Red Rock Resorts revives casino project in Southwest Las Vegas

Red Rock Resorts has confirmed it will begin work on its long-awaited South Durango Drive casino in Las Vegas early next year.

The operator suggested that the proceeds from the $650m sale of the Palms to the San Manuel Band of Mission Indians could “accelerate the development” of the Durango project.

“We like everything we’re seeing [in the area],” said Red Rock CEO Frank Fertitta. “We think it’s very, very underserved. And we are currently very focused on the scope of the project and defining that, and basically working to make that project the most efficient project that we have ever built as a company.”

The property would focus on slot machines and table games and will feature restaurants but not buffets, Fertitta added. “The project is significantly tighter than anything that we’ve done in the past,” he noted.

Fertitta suggested the Southwest valley area is well suited for a casino, with little competition within five square miles and a growing population. “The demographics are working towards our advantage, given the migration we are seeing from the other states,” he observed.

Global Market Advisors Brendan Bussmann said Red Rock’s “2022 ground breaking goal is not only reasonable but also shows management urgency to push forward with this project”.