Another extension
Station Casinos has gotten approval from both the Nevada Gaming Control Board and the North Las Vegas City Council to keep its Fiesta Rancho and Texas Station casinos closed for at least one more year. They have been closed since the March 2020 pandemic-forced closures.
closed until June 2023 at the earliest
The North Las Vegas City Council voted on Wednesday regarding the matter; city officials were in favor of backing the Nevada Gaming Control Board’s stance. It means that the two Station casinos will be closed until June 2023 at the earliest.
Station Casinos had a temporary extension for the licenses of the two properties up until the end of 2022. The company would then need to have petitioned to get further extensions. As per the state’s gaming regulations, each of the casinos has to pay license fees for a single table game and slot game, as well as be operational for at least one day in each quarter.
A lot of uncertainty
Station Casinos decided not to reopen Fiesta Racho and Texas Station when casinos were able to rev back up in June 2020, be it with strict health and safety restrictions in place. The economic uncertainty caused by the closures was the reason why the casinos did not reopen.
Station had also kept other casinos closed for a while, including the Palms casino resort. Eventually, it sold the Palms to the San Manuel Band of Mission Indians of California. The Palms reopened under the new ownership in April.
Closed for the foreseeable future
Following the news of the license extensions for the two properties, Station Casinos decided to not comment any further. It neither confirmed nor denied that there were plans in the works to sell one or both of the properties.
continually monitoring economic conditions
Company management commented last month during a quarterly earnings call that it was continually monitoring economic conditions to see if it would be able to reopen the casinos
Texas Station first opened in 1995 and has one of North Las Vegas’ largest casino floors. Fiesta Rancho, located across the street from Texas Station, opened in 1994. The Texas Station parking garage has been used as a COVID-19 vaccination and testing spot for the last two years.