Station Casinos has been steadily recovering since the devastating casino shutdowns experienced in 2020. It now seems that this major Nevada-based gaming operator is focused on expansion. Today, we’ll talk about some of the details surrounding Station Casinos’ new property.
There have been several major casino openings in Southern Nevada lately. It appears another one is set to take place in the near future.
Here’s what you need to know!
Las Vegas Orders Another Indoor Mask Mandate
Las Vegas is and always has been the country’s top gambling and entertainment destinations. For that reason, the events that unfolded in 2020 took a massive toll on this city. When the casinos shut down, tourism into the city came to a screeching halt.
This trend continued through much of the year. Most of the casinos in Las Vegas reopened to the public in June and July. Unfortunately, tourism rates remained extremely low throughout almost the entirety of 2020.
Things have completely turned around in 2021. Restrictions toward casinos have been lifted and, as a result, a huge number of individuals around the US have been flocking to Las Vegas. The opening of major casino-resorts such as Resorts World has helped to fuel that tourism drive.
Some now worry that things could soon go back to the way they were in 2020. Yesterday, news broke that the state of Nevada has ordered another indoor mask mandate. This is due to the large increase in Covid-19 cases caused by the Delta variant.
Moving forward, those vaccinated or not will need to wear masks while inside casinos. This alone is unlikely to halt tourism into the city. If more restrictions are ordered, however, there is a chance that the gaming and entertainment industries here could be affected in a major way.
Casino companies here continue to look toward expansion. That includes Station Casinos, which just released some of the details of another property it plans to open in the future.
Details of Station Casinos’ New Property are Starting to Come Out
Many of the world’s biggest and best casinos are currently based in Las Vegas. A huge number of massive gambling properties are based here including MGM Resorts and Las Vegas Sands. Station Casinos may not have quite the same name recognition, yet it’s one of the state’s most successful gaming operators.
This company suffered greatly throughout 2020. In fact, it kept many of its venues closed for longer than other casino companies. Station Casinos wanted to ensure that when its casinos reopened, they did so in a way that was profitable.
This week, more details of Station Casinos’ new property were released to the public. This company revealed that it is planning to open another major casino-resort near Durango Drive and the 215 Highway. It will feature more than 100,000 square feet of gaming space and should take between 18 to 24 months to complete. CEO Frank Fertitta III spoke about this news to the media this week.
“Our primary focus right now is really down on Durango, which we think is a great development opportunity and the most underserved part of the Las Vegas Valley,” he said. “The area is fast growing, with a high-income population base, large gaming demographic, and zero competition for five miles.”
Fertitta has a point claiming there is very little competition in the area. Station Casinos’ new property would likely be a major hit with locals in the area. We’ll be sure to offer more updates on this situation over the next few months.
Most casino fans in Southern Nevada are still focusing on Resorts World Las Vegas. It seems this property helped to boost tourism rates in the state last month!
Nevada’s Gaming Win Passed $1 Billion in June
Nevada’s gambling revenue has been steadily increasing over the past six months. It appears this trend has continued into the month of June. Reports surfaced this week claiming that Nevada’s gaming win surpassed the $1 billion mark once again in June.
Resorts World Las Vegas helped the state achieve this feat. This property opened its doors in late June. A massive number of individuals from around the country have been flocking here to see what exactly the property’s $4.3 billion price tag can offer.
The state managed to bring in $1.193 billion last month. That represents a staggering 110.5% increase when compared to June of 2020. Clark County appears to be the big winner in the state of Nevada.
Here, gambling revenue came out 130.6% higher than it was a year prior. Gaming win on the Strip was even higher at 156.3% more than in June of 2020. Resorts World Las Vegas seems to be directly responsible for this massive spike of revenue on the Strip.
Many will now be interested to see if the recent spike in infections will affect gaming revenue here. Las Vegas remains vulnerable to state restrictions. We’ll offer more updates on the tourism and revenue figures here as 2021 continues.
Are you excited to hear about Station Casinos’ new property? Do you expect revenue figures to continue increasing in Las Vegas? Let us know in the comments section below!