Station Casinos may permanently close 4 Las Vegas resorts

Four Station Casinos resorts may not reopen as a consequence of the coronavirus pandemic, Red Rock Resorts has revealed.

US.- Red Rock Resorts, the parent company of Station Casinos, has revealed that four of the properties in Las Vegas may never reopen due to the impact of the pandemic.

The properties in question are Texas Station, Fiesta Henderson, Fiesta Rancho and off-Strip Palms.

Red Rock CEO Frank Fertitta made the announcement in an earnings call.

He said: “We don’t know if – or when – we’re going to reopen any of the closed properties. We think it’s too early to make that decision at this time.”

The corporation is waiting to see how those resorts it has re-opened recover from the pandemic before making any decisions.

Red Rock Resorts second quarter revenues saw a 77.5 per cent drop, compared with the same quarter in 2019, reflecting a similar situation faced by competitors in the industry.

Several of its other properties have reopened in recent weeks, after almost three months of closure since Gov. Steve Sisolak’s decision to close casinos doors in March.

Fertitta said: “So far we’re very pleased with results that we’ve had, the ability to move some of the play from the closed properties to our existing properties, and we’re going to continue to try to get clarity and navigate the situation to make well-informed decisions, but whatever decisions we make will be in the best interest of shareholder value.”