Red Rock Resorts, the parent company of Station Casinos, has opened its latest property in southwest Las Vegas on December 5, 2023. The $780 million Durango Casino & Resort is the first new development by the company in 15 years, and marks the beginning of a new chapter of expansion for Red Rock.
Durango Casino & Resort: A Destination for Locals and Visitors
Durango Casino & Resort is located on Durango Drive and the 215 Beltway, in an area that has seen rapid population and economic growth in recent years. The resort aims to fill a void in the southwest corner of the city, which has not been served by any major casino hotels until now.
The resort features 73,000 square feet of gaming space, a sportsbook, 2,000 slot machines, and 40 table games. It also offers a variety of dining and entertainment options, including a steakhouse, a Mexican restaurant, a food court, a bowling alley, a movie theater, and a live music venue.
Durango Casino & Resort is designed to appeal to both locals and visitors, especially those who are looking for a convenient and comfortable place to stay near the airport, the Strip, or the Raiders Stadium. The resort has 200 hotel rooms, a pool, a spa, and a fitness center. It also provides ample parking space and easy access to the freeway.
Durango Casino & Resort: A Boost for Red Rock Resorts’ Earnings and Growth
Durango Casino & Resort is expected to be a profitable venture for Red Rock Resorts, as it taps into a large and underserved market in southwest Las Vegas. According to the company’s executives, the resort should be profitable from day one, and generate close to $160 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA) when fully ramped up.
Durango Casino & Resort is also a catalyst for Red Rock Resorts’ future growth plans, as the company has six more potential casino sites totaling 500 acres throughout the valley. The company’s goal is to double its size by 2030, by building resorts in areas where the population is growing and the company is not represented in the gaming landscape.
Some of the locations that Red Rock Resorts is considering for development include a 48-acre plot within Skye Canyon in the far northwest end of the valley, a 49-acre site in the west Henderson community of Inspirada, and a nearly 125-acre parcel on Cactus Avenue and Las Vegas Boulevard, which could attract both local and interstate customers.
Durango Casino & Resort: A Positive Sign for the Las Vegas Gaming Industry
Durango Casino & Resort is not only a milestone for Red Rock Resorts, but also a positive sign for the Las Vegas gaming industry, which has been recovering from the impact of the COVID-19 pandemic. The resort is the first new casino hotel to open in the city since the Circa Resort & Casino in downtown Las Vegas in October 2020, and the first new locals-oriented casino since the Lucky Dragon Hotel & Casino in 2016, which closed after less than two years of operation.
Durango Casino & Resort shows that there is still demand and opportunity for new gaming properties in Las Vegas, especially in the locals market, which has been more resilient than the Strip market during the pandemic. The resort also demonstrates that Las Vegas is still a dynamic and growing city, with new residential and commercial developments creating new markets for gaming and entertainment.
Durango Casino & Resort is off to an impressive start, according to analysts and customers who have visited the property. The resort has received positive feedback for its design, amenities, service, and atmosphere. The resort is expected to become a popular destination for both locals and visitors, and a key driver of Red Rock Resorts’ earnings and growth in the years ahead.
