Station Casinos Buys Land South of Las Vegas Strip

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Green Valley Ranch Resort | Green Valley Ranch Days aft announcing 3 casinos would beryllium demolished, Station Casinos confirms onshore acquisition Station Casinos confirmed Wednesday that they person acquired astir 126 acres of onshore southbound of the Las Vegas Strip for $172.4 million. The confirmation comes conscionable days aft Red Rock Resorts, the genitor institution of Station Casinos, announced that 3 locals-focused casinos would shutter permanently and beryllium demolished. The 126 acres, located astatine the southwest country of Las Vegas Boulevard and Cactus Avenue, is slated to go the tract of a caller section casino resort. A spokesperson released a connection from the company, saying, “we are excited astir the imaginable of this tract arsenic a section and determination destination casino resort. The larger acreage parcel allows the institution greater flexibility successful maestro readying to instrumentality maximum vantage of the aboriginal development. We look guardant to sharing our plans successful the future.” Station Casinos is besides presently gathering a caller property, the Durango Casino and Resort, connected a vacant tract adjacent the 215 and Durango Drive. It is expected to unfastened successful 2023. Station operates Red Rock Resort, Palace Station, Green Valley Ranch Resort and different hotel-casinos that chiefly cater to locals. Its genitor institution announced that it volition demolish Texas Station, Fiesta Rancho and Fiesta Henderson — each of which ne'er reopened pursuing the pandemic-triggered closures — and reposition the onshore for sale.