Station Casinos is planning a major expansion for its Palace Station property in Las Vegas that will include a 27-story tower, bingo hall, new pool, movie theater, and a rooftop restaurant, according to Eater Vegas.
The 32-year-old property’s multi-million dollar expansion will be in keeping with the resort’s motto of “Strip Quality. Local Value,” while borrowing from the upscale flair of its Green Valley Ranch and Red Rock Resort properties. The expansion will take place in phases and carried out over a period of years.
The existing courtyard rooms will be replaced by the main attraction, a blue and gray glass and metal paneled 27-story hotel tower with 606 rooms, which would be added after the other upgrades. The tower will be contemporary and sleek in design without railroad themes or ornamentation and be adjacent to the existing tower, which the company hasn’t planned any changes for. Considerations for the top of 335-foot tower include a bar and a 5,279 square foot restaurant and lounge complete with 1,885 square feet of outdoor terrace, according to the exclusive report.
The first of the planned upgrades to be carried out will be a 9,099 square foot bingo hall, which will be located close to the Sahara Ave entrance, outside of the casino floor. Following that, on the courtyard side, 33,153 square feet of additional casino floor will be added. The new space will include a 14,446 square foot buffet and two new restaurants, which combined will total 11,005 square feet. Also planned is the addition of a noodle bar, lounge, and steakhouse, as well as the relocation of the Oyster Bar into the newly created space. The existing upstairs Feast Buffet may be replaced with a 13,261 square foot bowling alley and a “boutique,” five-screen movie theater, which would include a rooftop terrace and bar. Along with the new tower, the final phase of the expansion will include new convention space, as well as a new pool deck complete with a bar and cabanas.
The resort has yet to announce a timeline for the project but a public meeting with local residents has already been held and the approval process for necessary permissions with the City of Las Vegas has begun. So far, the main point of contention is the issue of parking spaces.
In October of 2015, the Summerlin, Nevada- based gaming company founded by Frank Fertitta, Jr. announced it would be returning to the stock market with an initial public offering and on January 21, the plan to go public received final approval from Nevada gaming regulators. In April this year, Red Rock Resorts, Inc. (RRR), the rebranded parent company which owns a portion of Station Casinos, went public on the NASDAQ Stock Exchange. Under the direction of brothers Frank and Lorenzo Fertitta, the company has grown to manage or own 21 casinos in three years.
On May 10, Station Casinos LLC announced its plan to acquire the Palms Casino Resort in Las Vegas for $312.5 million. The Palms’ 95,000 square-foot casino has approximately 1,250 slot machines, 48 table games, a race and sportsbook, and a two-tower hotel with about 710 hotel rooms, including 19 penthouses and 85 suites. The facility also has 15 restaurants and 60,000 square-feet of convention and meeting space, as well as many other amenities.