Las Vegas: Boyd won’t demolish Eastside Cannery, but it remains closed

Las Vegas: Boyd won’t demolish Eastside Cannery, but it remains closed

Article brief provided by Nevada Independent
  • Howard Stutz, Nevada Independent
July 28, 2022 11:15 PM
  • Howard Stutz, Nevada Independent

Boyd Gaming has seen a revenue increase from its Las Vegas-area casinos over the last three months, but company executives said Tuesday that customer demand in the market is still not strong enough to allow the reopening of Eastside Cannery.

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The 300-room hotel-casino on the Boulder Strip is one of five Southern Nevada casinos that have not reopened in the 29 months following a 78-day, state-ordered gaming industry closure because of the pandemic.

The future of three of the casinos was learned  two weeks ago  when Red Rock Resorts said it would demolish Fiesta Henderson, Texas Station and Fiesta Rancho and “reposition the land,” meaning the gaming entitlements would be removed at the time of sale.

Boyd Gaming CEO Keith Smith said he was “surprised” by the announcement but had “no inside knowledge” of the decision-making process.

“If it makes sense for them, it’s fine. I don’t really have any comments on the issue,” Smith said in an interview following Boyd Gaming’s second-quarter earnings conference call.

Smith and Boyd CFO Josh Hirsberg did not discuss the future of Eastside Cannery in their prepared remarks on the call. However, Truist Securities gaming analyst Barry Jonas asked about the closed casino during the question-and-answer session.