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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%…
Land-based
Durango Casino & Resort drives record quarter for locals giant Red Rock
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…
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Indy Gaming: Red Rock’s long-stalled tribal casino deal near Fresno moving forward
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The Nevada Independent

Indy Gaming: After $600M renovation, what’s next for Las Vegas Convention Center?

LVCVA CEO Steve Hill said the facility now has more than 15.4 million square feet of meeting space -enough to attract additional events. 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…
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Indy Gaming: After $600M renovation, what’s next for Las Vegas Convention Center?
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…
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Red Rock Delays the Casino Opening Until December 5th
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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…
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Red Rock delays opening of Durango resort until Dec. 5
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

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…
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New Wildfire Casino starts Red Rock’s latest building boom
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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.…
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$750 million casino in southwest valley on track to be complete before 2024
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…
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Travel Weekly

Station Casinos' growth plans could include a Las Vegas Strip property: Travel Weekly

Construction continues on the $750 million Durango Casino & Resort in the southwest Las Vegas valley. A detailed model of Durango, set to open in the fall of 2023, is displayed at the Red Rock Casino Resort, itself undergoing enhancements that include new restaurants, an adults-only pool and a renovated high-limit slots room. But company executives…
Travel
Station Casinos' growth plans could include a Las Vegas Strip property: Travel Weekly
Review Journal

Culinary Union frustration with Station Casinos playing out in NGC meetings

Between its planned rapid expansion in Southern Nevada, the topping off of what will become Las Vegas' newest casino and the installation of an IGT cashless wagering system at some of its properties, Station Casinos has been all over the news. And dogging the city's largest locals casino company every step of the way has been Culinary Local…
Gaming Authorities
World Casino News

Wild Wild West Gambling Hall venue closing for good

In the western American state of Nevada and casino operator Red Rock Resorts Incorporated has reportedly announced that its small Wild Wild West Gambling Hall property is to be permanently shuttered from later today. According to a Friday report from The Nevada Independent, this is the fourth such move from the Las Vegas-headquartered firm…
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Wild Wild West Gambling Hall venue closing for good
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The Nevada Independent

Red Rock Resorts to close and demolish its fourth casino for future development

Six weeks after announcing plans to demolish three closed casinos, Red Rock Resorts said Friday it would shut down the small Wild Wild West casino and hotel and raze the property for future development. In an email, Red Rock Resorts spokesman Michael Britt said the casino would close on Wednesday at midnight. Still, it anticipates all the Wild Wild…
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Review Journal

Station Casinos sees a future filled with construction

Station Casinos only started building its newest Las Vegas resort this year, but it's eyeing a future filled with construction in Southern Nevada. Frank Fertitta III, the casino chain's top boss, reiterated its expansion plans during an earnings call this month. He wants to get the under-construction Durango resort open and then be ready to start…
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Station Casinos sees a future filled with construction
The Nevada Independent

Red Rock Resorts to demolish three closed Southern Nevada casinos, sell property

Red Rock Resorts will permanently close and demolish its three Southern Nevada properties that have been closed for more than two years, the company said Friday, with plans to "reposition the land for sale." In a statement released Friday afternoon, Red Rock President Scott Kreeger said it was a "difficult" decision to permanently close Texas…
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Red Rock Resorts to demolish three closed Southern Nevada casinos, sell property
Street Insider

Red Rock Resorts Announces Second Quarter 2022 Conference Call and Earnings Release Date

LAS VEGAS, July 11, 2022 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2022 on Tuesday, August 9, 2022 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will…
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The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

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 Five Southern Nevada casinos that never…
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Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023
The Nevada Independent

Indy Gaming: Aristocrat Americas president sees convergence with online and 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, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Tom O'Brien returned to Aristocrat…
Sports
Indy Gaming: Aristocrat Americas president sees convergence with online and casinos
Review Journal

Optimism high among casino execs during Las Vegas investor forum

Nevada-based casino companies are poised for a strong 2022, judging by the upbeat comments from executives during an investment forum this week at Wynn Las Vegas. Casino executives said business is approaching or surpassing pre-COVID-19 levels, many companies are showing favorable group business calendars and leisure visitors continue to crowd…
Finance
Optimism high among casino execs during Las Vegas investor forum
The Nevada Independent

Closed casinos, visitation declines hurt two Clark County gaming markets

Two North Las Vegas casinos that have been closed for 23 months and a nearly 38 percent decline in visitation to Laughlin kept the Clark County communities from meaningful participation in Nevada's record-shattering $13.4 billion gaming revenue year in 2021. According to the Gaming Control Board, the markets were the only two of Nevada's 18…
Industry
Closed casinos, visitation declines hurt two Clark County gaming markets
Yogonet

Red Rock sees revenue up 37% in full 2021; bets on cashless gaming, new Durango property

Gaming operator and Station Casinos parent company Red Rock Resorts released on Wednesday its financial results for the fourth quarter of 2021 and the full year ended Dec. 31. During FY21, net revenues were up 37% to $1.6 billion versus 2020, while net income increased to $354.8 million from a net loss of $174.5 million the prior year. Adjusted…
Finance
Red Rock sees revenue up 37% in full 2021; bets on cashless gaming, new Durango property
The Nevada Independent

Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas

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 Red Rock Resorts expects to begin…
Sports
Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas
Fox 5 Vegas

Station Casinos 'refining' budget, plans for forthcoming Durango resort

LAS VEGAS (FOX5) -- Station Casinos' in-progress property could break ground by March of 2022. In a Nov. 2 earnings call for Red Rock Resorts, the parent company of Station Casinos, Executive Vice President Stephen Cootey said they expect construction to begin officially in the first quarter of next year. The forthcoming property, which will be…
Travel
Review Journal

Station Casinos’ planned Durango property has price tag: $750M

Executives of Station Casinos have no plans to sell the three casinos they own that remain closed, and they now have a price tag for their planned resort at Durango Drive - $750 million. Station's parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. Chairman and CEO Frank Fertitta III said the company…
Travel
Station Casinos’ planned Durango property has price tag: $750M
Review Journal

Station Casinos’ Durango project approved for southwest Las Vegas

Station Casinos received approval from county officials Wednesday to move forward with its much-anticipated plan to build a resort in the southwest valley. The Clark County Commission greenlighted the company's proposal to build a 211-room hotel with an 83178-square-foot casino on South Durango Drive just south of the 215 Beltway. Station plans to…
Strategy Guide
Station Casinos’ Durango project approved for southwest Las Vegas
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Two Women Found Dead at Palms Casino Resort, Vegas

Homicide detectives from the LVMPD are investigating the potential murder-suicide of two women found in a Palms Place hotel room on the Palms Casino Resort premises. [Image: Shutterstock.com] The Las Vegas Metropolitan Police Department (LVMPD)'s homicide division is investigating the possible murder-suicide of two women found in a hotel room on…
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Two Women Found Dead at Palms Casino Resort, Vegas
Yogonet

Station Casinos' new Las Vegas project to start construction in early 2022

ed Rock Resorts executives on Wednesday shared new details about the Station Casinos project planned in the southwest Las Vegas valley. However, the date of operations resumption of three of their currently closed properties is still unknown. The parent company of Station Casinos discussed the project located off the 215 Beltway and Durango…
Travel
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Red Rock Resorts Executives Outline New Casino Plans

Red Rock Resorts executives have revealed some fresh information about plans to develop a new casino in the southwest valley of Las Vegas. Executives from the Station Casinos owner specified during a Q2 earnings call on Wednesday that the planned hotel-casino will be located on a 71-acre site on South Durango Drive. the current schedule is to break…
Travel
Red Rock Resorts Executives Outline New Casino Plans
Fox 5 Vegas

Station Casinos announces details of casino to open in southwest Las Vegas

LAS VEGAS (FOX5) -- Station Casinos this week announced plans for its casino to be built in the southwest Las Vegas Valley. During an earnings call, Stephen Cootey, chief financial officer of Station's parent company Red Rock Resorts, announced plans for the project, which is situated on a 71-acre parcel located off the 215 Expressway and Durango…
Travel
Review Journal

Station Casinos focused on Durango casino project in southwest valley

Station Casinos executives shared new details Wednesday about their plans for a long-awaited project in the southwest valley. The future hotel-casino will occupy a 71-acre parcel on South Durango Drive near the 215 Beltway and feature 100000 square feet of casino floor space, Chief Financial Officer Stephen Cootey told investors during an earnings…
Travel
Station Casinos focused on Durango casino project in southwest valley
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New Madera Casino Project to Break Ground Next Month

The construction of the new Madera casino along Highway 99 in the Fresno Area is expected to break ground next month. According to Red Rocks Chief Financial Officer Stephen Cootey in an investor conference call last week: "We continue to expect to have a shovel in the ground in the second quarter of 2021 with the construction expected to take 15 to…
Law
New Madera Casino Project to Break Ground Next Month
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Red Rock Resorts' Long-Delayed California Casino Receives Another Legal Setback

A California appellate court tossed a roadblock in front of Red Rock Resorts' planned development of a tribal-owned casino near Fresno that has been tied up in legal maneuverings for some 18 years. A three-judge panel said the defeat of a 2014 statewide ballot referendum precluded California's governor from signing a gaming compact with the North…
Travel
Red Rock Resorts' Long-Delayed California Casino Receives Another Legal Setback
Eminetra

Las Vegas locals, employees disappointed Station Casinos buffets 'will never return'

Las Vegas, Nevada 2021-05-21 22:36:11 - Las Vegas - Affordable buffet meals may be on the way. Station Casinos is a place where many locals love to gamble all day and fill up bottomless food at affordable prices, but it's probably not the case anymore. Station Casino does not directly admit to 13 Action News that it has no plans to revive the…
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Las Vegas locals, employees disappointed Station Casinos buffets 'will never return'
GV Wire

Groundbreaking for New Casino on Highway 99 Expected by June, Officials Say

Construction on the Fresno-area's newest Indian gaming casino, along Highway 99, is expected to break ground before the end of June. That's according to a top executive with Red Rock Resorts, the parent company of Las Vegas based Station Casinos - which is partnering on the project with the North Fork Mono Indian tribe. "We continue to expect to…
Travel
Groundbreaking for New Casino on Highway 99 Expected by June, Officials Say
Review Journal

12 Las Vegas casinos, resorts including Mirage, Palms remain closed

Las Vegas is known for being a city that never sleeps, but several of its properties have had their lights turned off for nearly five months. A total of 12 properties owned by MGM Resorts International, Caesars Entertainment Inc., Red Rock Resorts Inc. and Boyd Gaming Corp. have yet to reopen in Las Vegas, as occupancy rates hover as low as 30…
Travel
12 Las Vegas casinos, resorts including Mirage, Palms remain closed