Resort Casinos in development mode, planning a location in downtown Las Vegas

Posted: Dec 14, 2021, 6:37 a.m.

Last update on: December 14, 2021, 11:24 a.m.

Station Casinos unveiled a small tavern casino development near downtown Las Vegas on Fremont Street. just south of Charleston Avenue.

Las Vegas Downtown Casinos Casino Station
The vacant property owned by Station Casinos is seen along Fremont Street in Las Vegas. This is where the company wants to build a tavern casino. Las Vegas planning officials began reviewing the proposal today, December 14. (Image: Station Casinos)

The Las Vegas City Planning Commission will hold a public hearing later today during its meeting on the Station Casinos project. Station has suggested building a 21,270 square foot casino on the five acres of vacant land it owns at 2700 E. Fremont Street.

With the city’s approval, Station Casinos, a locally-focused casino operator in southern Nevada, would bring its Wildfire casino brand to the area.

Station owns and operates 10 Wildfire restaurant gambling establishments in the Las Vegas area. The development site at 2700 E. Fremont St. has received approval from staff of the Las Vegas Planning Commission. The project must now receive this approval from the city commissioners.

Station Casinos did not detail the number of slot machines planned for the Wildfire program. The property in question is adjacent to a Lowe’s Home Improvement store.

Durango Update

Station Casinos and its listed unit Red Rock Rocks (RRR) are not sitting idle as the darkest days of COVID-19 are apparently behind the US casino industry. Full of cash after selling the Palms in May for $ 650 million to the San Manuel Mission Indian Band, Station / RRR returns to what it does best: serving the people of Nevada.

Station Casinos is getting closer to the inauguration of its Durango project. The $ 750 million business received approval from the Clark County Commission in October despite negative reactions from the region during a campaign led by the Culinary Union.

The major Nevada casino worker group has disagreed with Station / RRR for many years. This is because of the opposition of billionaires Frank III and Lorenzo Fertitta to the unionized workforce at their many Las Vegas Valley casinos.

Durango, a Station Casinos Resort – as the project is called – rises in the Durango neighborhood just south of IKEA and 215 Beltway to S. Durango Drive. Station acquired around 71 acres of land in 2000 and has been thinking about it ever since.

The first excavator is expected to be in the ground in the first quarter of 2022. The station predicts that construction will take around 18 to 24 months.

Post-pandemic bullish organization

With the company already committed to Durango – and Station now seeking approval to build a Wildfire gaming tavern near downtown – the company is living up to its owners’ comments on the Q3 earnings call. RRR in November.

We are in a way in development mode ”, Frank Fertitta explained at the investor conference. “We have six undeveloped lots. We really like the idea of ​​doubling the size of our current operational footprint here in Las Vegas. “

RRR reported third quarter net sales of $ 414.8 million, up 17.4% from the same three months in 2020. Earnings before interest, taxes, depreciation and amortization (EBITDA) was increased nearly 15% year-on-year to $ 184.5 million.

About Octavia A. Dorr

Check Also

Wedding venue near Glasgow launched by six farmer siblings

It IS a fourth generation farm located on the outskirts of Glasgow and like many …