
Richard Schuetz writes today that “the reality of casino company board rooms is that they are overwhelmed with way too much testosterone.” That certainly seems to be the case at Station Casinos, which has announced seven projects to be executed over the next seven years. Overreach much? A company that took 39 years to reach its present size intends to double it in less than eight. Company President Scott Kreeger told the Las Vegas Review-Journal, “There’s no one more bullish on Las Vegas than Station Casinos.” That much is obvious. And the economic auguries are positive, with credit card delinquencies in the Las Vegas Valley running very low, among other favorable economic indicators. The area population is 24% larger than it was before the Great Recession and gross gaming revenue is 15% higher than before the pandemic (but 8% lower than in 2007).
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