Red Rock Chief Financial Officer Steve Cootey said the opening is still planned for sometime in the last three months of this year.įertitta told analysts the company wants to see continued stability in the Las Vegas gaming market and assess how Durango performs before jumping into another development. Once the hotel-casino opens, Red Rock executives said they will be able to determine the next resort.Ĭonstruction crews topped off the 200-room hotel-casino in October and the structure should be fully enclosed by April. Fertitta said the large casino resorts and Wildfire attract different customer markets.ĬBRE gaming analyst John DeCree told investors the small casino “should provide some incremental growth in 20.”īy then, the Durango project, Red Rock’s first all-new casino development since 2008, could be up and running from its location in the southwestern part of the valley at the 215 Beltway and Durango Drive. Red Rock saw a 3 percent year-over-year increase in revenue from its Southern Nevada casinos, bringing in $1.65 billion last year. “They're a little more convenient getting in and out, and they offer a little bit more of a personalized service than our big box operations,” Fertitta said. 7 conference call with analysts when describing the small standalone casino that is five times smaller than either of the company’s flagship properties – Red Rock Resort in Summerlin and Green Valley Ranch Resort in Henderson. “They're a little bit more local in their radius of customer catchment,” Fertitta said on the company’s Feb. Still, CEO Frank Fertitta III said the 21,000-square-foot Wildfire, the seventh of the company’s properties without a hotel component, has its place in Red Rock’s portfolio as the starting point in an effort to double the size of the company’s Southern Nevada footprint by 2030. The company’s big new revenue producer lands later this year when the $750 million Durango Station opens for business. The newly opened Wildfire Fremont Casino near downtown Las Vegas isn’t going to tip the scales on Red Rock Resorts’ balance sheet.

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