In the third quarter, Red Rock reported revenue of $414.4 million from its Las Vegas resorts. “All those properties have interested buyers that we’re in discussion with at this time,” Red Rock Resorts President Scott Kreeger said.
Red Rock plans to sell nearly 190 acres around the Las Vegas Valley, including the sites of the two closed Fiesta casinos in Henderson and North Las Vegas and the demolished Texas Station in North Las Vegas. It’s scheduled to open late next year.īut Red Rock CFO Stephen Cootey told analysts on the company’s third-quarter conference call last week that sites in the Henderson community of Inspirada and Sky Canyon in northwest Las Vegas are moving “through the planning entitlement and zoning processes.” Red Rock, the corporate parent of operator Station Casinos, owns 630 acres of developable land across Southern Nevada.įor now, the under-construction $750 million Durango Station in southwestern Las Vegas, near the 215 Beltway, is the focus. The company, Boyd’s largest competitor in the neighborhood casino market, has visions of doubling its footprint in the Las Vegas Valley by 2030. The approach is different for Red Rock Resorts.
“We obviously have great competence in Las Vegas.” “There are always opportunities and we are always looking for ways to expand,” Smith said.
