The location would allow Red Rock to attract local customers and draw visitors off Interstate 15, which borders the west side of the property. Kreeger didn’t commit to the company’s next project but said a nearly 125-acre site on Cactus Avenue and Las Vegas Boulevard is a few years down the road. “With Durango being the first of what looks like many more opportunities over the next decade, and strong land-banked assets, the company can significantly add to and have an impact on both the locals and visitors markets.” “This is the beginning of a new chapter of expansion for Red Rock,” said casino industry adviser Brendan Bussmann, managing partner of Las Vegas-base B Global. The property is similar in design to Durango, but a development date wasn’t provided. Last month, the Henderson Planning Commission approved plans for Inspirada Station.

Highway 95, just south of the road leading to Kyle Canyon, and 49 acres in the west Henderson community of Inspirada. Two such locations are a 48-acre plot within Skye Canyon in the far northwest end of the valley along U.S. Kreeger said the main attraction is that most of the locations are off of “major arterial freeways” or within communities where residential and commercial development is actively expanding.

“Looking at the dynamic growth of Las Vegas, we think the growth capacity over the next 10 years is going to fuel and kickstart our ability to develop these sites.”

“We’ve always been a company that is willing to buy future development land and hold it in a land bank for the right time,” Kreeger said in an interview last week. In 2021, Red Rock CEO Frank Fertitta III and vice chairman Lorenzo Fertitta - the brothers are the casino operator’s largest shareholders - told analysts the goal was to double the company’s size by 2030. Red Rock owns six development sites that, combined, cover more than 500 acres in regions stretching to the outer ends of Clark County, giving the company a roadmap for future projects. He said Durango’s opening is the blueprint for Red Rock’s development plans - building resorts in areas around the Las Vegas Valley where the population is growing, the economy is expanding and the company is not represented in the gaming landscape. The company already has a few locations in mind for expansion. Red Rock Resorts President Scott Kreeger said a dry spell like that won’t be repeated.

Tuesday morning’s opening of the $780 million Durango Casino Resort comes 15 years after the company opened its last development.

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