The spread of the Coronavirus pandemic led to the closure of most gambling sites in 2019. Until today, some of these facilities are yet to reopen. Some will never reopen.
Fiesta Rancho in North Las Vegas is one of the gaming properties closed due to COVID-19 that will never reopen. The owner, Station Casinos, already announced that it planned to demolish the property.
Finally, Station Casinos is already acting on its announcement. The demolition of the property began earlier this week. The five-story hotel tower is already rubble.
This is not the only property in North Las Vegas that Station Casinos promised to demolish. In February, the casino operator leveled Texas Station.
The two casinos and the Fiesta Henderson casino have closed since the Coronavirus pandemic kicked in. The gaming sites had so many loyal clients, it almost did not make sense why Station Casinos did not reopen them.
Fortunately for the casino operator, clients still chose to play at the operator’s other gaming site. As such, there is no need to reopen these facilities. Instead, Station Casinos has opted to sell their land as long as the new owners will not use the land to build competing casinos.
Fiesta Henderson Already Sold
The land where Fiesta Henderson sat already belongs to a new owner, who demolished the property in February 2023. The city of Henderson bought the land for $32 million to put up an indoor youth sports center.
Texas Station and Fiesta Rancho sites are yet to be sold. Although the parent company is selling these properties, the president recognizes that they are important to the company.
Scott Kreeger released a statement last July about closing these facilities permanently. He also thanked the teams that worked at these properties.
Kreeger confirmed that a third of employees that worked at these facilities were already employed at other properties the company owns. He also promised that the company would continue to employ more of its former employees in the future.
Doubling Up in Southern Nevada
Station Casinos is doubling its presence in Southern Nevada. Red Rock, whose parent company is Station Casinos, has already launched a Wildfire casino in Las Vegas.
The casino also spent $750 million to revamp Durango Casino & Resort. This new property has 200 hotel rooms, a sportsbook, and a casino floor.
Red Rock plans to build another casino in North Las Vegas after successfully buying 67 acres of land and getting the green light to start construction. The company also bought 126 acres south of the Las Vegas Strip. It is not yet clear how the company intends to use the land.
Ideally, Red Rock has a lot of land in Southern Nevada. This land will likely be used to develop new gaming facilities or divest.
Red Rock operates several gaming sites throughout Las Vegas, including the Green Valley Ranch and the Red Rock Resort. The company also runs ten Wildfire casinos, with seven in the Henderson area.