Station Casinos deploying their real estate starting from condominium hotel implantation

Station Casinos have divulged that they have in stock three potential casino projects sites in Las Vegas. The supply will be catered with respect to demands, the officials have reported. The casino president, Lorenzo Fertitta announced at the summit that of Reuters Hotels and Casinos that the company is seeking for opportunities to expand its real estate possessions. The most feasible upcoming project considered by the station casinos is establishment of condominium hotel in view of reconstruction of its Wild Wild West casino, situated about a mile off the Las Vegas Strip. The company is already targeting to resume it next casino, Red Rock Station in the suburb of Summerlin, by 2006. Due to the fact that Las Vegas is on the way up, the property denominations are surging as well and the idea is to explore every available opportunity. The hotel rooms imbue company's stocks with additional 7 percent of its revenues when last year the company grossed $66.35 million.

Source: Online Casinos News Staff

Thursday, 24 February 2005