Red Rock Resorts, through its Station Casinos operating subsidiary, opposed the legislation, which was backed by Culinary Workers Local 226 and several Strip casino operators. Passed during the 2021 Legislative session, SB386 was dubbed the “Right to Return” bill because it guaranteed the rights of gaming and tourism industry workers who were laid off during the pandemic to return to their jobs. Meanwhile, Red Rock Vice Chairman Lorenzo Fertitta said SB386 adds uncertainty about who the company is required to hire to fill jobs when a new casino opens. The transaction is expected to close by the end of the year.

We're not going to go and open something and cannibalize our other properties and end up making less money.”Ī fourth closed Station Casinos property, Palms Casino and Resort, is in the process of being sold to the gaming arm of Southern California’s San Manuel Band of Mission Indians for $650 million. “We're confident that we can deliver incremental, absolute profitability. “We've been very successful at moving a lot of the business at those closed properties to the six open properties, which has resulted in higher margins,” Fertitta said.

His comments during Red Rock’s third-quarter earnings conference call last week hinted that the closures would last indefinitely.

Red rock casino slot types of machines