Station Casinos has long been one of the most successful casino operators in Nevada. It seems this company is now looking to expand its presence in Las Vegas. Today, we’ll talk about Station Casinos’ downtown casino plans.
Downtown Las Vegas is home to many popular gambling venues. Many are curious to hear what Station Casinos has planned for this area of the city.
Here’s what you need to know.
Station Casinos’ Downtown Casino Plans are Coming to Light
Station Casinos is well-known amongst most gamblers based in Nevada. This company was founded back in 1976 to cater to local gamblers in the state. It became a hit and quickly opened new casinos around the Las Vegas area.
This major gaming operator has continued to grow over the years. It operates a huge number of popular gambling properties such as Red Rock Casino, Palms Casino Resort, and Mount Rose Station. It now seems that company officials have their eye on expansion into Downtown Las Vegas.
More details on Station Casinos’ downtown casino plans are coming to light. It seems this company is looking to open a small, one-story property around 21,000 square feet on a five-acre plot of land. This news comes shortly after Station Casinos revealed that it plans to open a $750 million resort near Ikea in the southwest valley. Frank Fertitta III, CEO of Station Casinos’ parent company, spoke about these expansion efforts to the media recently.
“We’re going to continue to look at each one of the development sites here in Vegas as we roll forward, try to build out the portfolio, double the footprint here in Las Vegas,” Fertitta said.
Station Casinos is tackling several projects right now. That includes the highly-publicized Durango Station, set to open in Rhodes Ranch. It’s an exciting time for the entire Las Vegas casino industry and companies are doing what they can to capitalize on the recent surge in tourism and revenue.
2021 proved to be an incredible year for Nevada’s gaming industry. Let’s take a quick look at how Las Vegas is faring heading into 2022.
Las Vegas Casino Companies Continue Seeing Revenue Surges
Most of the world’s most powerful gambling operators are based in Las Vegas. That includes MGM Resorts International, Wynn Resorts, and Las Vegas Sands. These companies have seen solid revenue earnings through their Las Vegas properties and some are looking to expand leading into 2022.
MGM Resorts has been in the headlines quite a bit lately. This company is known for operating a huge number of major resorts on the Las Vegas Strip. It has taken part in several sales and purchases lately and just announced its plans to sell The Mirage to Hard Rock International for $1.08 billion.
Las Vegas Sands has been focusing much of its operations on Macau lately. This has proven to be a somewhat difficult situation for this company. Macau has seen intense revenue drops since the pandemic began and Mainland China continues to set intense travel restrictions to this territory.
Station Casinos is experiencing major revenue surges leading into 2022. As a result, this company is focused on expansion. Station Casinos’ downtown casino plans are starting to come out and construction on this venue could begin next year if all goes according to plan.
The US casino industry is in a fantastic position leading into the New Year. We’ll be sure to offer more updates on this industry as the months go on.
More States Prepare for Casino Expansion
The US gambling industry has already broken revenue records in 2021. The American Gaming Association recently released a report showing how much money this industry has generated. Most states have seen record-levels of casino and sports betting revenue flow in.
2022 is set to be a major year for casino companies. Many states are currently looking to expand their number of regulated casinos. The massive potential for tax revenue from these properties is too much to ignore.
Illinois is certainly looking at expansion. This company is in the process of allowing several new casinos to open. That includes a major new casino-resort in the city of Chicago. Hope is that groundbreaking on this new venue takes place in early 2022.
New York also seems interested in allowing more casinos to begin operating. A huge number of individuals are pushing to allow one casino in New York City. This would be the first Class III gambling venue to ever open in the Big Apple.
What do you think of Station Casinos’ downtown casino plans? How do you think 2022 will be for the US gambling industry? Let us know in the comments section below.