A 126-Acre Site in Las Vegas Was Sold for More Than $172 Million to Station Casinos
The information that the site, located south of the Las Vegas Strip, was bought by Station Casinos was confirmed by the operators themselves.
Interestingly, just a couple of days before this news broke, the chairman of parent company Red Rock Resorts announced the complete stop of work and demolition of 3 casinos in the city area that will be followed by the total sale of the property.
The 126 acres cost SC $172.4 million. Commenting on this deal, the chairman noted that the potential of that land for building a local casino resort was delightful. At the same time, he added, the large size of that site provided more room for maneuver in master planning for the most efficient further development.
RRR company will talk about specific plans for the future later.
However, this project is not the only one for today. The company is already constructing a modern casino complex off Durango Drive. It will be called Durango Casino and Resort and will presumably replace three casinos that could not open after the COVID-19 pandemic — Fiesta Rancho, Texas Station, and Fiesta Henderson. The opening of this new complex is planned for next year.
We would like to remind you that Sky River Casino is expected to open in California in September.