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08/06/2019

Palace Station, Palms renovations attracting tourists, locals

Red Rock Resorts’ executives are confident renovation projects at Palace Station and the Palms will pay off.

Steve Cootey, executive vice president and chief financial officer for the parent company to Station Casinos, told investors during a call Tuesday afternoon that the two properties have already been seeing “significant revenue growth,” and have been attracting tourists and locals alike. Net revenue rose 16 percent to $482.9 million last quarter.

“Both of these completely transformed properties are still in the process of ramping up, and we continue to expect these investments to generate significant returns for the company over time,” he said. “The property will continue to ramp faster than the market.” https://www.reviewjournal.com/business/casinos-gaming/palace-station-palms-renovations-attracting-tourists-locals-1820430/

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