The company owns six undeveloped sites in the valley and likes the idea of “essentially doubling the size of our current operating platform here in Las Vegas by developing those properties,” he said. “Right now as you can see we’re kind of in the development mode,” Lorenzo Fertitta, vice chairman of Station parent Red Rock Resorts, told analysts during a conference call Tuesday.
It also owns several empty plots around Southern Nevada.Įven though Station hasn’t reopened all of its properties after last year’s statewide casino shutdown, management indicated this week it wants to double its presence in the valley.
The locals-focused casino giant aims to break ground early next year on a $750 million resort, near Ikea in the southwest Las Vegas Valley.
After sitting on big chunks of land for years, Station Casinos is now in development mode.
