Red Rock Resorts is moving forward with a significant expansion at its Durango property, driven by strong customer demand for more amenities such as movie theaters and bowling alleys. During the company’s third-quarter earnings call, executive vice president and CFO Stephen Cootey outlined details of an upcoming 18-month, $385 million expansion set to begin in January, following the completion of the current phase.
The expansion will increase the property’s footprint by more than 275,000 square feet along the north side of the existing facility. Plans call for nearly 400 additional slot machines and expanded casino floor space, complemented by a state-of-the-art 36-lane bowling facility, luxury movie theaters, new restaurant concepts, a food hall, and several entertainment venues. These additions are designed to increase guest satisfaction and encourage repeat visits.
Cootey emphasized that the project will be managed under a guaranteed maximum price contract to control costs. He noted the rapid development of the surrounding neighborhoods, with over 6,000 new households expected within a three-mile radius in the coming years and the continued growth of nearby Summerlin, which could add about 34,000 new households.
The current expansion phase, expected to finish by year’s end, adds 25,000 square feet of casino space, a new high-limit slot area and bar, 230 new slot machines, and a new covered parking garage with nearly 2,000 spaces. This $120 million project remains on budget.
Red Rock Resorts reported record results for the third quarter, with net income of $76.9 million on revenue of $475.6 million, marking the ninth consecutive quarter of record net revenue. President Scott Kreeger highlighted that the company’s focus on the Las Vegas locals market—distinct from the tourism-driven Strip—continues to provide consistent growth, as it is built around a gaming-centric model catering to both local residents and visiting guests.