Properties that remained closed were Texas Station, Fiesta Rancho, Fiesta Henderson and the Palms. But Station opted to quickly open Red Rock Resort and Green Valley Ranch, and eventually added Palace, Sunset, Boulder and Santa Fe stations. When the coronavirus outbreak shut down Nevada’s casinos for 78 days last year, casino operators didn’t immediately open them back up. “That has resulted in the higher margins that we’re seeing - 49 percent for Las Vegas operations this quarter.”
“I think what we have to look at is those three properties represented less than 10 percent of our cash flow even though they were one-third of the casinos and we have been very successful at moving a lot of the business at those closed properties to the six open properties,” Fertitta said. Chairman and CEO Frank Fertitta III said the company successfully migrated business from the resorts that were closed to the six Station properties that remain open. Station’s parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. (Station Casinos)Įxecutives 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. A rendering shows the exterior of the planned Durango, a Station Casinos Resort.
