Station Casinos to reopen without poker rooms

www.reviewjournal.com
3 min read
fairly difficult
Red Rock Resorts, the parent company of Station Casinos, has already announced a reopening strategy that involves six properties.
Red Rock Resort in Las Vegas Wednesday, Oct. 3, 2018. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto

Station Casinos is gearing up to reopen its Nevada properties, but visitors can expect to see changes compared to operations before the shutdown.

Select properties — Texas Station, Fiesta Henderson, Fiesta Rancho and Palms — will remain closed throughout the first phase of the company's reopening plan. There will be no poker in phase one; no buffets or movie theaters in that time, either.

CFO and Executive Vice President Stephen Cootey said the company's reopening strategy should help it become more efficient in the long-run.

"In our 40-year-plus history we have weathered a lot of challenges, and we'll weather this one as well," he said during an earnings call Tuesday.

Effects of the outbreak

It's been more than two months since Red Rock Resorts — the parent company of Station Casinos — closed its Las Vegas-area properties.

On Tuesday, it reported a 15.6 percent decline in revenue in the first quarter as a result of casino closures during the coronavirus pandemic, down from $447 million in the same period last year.

Amid the crisis, the company has cut executive salaries, suspended its quarterly dividend, terminated and negotiated certain vendor agreements and laid off a "significant" number of workers, reducing…
Richard N. Velotta, Bailey Schulz
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