Skip to Content

Tag Archives: Red Rock Resorts

US – GAN to power retail and online race & sports betting for Red Rock Resorts in Nevada

GAN Limited has signed a deal with Red Rock Resorts to build and deploy the infrastructure for Station’s “STN Sports” online sports platform, mobile applications, and retail Over-the-Counter and Kiosk-based sports betting throughout Nevada, with a commercial launch subject to regulatory technical certification and related regulatory licensing, the latter of which the Company has now…

US – Red Rock just 11 per cent off pre pandemic revenues

Red Rock Resorts reported net revenues were $428.2m for the second quarter of 2021, an increase of 295 per cent, or $319.7m, from $108.5m for the same period of 2020, primarily due to the closure of properties during most of the second quarter in 2020 due to the COVID-19 pandemic. During the second quarter the…

US – North Fork Mono tribe expect to start Madera casino build in June

Construction on California’s newest Indian gaming casino, is expected to break ground on Highway 99 near Madera before the end of June with the North Fork Mono Indian tribe building the $400m property that will be managed by Red Rock Resorts, owner of Station Casinos. The 2,000 slot casino will also offer 40 table games,…

US – Red Rock to break ground on South Durango Drive casino next year

Having sold the Palms Casino in Las Vegas, Red Rock Resorts has said it is keen to press on with its South Durango Drive casino early next year, a project that has been mooted for two decades. Stephen Cootey, Executive Vice President, Chief Financial Officer and Treasurer, explained that selling the Palms has paved the…

US – San Manuel Gaming snaps up The Palms

The San Manuel Band of Mission Indians and the San Manuel Gaming and Hospitality Authority have announced a definitive agreement for a subsidiary of SMGHA to acquire The Palms Casino Resort in Las Vegas, Nevada from Red Rock Resorts, Inc. The transaction is expected to close later in 2021, subject to the receipt of regulatory…

US – Red Rock to keep some casinos closed until they can be ‘accretive to cash flow’

Red Rock Resorts has said that it won’t reopen its Texas Station, Fiesta Rancho, Fiesta Henderson and Palms casinos until tourists and Las Vegas locals return to the market. The company operator reported a $174.5m loss for 2020. Net revenues were $343.4m for the fourth quarter of 2020, a decrease of 25.5 per cent, or…

US – Pandemic ends Red Rock’s best start to a year since 2008

Red Rock Resorts has said the ‘unprecedented challenges presented by the COVID-19 pandemic have significantly impacted the company’s business operations’ with its Q1 net revenues down 15.6 per cent to $377.4m. While Las Vegas operations, excluding Palms, recorded their best operating performance in January and February since 2008, the circumstances abruptly changed in mid-March due…

US – Red Rock to accelerate Palms redevelopment

Red Rock Resorts has confirmed it is ‘accelerating the third phase of its redevelopment plan for the Palms, as part of its transformation of the property into a “must see” gaming and entertainment destination.’ The key components of this phase will include: a casino floor expansion featuring 300 new slot machines and 16 table games;…

US – Station Casinos to buy Palms

Red Rock Resorts has announced that Station Casinos will buy Palms Casino Resort in Las Vegas, Nevada for $312.5m. Palms features a 95,000-square-foot casino with approximately 1,250 slots and 48 table games, a race and sportsbook, approximately 710 hotel rooms across two towers with 85 suites and 19 penthouses Marc Falcone, Executive Vice President, Chief…