fiesta casino mexican restaurant las vegas closed

These casinos rely on an older customer base in the 65+ range. The Palms, Fiesta Rancho, Fiesta Henderson, and Texas Station will not reopen any time soon. In November, that number was slashed to 25%, which has slowed services considerably.

At the time of reopening, casinos could operate at 50% capacity. Station Casinos have older customer baseĭuring the conference call, Fertitta pointed out there are now more restrictions in place than when the casinos opened back up in June 2020.

Last year, the company’s casinos that did open saw an increase in younger players, but the capacity restrictions at the end of the year caused customers to stop visiting on a frequent basis. The company suffered a net loss of $174.5m in 2020 and is now looking toward 2021 in the hopes of recovery. In a recent conference call, CEO Frank Fertitta III said that the casinos would remain closed until the tourist market returns. Four Red Rock Resorts casinos in the Las Vegas area operating under the Station Casinos umbrella have been closed for almost 11 months because of the COVID-19 pandemic.

Fiesta casino mexican restaurant las vegas closed