RRR - Red Rock Resorts permanently closes three locations
Red Rock Resorts ( NASDAQ: RRR ) announced that it has decided to permanently close its Texas Station, Fiesta Rancho, and Fiesta Henderson properties. The locations have been closed since the beginning of the pandemic in March of 2020.
The facilities at those properties will be demolished to reposition the land for sale, with the exception of the ice rink at Fiesta Rancho, which will remain open.
The casino operator said the action will enable the company to continue reinvesting in our open properties and move more quickly to develop and deliver the next generation of Station Casinos resorts to the residents and visitors of North Las Vegas, Henderson, and the rest of the Las Vegas valley. RRR also stated that the strategic focus will create new and exciting amenities for customers and job opportunities for the community.
Shares of Red Rock Resorts ( RRR ) are down 35.35% on a year-to-date basis.
See the current valuation metrics on RRR.
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Red Rock Resorts permanently closes three locations