“ Room rates certainly have come down from where people’s expectations were,” he said. “It seems as though there has been some steam come out of people’s expectations for maybe what they thought that event would be maybe a year ago.” “We’re not quite as tied to F1 as some of the properties on the Strip,” Lorenzo Fertitta said. Scott Kreeger, Stations president, said the first F1 race would be a “learning experience,” and there might even be extra business for locals casinos because of the traffic created by the closures surrounding the racecourse on the Strip. So we think it’s obviously the right thing to do,” he said.Ĭompany officials said during the third-quarter earnings call that expenses for Durango would still be about $780 million, or at least within 5% of that number.Īlthough nothing about the delay appeared related to the upcoming Las Vegas Grand Prix, executives answered several questions related to the race as the Q3 call went on. “For me and Frank (Fertitta III, Stations CEO), the most important thing is that the level of service on the day that we open is at the highest quality that it can be. The first impression is very important and quite honestly we have very high standards and we want to nail the opening.”

Those with restaurant reservations will be contacted by Station Casinos officials to make accommodations.įertitta, who was meeting with investors as the news came out, said, “We’re going to own this asset for a long time. “We continue to prepare for the scheduled opening of our Durango Resort, which we have now moved to December 5, to ensure a first-class opening of the property,” said the release from Station Casinos.

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