And the fallout was brutal. About a month after casinos in Macao were closed for 15 days to slow COVID's spread, then-Gov. Steve Sisolak on March 17, 2020 ordered all casinos as well…
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Four years ago, Las Vegas’ casinos shut down for 78 days. The fallout was brutal
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Review Journal

Bob Finch of Station Casinos to retire

A veteran executive with Station Casinos has retired after 40 years with the company, according to a U.S. Securities and Exchange Commission filing. Bob Finch, chief operating officer of Red Rock Resorts and a four-decade employee of Station Casinos, resigned on Tuesday, according to a Thursday filing to the SEC. He'll continue to work for the…
Industry
Bob Finch of Station Casinos to retire
news3lv.com

Longtime Station Casinos chief operating officer steps down

LAS VEGAS (KSNV) - A longtime executive with Station Casinos' parent company has stepped down. Robert "Bob" Finch, the executive vice president and chief operating officer for Red Rock Resorts, resigned effective Feb. 20, according to a filing with the Securities and Exchange Commission. Finch will remain employed as a non-officer through July to…
Industry
Longtime Station Casinos chief operating officer steps down
The Nevada Independent

Nevada casinos again shatter revenue record, bring in $15.5B in 2023

Strip casinos had their most lucrative year at $8.9 billion. Also, Las Vegas visitation tops 40.8 million and Reid Airport sets passenger record. For the third straight year, Nevada casinos shattered the state's annual gaming revenue record. The Gaming Control Board on Wednesday said casinos statewide collected $15.5 billion in gaming revenue in…
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Nevada casinos again shatter revenue record, bring in $15.5B in 2023
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The Nevada Independent

Indy Gaming: Red Rock’s long-stalled tribal casino deal near Fresno moving forward

Approval from Indian gaming regulators allows the central California project to start construction nearly two decades after the initial agreement was signed. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate…
Industry
Indy Gaming: Red Rock’s long-stalled tribal casino deal near Fresno moving forward
Seeking Alpha

Las Vegas casinos look to ride hot streak into 2024

Las Vegas Strip casinos begin the new year on a hot streak after the F1 Formula race on the Las Vegas Strip in November provided a significant boost to the region and new openings in December created strong buzz. Las Vegas Strip gross gaming revenue jumped 22.6% year-over-year to $821M, which was the highest ever for the typically slow month and…
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gameishard.gg

Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024

Las Vegas experienced unprecedented success in 2023, marking the city's most profitable year to date. As the year drew to a close, industry experts and analysts predicted that the momentum would carry over into 2024, setting the stage for even greater achievements. Both gaming and non-gaming sectors contributed to the city's remarkable growth. New…
Industry
Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024
Review Journal

Las Vegas may have had it’s best year ever in 2023

It's hard to argue against the position that Las Vegas had its most successful year in its history in 2023. And what do you do after one successful run? Come back for more. That's what local gaming and tourism analysts figure will happen in 2024 after wrapping up a year filled with record gaming revenue and union contract signings, airport…
Travel
Las Vegas may have had it’s best year ever in 2023
CoStar

Hotel, Leisure Workers Employed at Peak Level in Las Vegas

The leisure and hospitality sector in Las Vegas shed nearly 60% of its jobs essentially overnight in 2000, and it's taken more than three years to recover. But now those jobs have reached a new peak. As of October, Bureau of Labor Statistics data shows leisure and hospitality employment was above 302000, approximately 10000 more employees than in…
Travel
Hotel, Leisure Workers Employed at Peak Level in Las Vegas
Seeking Alpha

Las Vegas has a brand-new casino in the valley (NASDAQ:RRR)

Red Rock Resorts (NASDAQ: RRR) opened its first casino in 15 years on Tuesday with the Durango Casino and Resort aimed squarely at the Las Vegas locals market. Notably, the Durango is the only casino in a five-mile radius of the southwest part of the Las Vegas valley. The $780M Durango is Red Rock's (RRR) first new locals casino since 2008, when…
Industry
Las Vegas has a brand-new casino in the valley (NASDAQ:RRR)
Review Journal

Durango casino’s grand opening in southwest Las Vegas

Station Casinos' Durango Resort & Casino opened its doors to the public for the first time Tuesday. The 200-room, 83000-square-foot-casino property is parent company Red Rock Resorts' first new property in more than a decade. The property has 2300 slot machines and 60 table games, a 25000-square-foot, 11-stall "Eat Your Heart Out" food hall, four…
Land-based
Durango casino’s grand opening in southwest Las Vegas
KTNV Las Vegas

Durango sparkles on opening day as locals, tourists flock to newest Vegas casino

LAS VEGAS (KTNV) - A couple of hours after the doors opened at Las Vegas' newest casino - the Durango - a long line developed outside the Ai Pono Cafe inside the resort's "Eat Your Heart Out" food hall. The Hawaiian-themed eatery is Gene Villiatora's first foray into the Las Vegas restaurant scene. The eccentric chef says the opening defied his…
Travel
Durango sparkles on opening day as locals, tourists flock to newest Vegas casino
Star Advertiser

Sprawling hotel-casino catering to locals opening southwest of Vegas Strip

LAS VEGAS >> Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from the resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, a subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and…
Travel
Sprawling hotel-casino catering to locals opening southwest of Vegas Strip
Review Journal

What are Station Casinos plans for development in Las Vegas after opening Durango?

Station Casinos wants to double its presence in Southern Nevada in the next 10 years, but the company says it hasn't decided what it will build after Durango. "With six future development sites all in high net worth, high-growth areas of the valley, all conveniently located around the (215 Beltway), much like Durango, we think we have the best…
Travel
What are Station Casinos plans for development in Las Vegas after opening Durango?
Fox 5 Vegas

Sprawling casino and hotel catering to locals is opening in southwest Las Vegas Valley

LAS VEGAS (AP) - Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and a…
Sports
Sprawling casino and hotel catering to locals is opening in southwest Las Vegas Valley
Vegas Inc

Station Casinos opens doors on Durango Resort, its next generation of luxury

The pool area is seen at the new Durango Resort during a preview of the property Monday, Dec. 4, 2023. The newest Station Casinos resort opens today, Dec. 5, 2023, at the 215 Beltway and Durango Drive. Tuesday, Dec. 5, 2023 | 6 a.m. Patrons who step into the new Durango Resort for the initial time should notice something distinct: It's…
Sports
Station Casinos opens doors on Durango Resort, its next generation of luxury
AP News

Sprawling casino and hotel catering to locals is opening southwest of Las Vegas Strip

LAS VEGAS (AP) - Las Vegas is getting its first ground-up casino in more than two years, with the debut of a modest $780 million property several miles from resort-lined Strip that will cater more to local residents than international tourists. Station Casinos, subsidiary of publicly traded Red Rock Resorts Inc., planned a daylong celebration and a…
Land-based
Sprawling casino and hotel catering to locals is opening southwest of Las Vegas Strip
The Nevada Independent

Durango casino heralds a new Red Rock Resorts growth spurt

The company has six potential casino parcels totaling 500 acres throughout the valley. Tuesday morning's opening of the $780 million Durango Casino Resort comes 15 years after the company opened its last development. Red Rock Resorts President Scott Kreeger said a dry spell like that won't be repeated. The company already has a few locations in…
Travel
Durango casino heralds a new Red Rock Resorts growth spurt
Sportsbook Wire

San Manuel reopening Las Vegas' Palms casino resort April 27

The Las Vegas casino resort Palms has remained closed for more than two years, a casualty of the COVID-19 pandemic and 2020 shutdowns. That changes this month. The property, about a mile west of Bellagio on Flamingo Road, will reopen to the public on April 27. Rooms are already available for stays starting April 28. "Las Vegas is known to be such…
Travel
San Manuel reopening Las Vegas' Palms casino resort April 27
Review Journal

Station Casinos’ Durango opens Tuesday

Durango General Manager David Horn knows exactly which spot he wants to be in before the resort-casino's doors open for the first time. He envisions himself standing at the center of the casino in the Oasis Bar, elevated over the pit and slot areas, as the expected thousands of visitors take in Station Casinos' newest property for the first…
Sports
World Casino News

Greatly Successful Las Vegas Grand Prix Hit Records

The Las Vegas Grand Prix is over, and now it can be said that it was wild! The casinos earned a huge profit, and the records were shattered. Great results for sportsbooks: Caesars Sportsbook achieved fantastic results. The record betting handle is placed, and the amount of money that was wagered is also the highest ever, as well as the money spent…
Sports
Greatly Successful Las Vegas Grand Prix Hit Records
World Casino News

Fontainebleau Las Vegas To Officially Open On December 13

After a timeline of 16 years since construction officially began, Fontainebleau Development, the initial developer of Fontainebleau Las Vegas, has finally received regulatory validation to officially open the Strip resort, an investment worth $3.7 billion. New gaming license: 4 hearings before Nevada gaming regulators and 4 validations, the…
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Fontainebleau Las Vegas To Officially Open On December 13
The Nevada Independent

Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort

An analyst said the decision is the least of the problems troubling the state's slow process to approve New York City-area casinos. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you,…
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Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort
Star Advertiser

Las Vegas Advisor: Durango Casino pushes back grand opening to December

Originally scheduled for a grand opening on Nov. 20, the debut of Las Vegas' next major resort, Durango Casino, has been pushed back to Dec. 5. Owner Red Rock Resorts determined that the property wouldn't be able to reach its desired level of operations by the initial date and made the call to postpone. Key in the decision was the fact that…
Travel
Las Vegas Advisor: Durango Casino pushes back grand opening to December
Review Journal

Inspirada Station casino-resort in Henderson reveals renderings

Station Casinos has unveiled new renderings of its planned Inspirada hotel project in Henderson as it seeks approval for a development agreement with the city. The hotel project is proposed to have 201 rooms, about 58000 square feet of casino space and just under 7000 square feet of meeting space, according to documents filed with Henderson. The…
Travel
Inspirada Station casino-resort in Henderson reveals renderings
World Casino News

Red Rock Delays the Casino Opening Until December 5th

The long-expected opening of Durango Casino and Resort in Nevada had been scheduled for November 20. However, as the day comes close, it becomes clear that the resort won't be open when expected. The reasons for the delay: As Red Rock Resorts announced, the opening will be delayed by more than two weeks, which means we won't be able to gamble in…
Travel
Red Rock Delays the Casino Opening Until December 5th
Eater Vegas

The New Durango Casino in Las Vegas Pushes Back Its Opening

Red Rock Resorts has delayed the planned opening of its $780 million Durango Casino and Resort, pushing the opening back into December. Saying that the new property will not yet be completed by the planned November 20 opening, the southwest Las Vegas casino is now eyeing December 5 for its big debut. The delay was announced during the company's…
Travel
The New Durango Casino in Las Vegas Pushes Back Its Opening
The Nevada Independent

Red Rock delays opening of Durango resort until Dec. 5

The $780 million hotel-casino was scheduled to open on Nov. 20, but portions of the resort were not complete. Red Rock Resorts has postponed the planned opening of its $780 million Durango Casino and Resort by more than two weeks, saying portions of the southwest Las Vegas property would not be complete by the Nov. 20 announced opening. The new…
Travel
Red Rock delays opening of Durango resort until Dec. 5
Covers

Fontainebleau Gains Approval to Open Las Vegas Resort & Casino

New $3.7 billion resort to open Dec. 13, pending final approval. Features will include 14000-square-foot race and sportsbook. A marquee hospitality and entertainment brand is entering a new casino and legal sports betting market. Fontainebleau Las Vegas has received licensing approval from the Nevada Gaming Control Board to open the $3.7 billion…
Land-based
Fontainebleau Gains Approval to Open Las Vegas Resort & Casino
The Nevada Independent

Need for speed: Off-Strip casinos find ways to participate in F1 weekend

Ellis Island, Palms take creative approaches with hotel room packages and customer incentives during November's Las Vegas Grand Prix. Unlike its Las Vegas Strip neighbors, Ellis Island Hotel and Casino doesn't have high-end luxury suites among its 300 hotel rooms. There isn't a high-limit gaming lounge or a baccarat table inside the small casino…
Land-based
Need for speed: Off-Strip casinos find ways to participate in F1 weekend
KTNV Las Vegas

Nevada Gaming Commission gives final regulatory approval for Durango Casino

LAS VEGAS (KTNV) - Nevada gaming commissioners have given the final regulatory green light to Red Rock Resorts to open the new Durango Casino. The property is scheduled to open on Nov. 20 in the southwest part of the valley. Durango Casino's General Manager, David Horn, told commissioners the property will be considered one of the company's luxury…
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Las Vegas casinos post big numbers in July as conventions, leisure travel play in

Nevada gaming win for July rose 6.7% from a year ago to $1.40B. The tally makes it the 29th month in a row that gaming win in the state has been over $1B. The solid demand in the Las Vegas region this year has taken some of the sting out of the argument that legalized online sports betting and brick-and-mortar gambling in new states would cut…
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Hospitality Net

Durango Casino & Resort Shares Target Opening Date

Station Casinos announces November 20 target opening date for the new luxury resort during quarterly earnings call. Red Rock Resorts, Inc. is pleased to announce the anticipated target opening date of November 20, 2023, for Durango Casino & Resort pending regulatory approval. The all-new luxury resort set to debut in Southwest Las Vegas will offer…
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Review Journal

Durango casino lights up southwest valley with marquee bearing opening date

Construction of the Durango casino-resort, Station Casinos' latest project, has been turning heads on the 215 Beltway as it grows to its 15 floors. But now the LED sign can pull passersby's attention, bearing news of the property's opening date on Nov. 20. "There's already been a lot of buzz about this," General Manager David Horn said. "People I…
Land-based
Durango casino lights up southwest valley with marquee bearing opening date
iGaming

Red Rock Announces November 20th Opening for Durango Casino & Resort

Red Rock Resorts is gearing up to launch the Durango Casino & Resort in Las Vegas, pending regulatory approval. The much-anticipated grand opening is scheduled for November 20th, and excitement is building. Station Casinos, a subsidiary of Red Rock, will manage this new development. Located near the 215 Beltway on South Durango Drive, the resort…
Land-based
Red Rock Announces November 20th Opening for Durango Casino & Resort
KTNV Las Vegas

Durango Resort & Casino looking to open fall of this year

LAS VEGAS (KTNV) - Officials with Durango Resort & Casino announced the target opening date for the resort Thursday. The anticipated opening date is Nov. 20. However, Station Casino officials said the opening date is "pending regulatory approval." The announcement was made during a quarterly earnings call. "The all-new luxury resort set to debut in…
Travel
Durango Resort & Casino looking to open fall of this year
Review Journal

Durango Casino and Resort to open in November

Durango Casino & Resort, Station Casinos' latest hotel-casino under development in the southwest valley, is expected to open Monday, Nov. 20, executives announced during an earnings call for parent company Red Rock Resorts on Thursday. Located on South Durango Drive near the Clark County 215 beltway, the resort will feature 200 hotel rooms,…
Travel
Durango Casino and Resort to open in November
Review Journal

A’s Las Vegas stadium land deal to close in Q4, Red Rock says

Red Rock Resorts Inc. - recently in the spotlight for its surprising deal of a binding agreement to sell nearly 49 acres to the Oakland Athletics - on Thursday dodged specific questions about the transaction, during its first-quarter earnings call. Executives said the agreement with the A's is confidential, but it expects the deal to close in the…
Industry
A’s Las Vegas stadium land deal to close in Q4, Red Rock says
Review Journal

Nevada casino industry responsible for 386K jobs, $90B economic impact

A new Nevada Resort Association report said the gaming industry paid $2.1 billion in industry-specific taxes in 2022 and has $23 billion in current or planned major tourism-related capital investment projects underway. "2023 The Facts" is a 100-page document drafted by Las Vegas-based Applied Analysis for the NRA, an organization representing more…
Industry
Nevada casino industry responsible for 386K jobs, $90B economic impact
Forbes

Las Vegas Sands, Boyd Gaming And Red Rock Resorts: Gambling Stocks With New Highs

It's the ultimate "consumer discretionary" stock: the gambling company with the locations where consumers show up with money to blow. These firms may lack the elegant charm of a JP Morgan or a BancAmerica, but as alternative financial institutions, these shares are finding buyers who don't care. You don't need a Martin Scorsese movie to know how…
Travel
Las Vegas Sands, Boyd Gaming And Red Rock Resorts: Gambling Stocks With New Highs
wenatcheeworld.com

Two Key Las Vegas Strip Resorts Casinos Could Be Sold

Major deals appear to be coming on the Las Vegas Strip where a casino sale doesn't always mean a change in operators. In the past 12 months, the Las Vegas Strip has seen some massive deals, as MGM Resorts International (MGM) - Get Free Report bought the operating rights to the Cosmopolitan while it sold operating rights to Mirage to Hard Rock…
Land-based
Two Key Las Vegas Strip Resorts Casinos Could Be Sold
Fox 5 Vegas

Demolition underway on Station Casinos’ Fiesta Rancho in North Las Vegas

LAS VEGAS, Nev. (FOX5) - After Station Casinos announced last July that it would be demolishing two of its North Las Vegas properties, crews have started tearing down the second casino. Demolition has already wrapped up on the site of the former Texas Station casino. However, crews have now started demolishing Fiesta Rancho. Both Texas Station and…
Covid
Demolition underway on Station Casinos’ Fiesta Rancho in North Las Vegas
Review Journal

Station Casinos starts demolishing another Southern Nevada hotel

Station Casinos started tearing down another hotel this week. Work crews demolished most of Fiesta Rancho's five-story hotel tower, on the north side of the property across from a drive-in movie theater, as of Thursday morning. Just a portion of that exposed structure, with mounds of debris piled up in front, remained standing. Driving around the…
Travel
Station Casinos starts demolishing another Southern Nevada hotel
The Nevada Independent

Southern Nevada casinos fuel Nevada to a record-breaking February

Depending on where you look, February was either another stellar month for Nevada gaming revenue or the second consecutive monthly decline in casino revenue totals. Statewide, Nevada casinos collected nearly $1.24 billion in gaming revenue during February, the highest figure ever recorded for the month, the Gaming Control Board said Tuesday. The…
Finance
Southern Nevada casinos fuel Nevada to a record-breaking February
The Nevada Independent

Tilman Fertitta to buy Hard Rock Lake Tahoe, will convert the casino to a Golden Nugget

The company controlled by Golden Nugget casino owner Tilman Fertitta is acquiring Hard Rock Lake Tahoe from Las Vegas-based Paragon Gaming for an undisclosed price. According to a statement released Friday, privately held Fertitta Entertainment, which is based in Houston, will transform the hotel-casino into a Golden Nugget-branded casino. The…
Incidents
Tilman Fertitta to buy Hard Rock Lake Tahoe, will convert the casino to a Golden Nugget
The Nevada Independent

Fertitta executive: ‘No decision’ on development of Las Vegas Strip resort

A top executive for casino operator Tilman Fertitta said Wednesday no decision has been made on the future development of six acres on the Strip that the Texas billionaire acquired last year in anticipation of developing a hotel-casino. "It's very expensive to build right in an inflationary environment," Steven Scheinthal, a vice president with…
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Fertitta executive: ‘No decision’ on development of Las Vegas Strip resort
Yogonet

Station's Wildfire Casino in Downtown Las Vegas announces February 10 opening date

Station Casinos' new Wildfire Casino has set an official date for its grand debut in Downtown Las Vegas. The venue will be opening its doors to the general public on Friday, February 10 at noon at 2700 Fremont Street, near Charleston Blvd. Wildfire Casino on Fremont is set to be a 21000-square-foot neighborhood casino that boasts over 200 of the…
Land-based
The Nevada Independent

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The inclusion of Michigan into the…
Industry
Indy Gaming: Expanded multi-state online gaming may not benefit Nevada
Review Journal

Not every Las Vegas casino boss wants to sell, lease back resort

Selling a casino to a landlord for a mountain of cash sounds pretty tempting. There are also some big strings attached - and not every hotel boss in Las Vegas is interested right now. Executives with Station Casinos, Boyd Gaming Corp. and Fontainebleau Las Vegas recently touted the benefits of owning their properties or stated they aren't looking…
Land-based
Not every Las Vegas casino boss wants to sell, lease back resort
The Nevada Independent

New Wildfire Casino starts Red Rock’s latest building boom

The newly opened Wildfire Fremont Casino near downtown Las Vegas isn't going to tip the scales on Red Rock Resorts' balance sheet. The company's big new revenue producer lands later this year when the $750 million Durango Station opens for business. Still, CEO Frank Fertitta III said the 21000-square-foot Wildfire, the seventh of the company's…
Land-based
New Wildfire Casino starts Red Rock’s latest building boom
Review Journal

New apartment complex to be built along Las Vegas Boulevard

Several miles south of its rowdy casino corridor, Las Vegas Boulevard still has vast tracts of desert lining the street. But real estate activity has gained momentum in this area, and another project is now set to take shape. Work crews are scheduled to break ground this month on a 324-unit apartment complex at the southeast corner of Las Vegas…
Industry
New apartment complex to be built along Las Vegas Boulevard
Review Journal

Downtown Las Vegas welcomes ‘hot’ new casino

If Wildfire gaming customers didn't know that Station Casinos was behind their local slot spot, they will know now. The new Wildfire casino, at 2700 E. Fremont St., opens at noon Friday - just in time for Super Bowl LVII - and ushers in a new chapter for the neighborhood casino brand. The 21000-square-foot casino with about 200 slot machines,…
Sports
Downtown Las Vegas welcomes ‘hot’ new casino
Review Journal

Red Rock Resorts says casino revenue ‘stable and healthy’

Red Rock Resorts on Tuesday reported a steady locals casino environment, as it moves forward with developing its long-term growth strategy in the Las Vegas Valley. The parent company of Station Casinos reported its best fourth quarter in history for same-store net revenue and second-best fourth quarter in adjusted cash flow and adjusted cash flow…
Finance
Red Rock Resorts says casino revenue ‘stable and healthy’
KTNV Las Vegas

$750 million casino in southwest valley on track to be complete before 2024

LAS VEGAS (KTNV) - A Red Rock Resorts executive said Tuesday the under-construction Durango casino, located in the southwest area of the Las Vegas Valley, is expected to be fully enclosed in April. Chief financial officer Stephen Cootey, speaking during a quarterly earnings call, said the $750 million casino is on track to be finished before 2024.…
Travel
$750 million casino in southwest valley on track to be complete before 2024
Review Journal

Station Casinos sells 57 acres south of Las Vegas Strip

A hospital chain acquired a sprawling land tract south of the Strip from Station Casinos, raising the prospects of a new medical campus along Las Vegas Boulevard. HCA Healthcare purchased around 56.6 acres at the northwest corner of Las Vegas Boulevard and Cactus Avenue for nearly $62.3 million, property records show. The sale closed late last…
Land-based
Station Casinos sells 57 acres south of Las Vegas Strip
Seeking Alpha

Las Vegas casinos shine in December led by baccarat, sports books

Casinos in Nevada saw gaming win increase 14% in December to more than $1.31B, according to an update from the Nevada Gaming Control Board. Las Vegas Strip casinos accounted for $814M of the monthly tally, which was up 25% from the level a year ago. An increase in group and convention business during the month and events like Raiders home football…
Land-based
Review Journal

Station Casinos files plans for new resort in Henderson

When Station Casinos bought a big land tract in Henderson for $71 million in 2007, it had no immediate plans to develop the site. After sitting on the spread ever since, Station is now pushing ahead with its envisioned resort. The Henderson Planning Commission is slated to consider Station's proposed 600-room hotel-casino in the Inspirada…
Land-based
Review Journal

Station Casinos to build new casino in Henderson’s Inspirada

Station Casinos has outlined plans for a new resort on land it's owned for years at the southern edge of the valley, as it also looks to double its presence in Southern Nevada. The locals-focused casino chain aims to build a 600-room project in Henderson's Inspirada community that would feature an 80000-square-foot casino floor and 30000 square…
Land-based
Fox 5 Vegas

Shuttered Station Casinos properties to be demolished, land resold

LAS VEGAS, Nev. (FOX5) - Three shuttered Station Casinos properties will be demolished and the land resold, Red Rock Resorts announced Friday. Texas Station, Fiesta Rancho and Fiesta Henderson properties have been closed since the onset of the COVID-19 pandemic. "These properties have been an important part of our business over many years, so it is…
Travel
Shuttered Station Casinos properties to be demolished, land resold
Yogonet

Station Casinos sells 57 acres of land in Las Vegas Boulevard for $62M

Las Vegas-based Station Casinos has sold 56.6 acres south of the Strip to hospital chain HCA Healthcare. The land is located at the northwest corner of Las Vegas Boulevard and Cactus Avenue, and had a tag price of nearly $62.3 million. The sale closed late last month. Both Station Casinos and an HCA communications manager confirmed the transaction…
Land-based
Station Casinos sells 57 acres of land in Las Vegas Boulevard for $62M
Review Journal

Station Casinos juggles real estate deals in valley

Station Casinos outlined big plans a little over a year ago: It wanted to double its footprint in Southern Nevada. And in the past few weeks, as it pushes ahead with that goal, the company has had a flurry of real estate activity. Henderson City Council members voted Tuesday to approve the city's purchase of the 35-acre former Fiesta Henderson…
Industry
Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…
Industry
6 biggest casino deals on the Las Vegas Strip in 2022
Yogonet

Las Vegas: Station Casinos buys 67 acres with plans to develop new resort

Las Vegas casino chain Station Casinos has purchased nearly 67 acres at the northwest corner of Losee Road and the 215 Beltway in North Las Vegas for $55 million. According to records retrieved by Las Vegas Review-Journal, the company's plans for the site, in the Villages at Tule Springs master-planned community, call for a new resort. The sale was…
Land-based
Review Journal

Station Casinos buying more land for Henderson casino site

Station Casinos moved closer to buying more land for a future 600-room resort and casino site at the southern edge of the valley. Henderson City Council members on Tuesday approved a purchase and sale agreement and escrow instructions for the sale of 3.76 acres of city-owned land to Station for $1.75 million. The approval was needed "to consummate…
Land-based
Station Casinos buying more land for Henderson casino site
iGaming Business

Tilman Fertitta takes Las Vegas

In a city long known for bigger-than-life figures such as mobster Bugsy Siegel, reclusive tycoon Howard Hughes and casino mogul Steve Wynn, Tilman Fertitta is the newest big player on the Las Vegas Strip. The billionaire Texas businessman and owner of Fertitta Entertainment, which owns more than 600 restaurants, hotels, casinos and other…
Industry
Tilman Fertitta takes Las Vegas
World Casino News

Station Casino reveals plans for hotel

Station Casinos, a subsidiary of Red Rock Resorts and flagship hotel and casino company based in the Las Vegas suburb, Summerlin South, Nevada, has publicly announced its intention to double its presence in Southern Nevada with the construction of a new resort at Station Casinos land on the valley's southern edge in Henderson. Layout of the…
Travel
Station Casino reveals plans for hotel
The Street

Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

In Las Vegas, it often seems like bigger is better. Caesars Entertainment (CZR) - Get Free Report, MGM Resorts International (MGM) - Get Free Report, and Wynn Resorts (WYNN) - Get Free Report certainly seem to subscribe to that logic. The three biggest players on the Las Vegas strip seem to go for spectacle and grandeur in building properties that…
Land-based
The Nevada Independent

California developer plans to build a casino resort near Reno convention center

Reno hasn't seen an all-new resort-casino built since 1995 when the former Eldorado Resorts and the former Circus Circus Enterprises got together to open Silver Legacy. San Diego-based Elevation Entertainment wants to end a three-decade drought for casino development. The company submitted plans to the City of Reno for a 200-room hotel-casino to be…
Land-based
California developer plans to build a casino resort near Reno convention center
The Street

Casino Giant Has Huge Off-the-Las-Vegas-Strip Plans

Sports fans understand that smaller market teams with fewer resources must take a different approach than their well-heeled rivals. The New York Yankees don't have to carefully develop young prospects through their farm system. They can simply let other teams do that and buy those players when they become free agents. Small market teams like…
Land-based
Review Journal

Station Casinos sells land next to new Las Vegas casino project

Station Casinos has sold a chunk of land next door to its newest Las Vegas hotel that's still taking shape. The locals-focused casino chain sold 21.3 acres immediately west of its under-construction Durango resort to Ovation Development Corp., property records indicate. The sale, for about $23.9 million, closed last week and does not come as a…
Land-based
Station Casinos sells land next to new Las Vegas casino project
CNBC

Casino stocks take a hit as inflation rocks economy

Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally's has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts S&P 500, which recently…
Finance
The Street

Another New Casino Coming to Las Vegas (It's 20 Years in the Making)

After the worst or at least one of the worst periods in Las Vegas history, Sin City has begun a spectacular comeback. Not only have visitors begun to flock back as the pandemic eases, but construction on a number of massive projects has begun. The city, which saw its operations grind to a halt when Covid hit, now has $4.5 billion in new…
Land-based
Review Journal

May gaming win shows $1.3B collected by Nevada casinos

Nevada casinos continued their blistering win pace in May, collecting more than $1 billion for the 15th straight month. The $1.3 billion gaming win marked the best May ever recorded and the fourth highest monthly win total in state history, the Nevada Gaming Control Board reported Thursday. Most…
Land-based
The Nevada Independent

Increased energy costs cut into Nevada casino company profits in Q3

Caesars Entertainment CEO Tom Reeg knew that during a recent earnings conference call he might field a question or two about how pricier utility expenses in Nevada sliced into the company's cash flow. After all, he had privately discussed the issue weeks earlier. Several analysts said he brought up high energy prices on the Strip during background…
Land-based
Increased energy costs cut into Nevada casino company profits in Q3
Star Advertiser

Las Vegas Advisor: Work begins on long-stalled $750M casino in Las Vegas

After more than a decade of starts and stops, work has officially begun on Red Rock ­Resorts' Durango Station, a $750-million hotel-casino in southwest Las Vegas. It will be part of the Station-­branded "locals casino" chain (designed to attract residents) with a decidedly upscale positioning. The resort's completion date hasn't been announced, but…
Travel
Nevada Public Radio

Demolition starts at 2 Station Casinos properties in Las Vegas Valley

Demolition has begun at two Las Vegas-area casino properties that remained shuttered since the start of the coronavirus pandemic in March 2020. A spokesman for Station Casinos declined to comment about work that began Monday at Texas Station in North Las Vegas and Fiesta Henderson in Henderson. Work has not begun at the company's closed Fiesta…
Travel
Yogonet

Las Vegas: Station Casinos to top off Durango tower this Friday

Station Casinos' Durango Casino & Resort, its new $750 million project in the southwest Las Vegas Valley, is currently under construction. This week, a new milestone in the process will see the crews top off the 15-story, 318-foot tower, and will mark the addition of the final beam and pour the last floor of the hotel. Work on the project began…
Travel
Review Journal

Station Casinos new resort in North Las Vegas clears hurdle

Station Casinos cleared a hurdle in its quest to build a new resort in North Las Vegas, as the company shakes up its real estate portfolio. The North Las Vegas Planning Commission last week approved Station's plans for a 67-acre hotel-casino at the northwest corner of Losee Road and the 215 Beltway in a hearing that featured pushback against a…
Politics
Review Journal

Station Casinos’ Durango resort nearing completion

Construction cranes are now a common sight from the 215 Beltway in southwest Las Vegas, and several of them could be seen in action Friday morning to top off Station Casinos' Durango resort. Workers placed the final steel beam and poured concrete on the last floor of the 15-story, 216-foot hotel tower, located on Durango Drive off the 215 Beltway.…
Travel
Review Journal

Las Vegas casino implosions may be coming with demolitions planned

Las Vegas is known as a place to gamble, party and cut loose. It also has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada. It's too early to say whether the buildings will be torn down Vegas-style - setting off…
Land-based
Las Vegas casino implosions may be coming with demolitions planned
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