Founded on July 1, 1976, the operator Station Casinos specializes in gaming establishments in the U.S. state of Nevada that primarily target local players.
At the moment, it is extremely ambitious. In fact, it simply plans to double its presence in the Las Vegas valley by the year 2030. However, two years ago, its future was in the dotted line (see article below NDLR).
Thus, he is currently working on no less than 6 projects that have not yet started.
The upcoming demolition of 3 hotel-casinos and the ongoing construction of the future Durango
Like all Las Vegas operators, Station Casinos has been particularly affected by the international Covid-19 coronavirus pandemic. In fact, it was forced to close its casinos between mid-March and the beginning of June 2020.
Nevertheless, after being allowed to reopen them, it still kept the doors of 3 of them closed. Thus, the Fiesta Henderson, Fiesta Rancho and Texas Station have still not welcomed players again. In fact, they will never do it since they are about to be demolished soon. Indeed, we learned last July that the operator was planning to sell the land on which they were built.
It is already known that no gaming complex will be built there, since this will be part of the conditions for the transaction to be signed.
The sale of these various plots of land should make it possible to finance at least in part certain projects of the operator Station Casinos. Last August, the latter bought a fifty-acre site at the southwest corner of Las Vegas Boulevard and Cactus Avenue for 172.4 million dollars.
In addition, he is still working on the construction of his $750 million Durango hotel-casino, which is still scheduled to open in the fall of 2023.
Projects expected to be completed by 2030
At the moment, it must be acknowledged that Station Casinos is surely one of the most optimistic operators regarding Las Vegas. It intends to continue to develop based on its enormous growth in recent years. It is developing no less than 6 new projects that have not yet started in this region of the State of Nevada and that should be completed by the end of the current decade.
Looking at the demographics and profile of people moving to Las Vegas and taking into account the current dynamism of the city, the group’s management believes that this will be an optimal time to increase its presence there.
In this regard, it is already known that Station Casinos is in the process of applying for the necessary permits to develop complexes in the communities of Skye Canyon to the northwest of the valley and Inspirada to the south, but also on Las Vegas Boulevard South. Otherwise, the other three projects can be expected to be developed in Summerlin, Northe Las Vegas and at the intersection of Flamingo Road and the Beltway, respectively.
Nevertheless, no one can yet say with certainty where they will ultimately be. This is because the operator has made a habit of frequently buying land at low prices and holding it for a long time without building anything on it so as to identify the best areas to launch projects.