{"id":219664,"date":"2022-07-03T21:27:44","date_gmt":"2022-07-04T02:27:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=219664"},"modified":"2022-07-11T16:43:29","modified_gmt":"2022-07-11T21:43:29","slug":"wildfire-casino-is-under-construction-in-downtown-las-vegas","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/","title":{"rendered":"Red Rock Resorts Bringing Wildfire Casino to Downtown Las Vegas"},"content":{"rendered":"

Red Rock Resorts (NASDAQ:RRR) is one of the dominant operators of locals-oriented casinos throughout the Las Vegas Valley. It\u2019s looking to cement that status with the addition of a new gaming venue downtown.<\/p>\n

\"Wildfire
Fremont Street in downtown Las Vegas, seen above. Red Rock is opening a Wildfire casino there. (Image: Visit Las Vegas<\/em>)<\/figcaption><\/figure>\n

The Station Casinos parent is bringing a Wildfire casino to downtown Las Vegas. Currently under construction, the venue will be located on Fremont Street.<\/p>\n

In addition to its namesake venue in Summerlin and Green Valley Ranch in Henderson, Red Rock operates multiple gaming properties under the Station brand<\/a> throughout the Las Vegas area. The company also runs 10 Wildfire casinos, including seven in Henderson, according to its website.<\/p>\n

(Station Casinos) is excited to bring a new Wildfire casino with fresh new amenities to the local residents of downtown Las Vegas,\u201d<\/strong> according to a statement issued by the company, as reported by the Las Vegas Review-Journal<\/em>.<\/p><\/blockquote>\n

Wildfire casinos are typically heavy on slot machines and video poker, with casual, affordable dining options that cater to Las Vegas locals. The upcoming downtown venue sits on part of the old Castaways site, which is land Red Rock has owned for 18 years.<\/p>\n

Other Red Rock Projects Around Las Vegas<\/h2>\n

Flush with cash from the $650 million sale<\/a> of the Palms last year, Red Rock is expanding throughout the Las Vegas Valley.<\/p>\n

\n

Those efforts include the Durango project in Southwest Las Vegas \u2013 an area the gaming company believes is underserved<\/a>. Construction on that venue commenced earlier this year, and it\u2019s expected to include a 73,000-square-foot casino, sportsbook, a 200-room hotel, four restaurants, and meeting space.<\/p>\n<\/div>\n

\u201cWe are currently constructing a new casino resort on our approximately 50-acre development site at the intersection of Durango Drive and Interstate 215 in the southwest Las Vegas valley, which is expected to open in the next 18 to 24 months,\u201d according to a May filing with the Securities and Exchange Commission (SEC).<\/p>\n

In addition to the Durango site, Red Rock owns more than 300 acres of currently unused land throughout Southern Nevada. That indicates the Durango and Wildfire projects could be just the tip of the iceberg when it comes to the operator’s expansion efforts.<\/p>\n

Banking on Las Vegas Locals<\/h2>\n

While the aforementioned Wildfire venue is downtown, Red Rock doesn\u2019t maintain a significant presence there, nor is it a player on the hyper-competitive Strip. In other words, the operator focuses on Las Vegas locals.<\/p>\n

As Wall Street sees it<\/a>, Red Rock\u2019s emphasis on locals could ultimately reward investors. Las Vegas locals include a variety of customers, spanning staffers from Strip casinos to well-heeled retirees that moved to Nevada to enjoy a lower cost of living.<\/strong><\/p>\n

Previously, the Las Vegas local demographic was dominated by construction workers and workers from other casinos, making operators such as Red Rock vulnerable to weak macroeconomic trends. However, owing to an influx of Californians to Nevada — many of whom paid cash for real estate — the locals’ contingency is more affluent and potentially supportive of additional gaming venues.<\/p>\n","protected":false},"excerpt":{"rendered":"

Red Rock Resorts (NASDAQ:RRR) is one of the dominant operators of locals-oriented casinos throughout the Las Vegas Valley. It\u2019s looking to cement that status with the addition of a new gaming venue downtown. The Station Casinos parent is bringing a Wildfire casino to downtown Las Vegas. Currently under construction, the venue will be located on […]<\/p>\n","protected":false},"author":46,"featured_media":219665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[],"acf":[],"yoast_head":"\nWildfire Casino Is Under Construction In Downtown Las Vegas<\/title>\n<meta name=\"description\" content=\"Wildfire Casino marks Red Rock entry in downtown Las Vegas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wildfire Casino Is Under Construction In Downtown Las Vegas\" \/>\n<meta property=\"og:description\" content=\"Wildfire Casino marks Red Rock entry in downtown Las Vegas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-04T02:27:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-11T21:43:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1131\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/\",\"url\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/\",\"name\":\"Wildfire Casino Is Under Construction In Downtown Las Vegas\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg\",\"datePublished\":\"2022-07-04T02:27:44+00:00\",\"dateModified\":\"2022-07-11T21:43:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Wildfire Casino marks Red Rock entry in downtown Las Vegas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg\",\"width\":1131,\"height\":848,\"caption\":\"Freemont Street in downtown Las Vegas. Red Rock is opening a Wildfire casino there. (Image: Visit Las Vegas)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Red Rock Resorts Bringing Wildfire Casino to Downtown Las Vegas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wildfire Casino Is Under Construction In Downtown Las Vegas","description":"Wildfire Casino marks Red Rock entry in downtown Las Vegas.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/","og_locale":"en_US","og_type":"article","og_title":"Wildfire Casino Is Under Construction In Downtown Las Vegas","og_description":"Wildfire Casino marks Red Rock entry in downtown Las Vegas.","og_url":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-07-04T02:27:44+00:00","article_modified_time":"2022-07-11T21:43:29+00:00","og_image":[{"width":1131,"height":848,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/","url":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/","name":"Wildfire Casino Is Under Construction In Downtown Las Vegas","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg","datePublished":"2022-07-04T02:27:44+00:00","dateModified":"2022-07-11T21:43:29+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Wildfire Casino marks Red Rock entry in downtown Las Vegas.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/07\/RRR.jpg","width":1131,"height":848,"caption":"Freemont Street in downtown Las Vegas. Red Rock is opening a Wildfire casino there. (Image: Visit Las Vegas)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/wildfire-casino-is-under-construction-in-downtown-las-vegas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Red Rock Resorts Bringing Wildfire Casino to Downtown Las Vegas"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/219664"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=219664"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/219664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/219665"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=219664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=219664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=219664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}