Red Rock Resorts, the parent company of Station Casinos, announced an expansion for Durango, their newest locals resort-casino in the Las Vegas Valley. The project, expected to commence this year, will see an increase in both casino space and parking facilities.
The expansion will add approximately 2,500 square feet to the casino floor, including a new high-limit slot and bar area. The casino will introduce 230 additional slot machines, with 120 allocated to the high-limit room. Additionally, a covered parking garage will be constructed, providing around 2,000 new parking spots.
The project was confirmed during Red Rock Resorts’ second-quarter earnings call with investors. Executives noted that the expansion is still in the planning and budgeting stages, with specific timelines and costs yet to be determined.
In a statement, Red Rock Resorts expressed their satisfaction with Durango’s performance since its opening. “In the just over six months since it opened, Durango has, thanks to our team members, been positively received by our guests and has been profitable from day one,” the statement read.
The company highlighted that the expansion would create construction and permanent jobs and enhance convenience for guests, positioning the property well “for future expansion phases.”
Red Rock Resorts President Scott Kreeger emphasized the importance of the new garage for future amenities development and the additional casino space for high-spending customers. “The addition of a new slot high-limit room is just testament to our strategy to invest in higher net-worth customers,” Kreeger said. He noted the company has seen positive returns from investing in high-limit experiences and VIP services.
Looking ahead, Red Rock Resorts is considering further expansion on the north and south sides of the Durango property. Potential developments include entertainment amenities such as a movie theater or a country-western dance hall, and mid-week visitation enhancements like hotel and spa expansions.
Executives also discussed plans for a new resort-casino project in Henderson’s Inspirada community, which could commence while Durango’s new phases are under construction. However, officials said they will monitor the Las Vegas economy, customer trends, and their balance sheet to inform these development decisions.
For the quarter ending June 30, Red Rock Resorts reported a net income of $69.8 million, a 6.8 percent decrease from the previous year, with net revenue of $486.4 million.
Original article: https://www.yogonet.com/international/noticias/2024/07/24/73267-las-vegas-station-casinos-seeking-to-launch-durango-expansion-project-this-year
