Red Rock Resorts Announces Ambitious Future Projects in Las Vegas
Red Rock Resorts Prepares for Major Expansion
Red Rock Resorts has unveiled plans to embark on several new development projects over the next few months and years, signaling a strong commitment to growth in Las Vegas.
During a recent announcement, Steve Cootey, Executive Vice President, Chief Financial Officer, and Treasurer of Red Rock Resorts, emphasized the company’s focus on expanding its footprint in the Las Vegas market.
Focused Investment Driven by Economic Growth in Nevada
Cootey highlighted the impressive growth Nevada has experienced, noting that it ranks as the third fastest-growing state over the past 20 years. He pointed out that a significant portion of new residents arriving from California tend to have higher incomes and greater spending capabilities. Additionally, he projected that median household income in Clark County is expected to increase by 7.1% within the next five years.
The job market in Las Vegas is also thriving, having added approximately 76,000 positions in the last three years—surpassing the national average. This robust employment growth underscores the city’s promising outlook despite challenges facing online gambling and economic uncertainties.
Expansion Across Multiple Locations with Substantial Investment
Currently, Red Rock owns 19 properties across the Las Vegas valley, and the company plans to expand further with three major projects in the pipeline.
The first project is a new development in Durango, which will feature an expanded casino area and a variety of food and beverage venues, alongside additional room accommodations. This venture is budgeted at around $120 million and will add roughly 25,000 square feet of casino space, demonstrating Red Rock’s confidence in the continued popularity of land-based gaming and entertainment.
Significant Infrastructure and New Property Plans
Beyond casino expansion, the Durango project also includes a new parking garage with nearly 2,000 spaces, a high-limit slot room, and a dedicated bar, enhancing the overall guest experience.
The second project will cover 123 acres located east of Interstate 15 and south of the South Point Hotel Casino along Las Vegas Boulevard. While still in the early stages and conceptual phase, Red Rock is intent on bringing this new property to fruition.
The third planned development involves 63 acres in the western Henderson area of Ispirada, near the M Resort, further signaling Red Rock’s strategic growth across the Las Vegas metropolitan area.
