57 acres south of the Las Vegas Strip are sold by Red Rock Resorts for $62 million.

Red Rock Resorts sold 56.6 acres at the northwest corner of Las Vegas Boulevard and Cactus Avenue for just over $62 million. A report in the Las Vegas Review-Journal says that. The HCA Healthcare chain is the one who bought it.

Red Rock, which owns Station Casinos, bought 126 acres across the street for $172 million in July. The land is on the southwest corner of Las Vegas Boulevard and Cactus Avenue. The company said it wanted to build a “local and regional destination casino resort.”

Basically, Red Rock didn’t think the 56.6 acres were big enough for what it wanted to do in the area.

The gaming company said in a statement after the July purchase, “The larger acreage parcel gives the company more freedom in master planning to get the most out of future development.”

A representative for the HCA confirmed that it bought the land, which has been owned by Red Rock for years, but said that the group didn’t have any plans for it yet. People expect a medical complex.

Doubling Up

The goal of the locals-focused casino company, as stated by chairman and CEO Frank Fertitta III during the company’s second quarter 2022 earnings call, is to “basically double the size of the portfolio by 2030.” The latest sale will help pay for this goal.

The company already has an impressively large portfolio. In addition to the Red Rock Resort and Green Valley Ranch, Red Rock Resorts also runs several Station-branded gaming properties around Las Vegas. It also runs 10 Wildfire casinos, seven of which are in Henderson.

Red Rock is building a $750 million casino on Durango Drive in Southwest Las Vegas. It will have 73K square feet of gaming space and 200 hotel rooms. This fall is when that resort is likely to open.

The company is also building a new Wildfire casino in downtown Las Vegas on the site of the old Showboat/Castaways Hotel and Casino, which it bought in 2004 and then tore down. It is also rebuilding the Wild Wild West on Tropicana Avenue, west of Interstate 15, which it tore down last year.

Red Rock also wants to build a 600-room resort with an 80,000-square-foot casino on 45 acres it has owned since 2007 in the Inspirada community of Henderson.

Red Rock bought almost 67 acres in North Las Vegas for $55 million in December 2022. The land was at the northwest corner of Losee Road and the 215 Beltway. After getting permission to build a new casino and 600-room hotel on the site, which is 75,700 square feet.

Red Rock also owns 58 acres at Flamingo Road and Town Center Drive in Summerlin and 47 acres in Skye Canyon in the upper northwest valley.