Las Vegas Casino operators Station Casinos has confirmed that it has purchased a 126 acre plot of land just south of the Las Vegas Strip in a deal that is worth $172.4 million (€169.3 million).
The news comes just a few days after parent company Red Rock Resorts announced that three casinos in the Las Vegas area would be permanently closed with the buildings demolished and the property sold off.
Speaking of the deal to acquire the 126 acre plot, a Red Rock spokesperson stated:
“We are excited about the potential of this site as a local and regional destination casino resort. The larger acreage parcel allows the company greater flexibility in master planning to take maximum advantage of the future development. We look forward to sharing our plans in the future.”
The company is also currently building a new casino property on a site near Durango Drive. This new property will be named the Durango Casino and Resort. This is expected to be a direct replacement for the three casinos — Texas Station, Fiesta Rancho and Fiesta Henderson — which never reopened following pandemic enforced closures. The new casino is expected to open in 2023.
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An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.