Red Rock Resorts reports strong profit

Red Rock Resorts

Red Rock Resorts reported its best quarter ever for its six open properties, fueled by pent-up demand from a younger demographic and Las Vegas population growth. It has fueled an increase in VIP business (out of 10). Executives also confirmed that the company is financially ready to begin construction on its Durango Station casino in early 2022.

Red Rock Resorts reported adjusted earnings of $210.2 million, an increase of 82.4 percent from the second quarter of 2019. According to Stephen Cooley, executive vice president, it reported a margin of 49.1 percent compared to 2019.

Cooley stated, “The customer trends we saw in tQ2 are consistent with the trends since our reopening in June 2020. We continue to see strong visitation from our younger demographic, increased spend per visit, and more time spent on device.”

 

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Nassima Azmzm

Nassima Azmzm

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