In a surprising turn of events, Red Rock Resorts has announced the decision to postpone the grand opening of its Durango Casino and Resort in Las Vegas. Originally slated for November 20, the new debut date is now December 5, as revealed during the company’s third-quarter earnings conference call.
Red Rock Resorts’ Vice Chairman, Lorenzo Fertitta, explained that “certain areas” critical to the opening were not completed on time. Fertitta emphasized the importance of adequate time for staff training and venue preparation, ensuring a flawless opening experience. The primary focus is on providing top-notch service to Las Vegas Valley residents, fostering return visits.
Fertitta stated, “The most important thing is that the level of service on the day that we open is at the highest quality it can be.” The delay, however, will not result in additional costs beyond the initial budget of $780 million earmarked for the Durango Casino and Resort project.
Durango Casino Features
Situated on a 50-acre site near the 215 Beltway and South Durango Drive, the Durango Casino and Resort boasts 201 rooms, aiming to become the primary casino within a 5-mile radius. The expansive casino floor spans 83,000 square feet, housing nearly 2,300 slot machines, 63 table games, and multiple dining options, including four full-service restaurants and a 25,000-square-foot food hall.
Red Rock Resorts is actively recruiting a staff of 1,700 employees for the casino. Employees initially scheduled to start on November 20 will receive their salaries and tips as planned. Guests with reservations between November 20 and December 5 will receive priority for future bookings at the Durango property or have the option to reschedule at other Station Casino properties in Las Vegas.
During the third-quarter earnings call, Red Rock Resorts reported a net income of $68.4 million and revenue of $411.6 million, marking the third-best revenue quarter in the company’s history. Red Rock Resorts shares on the Nasdaq exchange experienced slight fluctuations but closed positively at around $41.89 per share.
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