Las Vegas-based Station operates Red Rock Resort, Green Valley Ranch Resort and other hotel-casinos.

The company is entertaining offers for its existing site at the northwest corner of Las Vegas Boulevard and Cactus, Kreeger said, noting the newly acquired land is the company’s “primary” development focus there.Īsked if the purchase was directly connected to Station’s demolition plans, he replied that the timing was “arbitrary” and that these decisions are all part of a “strategic” direction to keep developing in areas with high economic potential. Scott Kreeger, president of Station parent Red Rock Resorts, said in an interview that the new plot of land gives the company options and flexibility. “We are excited about the potential of this site as a local and regional destination casino resort,” the company said in a statement to the Review-Journal on Wednesday. The latest purchase marks a significant expansion of its land holdings after management talked last year of doubling Station’s presence in the valley.

Unlike other casino operators in Southern Nevada, Station owns big tracts of real estate scattered around the Las Vegas Valley that are essentially in storage for future resort projects. Located several miles south of the Strip, Station’s new holdings are across the street from a roughly 57-acre spread that the company has owned for years and has tried to sell.

The sale, by developer Larry Canarelli, closed Monday, property records show.Ĭanarelli pointed to the “magnitude” of the deal, telling the Review-Journal it eclipsed other land sales in the area. The locals-focused casino operator acquired roughly 126 acres at the southwest corner of Las Vegas Boulevard and Cactus Avenue for $172.4 million. Baskow/Las Vegas Review-Journal) Casinos has loaded up on more land in Las Vegas, completing a big purchase just days after it unveiled plans to demolish three shuttered hotels in Southern Nevada. Red Rock Resort, operated by Station Casinos, is seen Monday, Apin Las Vegas.

Stations Casinos las vegas jobs