Red Rock to Raze Trio of Closed Station Casinos, Sell Real Estate

Red Rock Resorts (NASDAQ:RRR) proclaimed today its triple of still-shuttered casinos — Fiesta Henderson, Fiesta Rancho, and TX Station — will live closed in(p) for good, torn down, and the land sold.

The venues were closed in(p) inwards 2020 soon after the onset of the coronavirus pandemic. But as casinos across the Las Vegas Valley reopened, Red River John Rock kept the aforementioned properties and the Palms closed, stoking conjecture well-nigh the casinos’ futures.

Station Casinos parent Red River John Rock ultimately sold the Palms. Last month, it was revealed that the North Las Vegas City Council signed off on extending the “non-operational” status of Lone-Star State Station and Fiesta Rancho through June 4, 2023.

Combined, the ternion casinos sit on 107.5 acres, meaning Red River John Rock is adding to its vast holdings of currently unused set down end-to-end the Las Vegas Valley. Local media reports don’t reference possible buyers for the properties. But it appears unlikely new gaming venues testament replace them.

For Red Rock, Practical to Close the Casinos

While Fiesta Henderson, Fiesta Rancho and Texas Station were pop among visitors, and locals wanted the casinos to reopen, it’s a sensitive economical make a motion for Red River John Rock to for good shutter the establishments.

There were costs associated with the in-limbo status of the venues, and o'er the past II years, patrons switched over to other Station casinos. For example, Henderson residents that antecedently frequented Fiesta Henderson at present call in Green River Valley Ranch and Sunset, indicating they’re remaining loyal to Red River Rock properties.

In add-on to its namesake venue in Summerlin and Green River Valley Ranch in Henderson, Red Rock operates multiple gaming properties under the Station brand throughout the Las Vegas area. The society also runs 10 Wildfire casinos, including sevener inward Henderson, according to its website.

Prior to the pandemic, Fiesta Henderson, Fiesta Rancho, and Texas Station employed just about 1,750 people. a tertiary moved on to other Station venues, and the reside left for other industries or departed the area, reports The Las Vegas Review-Journal.

Red John Rock Planning New Las Vegas Casinos

While Fiesta Henderson, Fiesta Rancho, and Lone-Star State Station are closure for good, Red John Rock remains 1 of the dominant operators in the Las Vegas locals market, and is adding more venues to long pillow that status.

The manipulator is reportedly inwards talks with the metropolis of Second Earl of Guilford Las Vegas for a new gaming venue that could be placed several miles from some properties operated past rival Boyd Gaming.

Red John Rock is also under building on a Wildfire casino inward downtown Las Vegas, and bust ground on the Durango project inwards Southwest Las Vegas earlier this year.