'But that said, we're seeing an extraordinary amount of inbound calls and demand for those three properties,' Cootey said. Stephen Cootey, Red Rock Resorts' executive vice president and chief financial officer, said the sale process is just beginning. Instead, they will be demolished and sold on a 'deed-restricted basis,' meaning whoever buys the land would not be able to build a casino on site. Station Casinos announced last month that those properties will not reopen. Red Rock also briefly touched on the status of its three closed properties: Fiesta Rancho, Fiesta Henderson and Texas Station.
'And we expect to basically double the size of the portfolio by 2030, is kind of what the plans are, and continue to roll out new properties one after the other,' Fertitta said.ĭurango remains on schedule and on budget, expected to open in the fall of 2023. Talking to analysts, Red Rock Resorts CEO Frank Fertitta said the company wants to first open Durango, a new resort being built in the southwest valley, and see its operating results before starting the next project. They have also signed a 'purchase and sale agreement' and are performing due diligence on a 67-acre parcel at Losee Road and the 215 in North Las Vegas, executives said.īoth locations are going through planning, entitlement and zoning processes.
