It had been set to open a casino with a 201-room hotel tower and meeting space in 2008, but the Great Recession foiled the plans. In 2000, the casino operator purchased 71 acres in the southwest valley, at the intersection of Durango Drive and the 215 Beltway. The property at South Durango and the 215 Beltway has been in the works for two decades. Those proceeds could “accelerate the development” of the Durango project, Fertitta said. Station Casinos’ parent company, Red Rock Resorts, announced Tuesday that it was selling the Palms to the San Manuel Band of Mission Indians for $650 million.
He offered little detail on “the timing and scope of that project” but said he expected to share more by its second-quarter earnings call. The company hopes to break ground on its long-awaited South Durango Drive casino early next year, Station Casinos CEO Frank Fertitta III said Tuesday on an earnings call with investors. Baskow/Las Vegas Review-Journal) the same day Red Rock Resorts confirmed it was selling the Palms, executives announced the company will begin work on a new project next year.
This April 12, 2021, file photo shows Red Rock Resort.
