{"id":284051,"date":"2023-08-04T14:45:01","date_gmt":"2023-08-04T19:45:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=284051"},"modified":"2023-08-04T14:45:01","modified_gmt":"2023-08-04T19:45:01","slug":"red-rock-planning-nov-20-opening-for-durango-casino-resort","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/","title":{"rendered":"Red Rock Eyes Nov. 20 Debut for Durango Casino"},"content":{"rendered":"

Red Rock Resorts (NASDAQ: RRR) said it\u2019s targeting Nov. 20 as the grand opening date of the Durango Casino & Resort in Southwest Las Vegas.<\/p>\n

\"Durango\"
Construction on Red Rock Resorts’ Durango Casino & Resort in Southwest Las Vegas. The venue is expected to open on Nov. 20. (Image: KLAS)<\/figcaption><\/figure>\n

The operator recently tested external lighting and signage at the venue, stoking speculation that the timeline to opening was running more rapidly than expected. Red Rock believes Durango Casino & Resort<\/a> will be successful because it\u2019s in one of the few areas of Las Vegas that isn\u2019t densely populated with gaming venues. Durango\u2019s marquee lighting will be unveiled tonight.<\/p>\n

The state-of-the-art resort will feature over 200 hotel rooms, convention and meeting spaces, a resort pool with cabanas, outdoor social areas, and free parking,\u201d according to a statement. \u201cDurango will offer locals and visitors a best-in-class resort boasting 15 restaurants, including four signature outlets and a food hall set in a dynamic casino environment.\u201d<\/p><\/blockquote>\n

The casino will feature 73,000 square feet of gaming space, a sportsbook, 2,000 gaming machines, and 40 table games.<\/p>\n

Durango Quickly Springing to Life<\/h2>\n

Red Rock commenced construction on the $750 million<\/a> Durango project last year and it was topped off last October.<\/p>\n

\n

The venue is an addition to the operator\u2019s exclusively Las Vegas portfolio and it could be an accretive one due to the dearth of casinos in Southwest Las Vegas and that area\u2019s rapidly growing population. Some analysts believe the new integrated resort will provide a long-term spark to Red Rock stock.<\/p>\n<\/div>\n

\u201cDurango opening (November 2023) should be a catalyst, and we believe shares can work as we approach that date,\u201d wrote Stifel analyst Steven Wieczynski in a note to clients.<\/strong><\/p>\n

He rates the stock \u201chold\u201d with a price target of $51, down from $54. The shares are up 12.42% year-to-date.<\/p>\n

In addition to its namesake venue in Summerlin and the 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

Durango Adds to Red Rock Locals Offerings<\/h2>\n

Durango will feature a large hotel and given its proximity to the Strip, it could be positioned to capture business and leisure visitation among travelers that want to avoid the Strip or are seeking better pricing during Sin City\u2019s busy periods.<\/p>\n

Still, as is the case with many Red Rock venues, Durango\u2019s target demographic will be Las Vegas locals — a demographic analysts view as growing and increasingly financially healthy.<\/strong><\/p>\n

An influx of affluent retirees from other states, namely neighboring California, bolsters the long-term case for Red Rock shares, because many of those consumers have the capability to pay cash for Las Vegas real estate. Combine the elimination of mortgage obligations with lower property taxes and no state income tax in Nevada, and they have the discretionary cash with which to indulge in visits<\/a> to Red Rock-operated casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"

Red Rock Resorts (NASDAQ: RRR) said it\u2019s targeting Nov. 20 as the grand opening date of the Durango Casino & Resort in Southwest Las Vegas. The operator recently tested external lighting and signage at the venue, stoking speculation that the timeline to opening was running more rapidly than expected. Red Rock believes Durango Casino & […]<\/p>\n","protected":false},"author":46,"featured_media":258755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[81897,23],"acf":[],"yoast_head":"\nRed Rock Planning Nov. 20 Opening For Durango Casino & Resort<\/title>\n<meta name=\"description\" content=\"Durango Casino & Resort in Southwest Las Vegas slated to open on Nov. 20.\" \/>\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\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red Rock Planning Nov. 20 Opening For Durango Casino & Resort\" \/>\n<meta property=\"og:description\" content=\"Durango Casino & Resort in Southwest Las Vegas slated to open on Nov. 20.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/\" \/>\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=\"2023-08-04T19:45:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Image-2023-01-13T185710.175-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/\",\"url\":\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/\",\"name\":\"Red Rock Planning Nov. 20 Opening For Durango Casino & Resort\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Image-2023-01-13T185710.175-1.jpg\",\"datePublished\":\"2023-08-04T19:45:01+00:00\",\"dateModified\":\"2023-08-04T19:45:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Durango Casino & Resort in Southwest Las Vegas slated to open on Nov. 20.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/red-rock-planning-nov-20-opening-for-durango-casino-resort\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Image-2023-01-13T185710.175-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Image-2023-01-13T185710.175-1.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Construction on Red Rock Resorts' Durango Casino & Resort in Southwest Las Vegas. 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