Station Casinos will permanently close and demolish three Las Vegas area casinos

0

Three “local” casinos in the Las Vegas area have been closed since the COVID-19 pandemic took hold in the United States. And now, not only will they never reopen, but they will be wiped off the map. Station Casinos has confirmed that Fiesta Rancho, Texas Station and Fiesta Henderson will be razed and the land they occupy will be sold.

As readers will probably remember, casinos in the United States closed in March 2020 as the pandemic began to explode. Gradually they reopened, usually with capacity restrictions and health and safety requirements. The gaming industry, like most others, has been turned upside down by the COVID-19 virus.

But over the months and years, Station continued to shut down Fiesta Rancho, Texas Station, Fiesta Henderson, and Palms Casino Resort. The business eventually sold Palms to the San Manuel Band of Mission Indians in 2021 and it reopened about three months ago.

This drastic decision is purely a financial decision.

“Even before the pandemic, they were our worst performing properties,” Station Casinos President Scott Kreeger said. say it Las Vegas-Review Journal. “After the pandemic, at least where we are today, we don’t see it being viable to reopen these properties for several reasons. The majority of our loyal customers migrated to our other facilities, and we captured around 90% of that overall play. Thus, these properties, to some extent, have become redundant.

Customers at Fiesta Rancho and Texas Station, according to the Review-Journal, have found new gambling dens at Santa Fe Station and the nearby Wildfire Casino. Those from Fiesta Henderson went to Green Valley Ranch and Sunset Station.

In the meantime, Station will use the money from the sales for a possible new casino north of Las Vegas, although the exact location has not been revealed.

“We are working with the City of North Las Vegas on a potential development site for another large-scale casino,” Kreeger said. “We’re also very interested in the tavern and the small, unrestricted space, and we have plans to invest in that in North Las Vegas as well.”

Station is also building a new Durango Hotel & Casino in southwest Las Vegas.

Partly for competitive reasons, Station would prefer that whoever buys the land where its three closed casinos are located not build another casino, which is probably also why it tears down the buildings. The company also believes that putting something else in these places will benefit the community, by “diversifying” the area.

Fortunately, the permanent closures will have minimal impact on employees, as very few actually worked at the three casinos, since they were not open. A third of casino employees have already moved to other casinos in the Station.


Source link

Share.

About Author

Comments are closed.