Station Casinos moving closer to new casino on long-dormant land
Thursday 19 de November 2020 / 06:08
⏱ 1 min read
(Las Vegas).- Four of Red Rock Resorts’ Las Vegas properties remain in the dark, but the locals-focused casino operator is already turning its attention toward future projects in the Las Vegas Valley.
According to a Thursday note from J.P. Morgan based on discussions with executives, the casino company is working on the design and development of a property on Durango Drive, which it views as “the most underserved” area in the Las Vegas locals market.
Macquarie analyst Chad Beynon said durango “remains one of the remaining attractive return opportunities in the Las Vegas Valley, given its location, close-in population base and lack of competitive options.”
A Red Rock spokesman declined to comment.
A ‘strong addition’
A Durango property for Station Casinos — which operates under Red Rock — has been in the works for 20 years.
In 2000, the casino operator purchased 71 acres in the southwest valley, at the intersection of Durango Drive and the 215 Beltway. It had been set to open a casino with a 201-room hotel tower and meeting space in 2008, but the Great Recession foiled the plans.
Categoría:Casino
Tags: Sin tags
País: United States
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