Aliante Casino New Years Eve ved zoning approvals for a casino and resort hotel on the west side of South Durango Drive near the 215 Beltway. This week, Station execs revealed details regarding the planned property, located southwest of the Las Vegas Strip. (Image: Las Vegas Review-Journal)Stephen Cootey, executive vice president and chief financial officer of RRR, told investors this week that the company plans to break ground on the Durango project in the first quarter of 2022. While a total investment cost hasn’t been determined, initial plans include more than 100,000 square feet of gaming space, with over 2,000 slot machines and 40 table games. bellagio casino property map Cootey said the to-be-named resort will feature a state-of-the-art sportsbook, as well as a 200-room hotel and four full-service restaurants. Station Casinos has owned the 71-acre plot of vacant desert land since 2000. The 9/11 tragedies, Great Recession, and COVID-19 pandemic have impeded the casino firm from moving forward with development. boomtown casino reno buffet But dirt will soon move, Station says. Palms Leaves, Locals KeyStation Casinos is controlled by billionaire brothers Lorenzo and Frank Fertitta III. online casino tennebee

RRR, the Fertittas’ publicly traded holding unit, additionally owns a portion of Station. silver oak casino codes 2020 seven feathers casino dry camping Station Casinos dominates the local casino market in Southern Nevada. brian christopher slots real name doubledown casino vegas slots facebook The company tried its hand with the Strip market in 2016 by purchasing the Palms Casino Resort for 2. 5 million. online casino real money gcash Station and RRR dumped another 0 million into the just-off-the-Strip complex. Ampechanga casino palm springsid dismal operating revenue, and then its mandatory closure in March of 2020 because of the coronavirus, RRR opted not to reopen the property, and instead put it on the market. Hotel Y Casino Bellagio Xfiz Station found a buyer in the San Manuel Band of Mission Indians. The 0 million sale was deemed a credit positive for Station by Moody’s Investors Service. foxwoods resort casino two trees inn The ratings firm said the Palms disposal strengthens Station’s balance sheet, and allows it to focus on what it does best: cater to locals.

Key Insights and Expert Analysis

Station’s Durango project site is five miles from the nearest current casino in operation. Our primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. is little river casino open now Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. He says the investment is warranted by the immediate surrounding area featuring a “high-income population base. ” Opening 2023-24Cootey explained that Station Casinos’ goal is to begin work on the Durango undertaking sometime in January, February, or March of 2022. Once construction begins, the company believes it will take 18 to 24 months for the resort to be finished. On that time line, the earliest the Durango casino could open would be in July 2023. the resorts casino atlantic city The worst-case scenario, per the current project schedule, would be in March of 2024. hollywood casino rewards Cootey believes Station Casipechanga casino palm springsnos’ future is bright because of its superiority in the Las Vegas locals’ market. hard rock casino youtube

“We believe that we are uniquely positioned to capitalize on the very favorable long-term demographic trends and high barriers to entry that characterized the Las Vegas locals’ market,” Cootey concluded. wild casino cash out Shares of Macau concessionaires continue sagging. valley forge casino tower But Morgan Stanley is bullish on the long-term outlook for the world’s largest casino center. Cool Cat Casino Withdrawal Rules Aiiq That’s even as some investors fret about regulatory risk from Beijing. Wynn Macau, seen above, was one of the many venues there hampered by travel issues. Live Casino Vietnamese Show Mkdk Morgan Stanley sees the casino center bouncing back. kansas star casino llc Draftkings Casino Vip Tihh (Image: NPR)Recent gross gaming revenue (GGR) data suggests that despite an increase in COVID-19 cases in the neighboring Guangdong province and the persistent lack of a travel bubble with Hong Kong, things are starting to trend the right way for Macau.