Resort hotel

Red Rock Resorts to close and demolish fourth casino for future development – ​​The Nevada Independent

Six weeks after announcing plans to demolish three closed casinos, Red Rock Resorts said Friday it would close the small Wild Wild West casino and hotel and raze the property for future development.

In an email, Red Rock Resorts spokesman Michael Britt said the casino would close at midnight on Wednesday. Still, he anticipates that all Wild Wild West employees would be offered jobs at other properties operated by Station Casinos, Red Rock’s management subsidiary.

Red Rock said the 20 acres that Wild Wild West occupies near the intersection of Interstate 15 and Tropicana Boulevard would be combined with an adjoining 80 acres for a yet-to-be-determined project. In the late 2000s, the company announced plans to build Viva, a resort-sized development on the Strip on the site, although the recession later interrupted this plan.

According to Red Rock’s annual filing with the Securities and Exchange Commission in February, the company purchased Wild Wild West in 1998. The casino had only 164 slot machines, zero table games and a 260 hotel rooms, which is managed by an external partner as a day hostel.

In July, Red Rock announced that it would demolish three properties in southern Nevada – Texas Station, Fiesta Rancho in North Las Vegas and Fiesta Henderson – which had been closed since March 2020. The company plans to reposition the land for sale without the playing rights.

A week later, Red Rock announced it was acquiring an undeveloped 128-acre site off Cactus Avenue and Las Vegas Boulevard South for $172 million – directly south of a 57-acre parcel that Red Rock already possessed.

The company also signed a purchase and sale agreement for a 67-acre site at Losee Road and 215 Beltway in North Las Vegas, which is planned for a hotel-casino. Red Rock Chief Financial Officer Steven Cootey said the company is doing due diligence on the site.

Red Rock vice president Lorenzo Fertitta said in August that the land purchases were “in line with the strategy we’ve had for a long time.” Red Rock is building the $750 million Durango Station in southwest Las Vegas near the 215 Beltway on a site the company has owned for 20 years.

“Development plots of this caliber are simply no longer available in Las Vegas,” Station Casinos President Scott Kreeger said in a statement, referring to the Wild Wild West site combined with an additional 80 acres.

(Updated 09/02/2022 3:45 p.m. to reflect the day the casino is closed)