So, it effectively will enjoy a geographic monopoly.
There are only so many people willing and able to pay $350/night for hotel rooms and eat $250 meals in steakhouses.ĭurango Station will probably do well for a while because it’s the new casino and there’s no other gambling venue in the SW sector. Nonetheless, I’m convinced that yet another casino company is cutting into a demographic that’s already saturated. I’m sure the “experts” have this all figured out. Still, I can’t help but wonder why StationCasinos (STN) abandoned Henderson (Fiesta) and North Las Vegas (Texas Station) completely, which both enjoyed loyal customer bases and then jumped across town to build yet another upscale casino-resort that is certain to cannibalize their own already highly-successful Red Rock property, just three miles away to the north. I’ll say this - what an impressive pace of construction. Now, look at Durango Station, which is set to open later this year.
Months ago, this space was just a vacant lot off the freeway in southwest Las Vegas. EARLY THOUGHTS ABOUT DURANGO STATION (LAS VEGAS)
