- Station Casinos announced plans to build a 600-room and 80,000-square-foot casino project in the Inspirada Community in Henderson.
- Last month, the Station Casinos also acquired a 67-acre plot in Losee, North Nevada after securing approval for another 600-room project.
- Station also demolished three North Nevada casinos last September and its parent company, Red Rock Resorts, demolished the small Wild Wild West Casino.
Station Casinos will build a 600-room project in Henderson’s Inspirada community that would feature an 80,000-square-foot casino and 30,000 square feet of convention space. The project would also include restaurants, a bowling alley, and a movie theater.
This was detailed by Scott Kreeger, President of Red Rock Resorts – the parent company of Station Casinos in a letter to the City of Henderson.
According to Kreeger, the proposed Henderson project would give guests a similar customer experience as Station Casinos’ two other properties – Red Rock Resort in Summerlin and Green Valley Ranch Resort in Henderson.
In its filing with the city, Station Casinos says that it hopes to start construction in 2024 and the company plans to develop the project in three phases. The filing was part of the company’s offer to buy a 3.76-acre plot owned by the city which is adjacent to its 45-acre casino site. In early October, the Henderson City Council accepted Station Casinos’ $1.75 million offer. The council is expected to meet this week to consider a purchase and sale agreement and escrow instructions for the transaction.
Doubling it Portfolio by 2030
Executives in charge of Station Casinos say they hope to double their portfolio by the end of the decade >> https://t.co/DjXFVhqDaJ pic.twitter.com/i4a8WREYZ5
— KSNV News 3 Las Vegas (@News3LV) August 10, 2022
The Inspirada project is just one of the many plans in Station Casinos’ pipeline as it targets to double it portfolio by 2030. This month, it purchased $67 acres in Losee, North Nevada after securing approval to build another 600-room hotel project on the site. That project will have a 75,700-square-foot casino.
Station Casinos owns big tracts of land scattered around Las Vegas. These lands are expected to be used to build casinos when the right opportunity arises.
For instance, the Inspirada site was acquired way back in 2007. Station Casinos is also building a $750 million casino resort in Durango on a plot that it acquired more than 20 years ago. The Durango casino is currently under construction and will feature a 200-room hotel tower and an 83,000-square-foot casino with 2,000 slot machines and 46 table games.
Station Casinos is also building a new Wildfire Casino at 2700 Fremont Street near Charleston Blvd. in downtown Las Vegas. That casino will feature 200 slot machines plus bar-top gaming, electronic table games, and an STN Sportsbook and is expected to open in February 2023. The Durango casino is also expected to open in October 2023.
The company has not formally announced which resort project will open after Durango. However, it looks like Inspirada will be a frontrunner with Kreeger saying that Losee is “further down the company’s development pipeline”.
Station Casinos Demolishes Properties
Station Casinos to demolish and sell land of three closed venues with intention to reinvest, expand portfolio https://t.co/1gtL4MgzzJ
— Yogonet Gaming News (@YogonetNews) July 18, 2022
Aside from acquiring land and building casinos, Station also demolished several of its properties earlier this year. Last July, Station Casinos announced that it would be demolishing three properties that had been shuttered since the onset of the COVID-19 pandemic.
In September, the company started the demolition of two of the properties- Fiesta Henderson and Texas Station. Fiesta Henderson has a 35-acre lot while Texas Station had a 906,000-square-foot building plus parking area. The company has no update on the third casino, Fiesta Rancho, but the company applied for a demolition permit way back in July.
Per its official statement, Station said that the three casinos were demolished with the intention to reinvest and expand its existing portfolio.
Station’s parent company Red Rock Resorts also announced last September that it would be tearing down the small Wild Wild West Casino located on 20 acres of land near the intersection of Interstate 15 and Tropicana Boulevard. According to the company, its lot will be combined with an adjacent property for a future project.
