Red Rock Resorts CEO unsure if Palms, Texas Station and others will reopen
Thursday 06 de August 2020 / 03:57
⏱ 1 min read
(Las Vegas).- It’s unclear when, or if, Station Casinos’ remaining closed properties will reopen. Red Rock Resorts, the parent company of Station Casinos, had shuttered its 20 Nevada properties for nearly 80 days.
Frank Fertitta III, CEO of Station's parent company Red Rock Resorts, revealed in an earnings call Tuesday the company is uncertain whether Texas Station, Fiesta Henderson, Fiesta Rancho and the off-Strip Palms will reopen in the wake of COVID-19.
“We don’t know if – or when – we’re going to reopen any of the closed properties,” Fertitta said. “We think it’s too early to make that decision at this time.”
Station Casinos had closed 20 properties in Southern Nevada for almost three months following Gov. Steve Sisolak’s sweeping shutdown order in March.
Before deciding whether to reopen the properties, Red Rock’s Chief Financial Officer Stephen Cootey said the company must learn whether data shows healthy demand at reopened resorts.
"So far we're very pleased with results that we've had, the ability to move some of the play from the closed properties to our existing properties, and we're going to continue to try to get clarity and navigate the situation to make well-informed decisions," Fertitta said, "but whatever decisions we make will be in the best interest of shareholder value."
Categoría:Casino
Tags: Sin tags
País: United States
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