American casino operator Station Casinos has reportedly floated a proposition with the Las Vegas Planning Commission that could see it bring a small Wildfire-branded venue to a five-acre parcel of land it already owns near the center of Nevada’s largest city.
According to a Monday report from the Las Vegas Review-Journal newspaper, the operator was recently given the go ahead for its Station Casino Durango facility in the southwestern suburbs of the Nevada metropolis and it is now hoping to compliment this by opening a much smaller locals-facing enterprise along Fremont Street some 1.5 miles from downtown. The source detailed that the company is already responsible for seven modest Wildfire-branded properties across ‘The Silver State’ including the Wildfire Valley View and Wildfire Sunset concerns and intends for its latest one-story endeavor to offer entertainment including a sportsbook over 21,000 sq ft of floor space.
Existing example:
The newspaper forecast that Station Casinos probably wants its latest locals-focussed project to be similar in size and scope to the Wildfire Casino property it already runs along Rancho Drive. It also disclosed that this latter venue is situated less than two miles south of North Las Vegas Airport and boasts a sportsbook as well as a restaurant and a small casino with some 155 slots.
Inflation intent:
Station Casinos, which trades as Red Rock Resorts Incorporated, is reportedly eager to double its presence across southern Nevada over the course of the next few decades and is expected to start construction on its impressive $750 million Station Casino Durango enterprise early in the new year. Unlike other casino operators in Las Vegas, the firm purportedly moreover owns approximately 315 acres of Clark County real estate that is essentially being held in storage for future gambling-friendly projects.
Land largess:
Lorenzo Fertitta serves as Vice-Chairman for Red Rock Resorts Incorporated and he reportedly used a recent conference call regarding the company’s third-quarter financial results to declare that he likes the idea of ‘essentially doubling the size of our current operating platform here in Las Vegas by developing those properties’. The executive purportedly furthermore pronounced that the firm is currently in something of a ‘development mode’ despite recently offloading in the region of 90 acres near Reno to a warehouse developer for $32.6 million.
Prominent project:
For his part and the Chief Executive Officer for Red Rock Resorts Incorporated, Frank Fertitta, reportedly echoed his younger brother’s sentiments and noted that the coming Station Casino Durango venue is to be built in two stages on 50 acres of land and eventually feature a two-tower hotel with 452 rooms alongside restaurants and a roughly 93,000 sq ft casino.
The elder Fertitta reportedly declared…
“We’re going to continue to look at each one of the development sites here in Las Vegas as we roll forward and try to build out the portfolio and double the footprint here in Las Vegas.”
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