Durango, A Station Casinos Resort will feature a casino floor measuring 73,000 square feet equipped with 2,000 slots, 46 table games, and a sportsbook. A 200-room hotel, four full-service restaurants and bars, and a resort-style pool are also in the works.<\/strong><\/p>\nCootey added that the $750 million — which Fertitta said is a hard cap — is inclusive of all design, construction, financing, and preopening costs and expenses.<\/p>\n
“We are extremely excited about this project,” Cootey concluded.<\/p>\n
Visitor Traffic Down, But Gaming Time Up<\/b><\/h2>\n Discussing the company’s financials, Cootey explained that the first quarter experienced a reduction in visitation compared with the same three months in 2021. However, the customers who did patronize Station\/RRR casinos more than made up for the reduced visitation by spending more time gambling.<\/p>\n
Cootey said time on the device (TOD), a key metric that measures a game’s attractiveness and, subsequently, its profitability, increased from January through March 2022.<\/strong><\/p>\n“While a combination of omicron and inflationary pressures, offset by the lifting of the mass mandates across the state of Nevada on February 10th, resulted in a quarter-over-quarter reduction in visitation, this trend was more than offset by increased time on device as well as strong spend per visit across our entire portfolio,” Cootey detailed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Station Casinos’ publicly traded subsidiary Red Rock Resorts (RRR) missed Wall Street earnings estimates this week. But that didn’t subdue billionaire Frank Fertitta III’s enthusiasm regarding the firm’s next investment in Southern Nevada. During RRR’s first-quarter earnings call with investors and analysts, Fertitta, who controls Station Casinos and Red Rock Resorts with his brother, Lorenzo, […]<\/p>\n","protected":false},"author":25,"featured_media":212001,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[],"acf":[],"yoast_head":"\n
Station Casinos Durango Project Has Owner Frank Fertitta III Optimistic<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n