“We expect to double the size of the portfolio by 2030 and continue to roll out new properties one after the other.”Ĭootey said they’ll go forward with entitlement and zoning of its properties, so when they open Durango Station ,they have options to go to any one of their seven future sites.

“We want to get Durango open and we’ll be ready to start on the next project after that,” he said. In addition to the sites on Las Vegas Boulevard South and in North Las Vegas, the memo mentioned sites in the Inspirada subdivision in Henderson, Skye Canyon in northwest Las Vegas, and a site near Town Center Drive and Flamingo Road in Summerlin.ĬEO Frank Fertitta III said they want Durango Station to open and to see the operating results before proceeding to other projects. The memo said that the company acquires sites years and sometimes decades in advance of actual development to take advantage of the growth. “We are currently working through the planning, entitlement, and zoning process for these properties, which would be strong additions to the robust development pipeline which will fuel the next chapter of growth for Station Casinos.”Įarlier in the day, the company issued a memo to employees explaining future growth potential with the land acquisitions and its $750 million Durango Station casino under construction in the southwest valley, expected to be completed by the end of 2023.Įxecutives told employees the acquisitions and developments show the company’s commitment to Las Vegas and are part of their long-term strategy to expand as the city grows. “These two acquisitions are a continuation of our 46-year history of growth through the purchase of gaming sites located in high-growth areas with superior ingress and egress among major beltways in the Las Vegas valley,” Cootey said. Red Rock Resorts has also signed a purchase and sales agreement and is “conducting due diligence” on a 67-acre site master planned for a casino resort in North Las Vegas at Losee Avenue and the 215 Beltway, Cootey told Wall Street analysts.

“We are excited about the potential of this site as a local and regional destination casino resort and look forward to setting our plans for this parcel in the future,” Cootey said. Cootey noted that Station Casinos recently paid $172.4 million for 127.7 acres of additional land south of their existing parcel at the Las Vegas Boulevard and Cactus Avenue, which is south of the South Point Casino.

Red rock resort and casino