'And we've been very successful at moving a lot of the business at those close properties to the six open properties, which has resulted in the higher margins,' Fertitta said, explaining they won't reopen the three casinos if they 'cannibalize our other properties.' Red Rock CEO Frank Fertitta said the three properties still in their portfolio represented less than 10% of the company's cash flow. MORE ON NEWS 3 | Live at a Station Casinos property for 12 weeks with summer internship The sale is still expected to close by the end of next month. The San Manuel Band of Mission Indians reached an agreement to buy the Palms earlier this year. Red Rock Resorts, the parent company of Station, discussed its casino plans during a third-quarter earnings conference call on Tuesday.įour Station Casinos properties - Palms, Fiesta Henderson, Fiesta Rancho and Texas Station - have been dark since the COVID-prompted gaming shutdown in March last year. LAS VEGAS (KSNV) - Executives with Station Casinos continue to remain coy when it comes to its shuttered gaming properties in the Las Vegas valley, remaining focused for now on a forthcoming casino in the southwest.

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