For $55M

Las Vegas: Station Casinos buys 67 acres with plans to develop new resort

Scott Kreeger, president of Station Casinos parent Red Rock Resorts.
2022-12-07
Reading time 1:56 min

Las Vegas casino chain Station Casinos has purchased nearly 67 acres at the northwest corner of Losee Road and the 215 Beltway in North Las Vegas for $55 million. According to records retrieved by Las Vegas Review-Journal, the company’s plans for the site, in the Villages at Tule Springs master-planned community, call for a new resort.

The sale was recorded with the county on Monday. The locals-focused casino operator’s plans for the site call for 600 hotel rooms and more than 75,700 square feet of casino space, as well as restaurants, a movie theater, a bowling alley, banquet facilities and other amenities.

The move further fattens Station Casinos’ land holdings in Southern Nevada. As part of its casino strategy, the company owns big tracts of real estate scattered around the Las Vegas Valley as storage for future properties. The firm said earlier this year it is working on plans to double its portfolio of venues by 2030.

The North Las Vegas City Council approved project plans for Station Casinos’ latest development last month, following the Planning Commission’s green light in September. The move comes as the firm advances on a separate $750 million resort project in the southwest valley, called Durango. The company is also working on plans for other plots of land.


Construction of Station Casinos' Durango resort

But in addition to working on new projects, Station has also started tearing down properties that never reopened after the pandemic, with the intention to sell the sites. It has also unveiled plans to demolish the Wild Wild West hotel-casino near the Strip and redevelop the property.

Scott Kreeger, president of Station parent Red Rock Resorts, told the Review-Journal this fall that its Losee project was further down the development pipeline. Before the firm develops the North Las Vegas resort, it may first break ground on projects in Henderson’s Inspirada community, in the upper northwest valley’s Skye Canyon community, or at Las Vegas Boulevard and Cactus Avenue several miles south of the Strip, Kreeger said at the time.

Kreeger also noted in conversation with Review-Journal that Tule Springs is poised to see more development. “We think long term, that’s a very dynamic growth area for residential and business,” he said. “As that area matures, we’re well positioned to take advantage of that.”

The Losee project would be developed in phases. The first would include 200 hotel rooms, restaurants, three resort-style pools, a 48,000-square-foot casino floor, and a tavern on the corner of the property, Station representative Rebecca Miltenberger told the North Las Vegas City Council at a Nov. 16 hearing.

The second phase would include more hotel rooms and dining space and expand the casino and entertainment areas, said Miltenberger, real estate attorney with Brownstein Hyatt Farber Schreck, as reported by the cited source. A timeline for the project has not yet been provided.

Leave your comment:
Subscribe to our newsletter
Enter your email to receive the latest news
EVENTS CALENDAR