{"id":3544,"date":"2026-02-11T13:17:25","date_gmt":"2026-02-11T13:17:25","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=3544"},"modified":"2026-02-11T13:17:25","modified_gmt":"2026-02-11T13:17:25","slug":"red-rock-resorts-enjoys-record-revenue-and-growth-in-las-vegas","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/red-rock-resorts-enjoys-record-revenue-and-growth-in-las-vegas","title":{"rendered":"Red Rock Resorts Enjoys Record Revenue and Growth in Las Vegas"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2025\/07\/durango-casino-and-resort.jpg\" alt=\"Durango Casino &amp; Resort\" class=\"alignleft size-full wp-image-3485\" width=\"300\" title=\"Red Rock Resorts Enjoys Record Revenue and Growth in Las Vegas\" \/><strong>Summary:<\/strong><\/p>\n<ul>\n<li>Red Rock Resorts has posted its ninth consecutive record quarter, with excellent revenue and adjusted EBITDA.<\/li>\n<li>Durango Casino &#038; Resort and other locally focused properties drove growth, with ongoing expansion planned.<\/li>\n<li>Analysts remain bullish, referring to strong local market performance and upcoming capital projects.<\/li>\n<\/ul>\n<p><strong>Red Rock Resorts<\/strong> continues to show why neighborhood casinos are holding their own against <a href=\"https:\/\/www.casinousa.com\/blog\/what-is-the-strip-in-las-vegas\">the Strip<\/a>. The company posted record revenue and adjusted earnings for the fourth quarter, marking its ninth consecutive record quarter and signaling strong momentum heading into 2026.<\/p>\n<p>Chief Financial Officer <strong>Stephen Cootey<\/strong>. <\/p>\n<blockquote><p>For the full year, our Las Vegas operations delivered their strongest performance on record, achieving all-time highs in net revenue and adjusted EBITDA, including producing more than $900 million in adjusted EBITDA for the first time in our 50-year history, while maintaining near-record adjusted EBITDA margins. The respective results mark the <a href=\"https:\/\/www.casinousa.com\/news\/red-rock-resorts-thrives-while-las-vegas-strip-casinos-cool\">second consecutive year of record net revenue<\/a> and the fifth consecutive year of record adjusted EBITDA<\/p><\/blockquote>\n<p>He further highlighted \u201cthe strength, consistency, and long-term earning power\u201d of the platform.<\/p>\n<h2 id=\"durango-casino-key-contributor\">Durango Casino, Key Contributor<\/h2>\n<p>The CFO also praised the <strong>Durango Casino &#038; Resort<\/strong>, which opened in December 2023, as a key driver of growth. <\/p>\n<p>After adding 25,000 square feet of casino space last year, <a href=\"https:\/\/www.casinousa.com\/news\/station-casinos-initiates-116m-phase-ii-durango-expansion\">Red Rock began a 275,000-square-foot expansion in January<\/a> to attract 6,000 new households within three miles. The $385 million project is expected to take 17 months to complete.<\/p>\n<p>The company also saw strong carded slot play from both regional and national customers, reflecting the appeal of its properties beyond just locals. <\/p>\n<blockquote><p>With the fourth quarter behind us, the strong momentum for 2025 has carried into the current year, reinforcing our confidence, strength, and resilience of our business<\/p><\/blockquote>\n<h2 id=\"busy-super-bowl-weekend\">Busy Super Bowl Weekend<\/h2>\n<p>Red Rock President <strong>Scott Kreeger<\/strong> added that the company&#8217;s properties outperformed the Strip in daily room rates, occupancy, and revenue, particularly among high-net-worth and high-limit customers. <\/p>\n<p>Despite reports of a slower <a href=\"https:\/\/www.legitgambling.com\/news\/seattle-seahawks-grab-super-bowl-lx-with-strong-defence\/\">Super Bowl weekend in Nevada<\/a>, Kreeger said their properties were busy. <\/p>\n<blockquote><p>We had decent results from the Super Bowl from a betting perspective and even better results from slots and food and beverage. If there was any slowdown anywhere, it wasn\u2019t at our properties.<\/p><\/blockquote>\n<p>Non-gaming segments were strong as well, with food and beverage profits near record levels and solid hotel performance, despite ongoing renovations at Green Valley Ranch. <\/p>\n<p>For 2026, <strong>Red Rock plans $375 million to $425 million in capital projects<\/strong>, including enhancements at Sunset Station, Green Valley Ranch, and Durango.<\/p>\n<p>Analysts remain positive. <strong>Barry Jonas<\/strong> of Truist Securities reiterated a Buy rating on Red Rock stock, noting the company beat expectations for adjusted earnings by 4% and continues to benefit from local market growth and federal tax cuts.<\/p>\n<p>Red Rock closed Tuesday at $66.79, while its North Fork tribal casino in Northern California continues construction on schedule for a fourth-quarter opening.<\/p>\n","protected":false},"excerpt":{"rendered":"Summary: Red Rock Resorts has posted its ninth consecutive record quarter, with excellent revenue and adjusted EBITDA. Durango Casino &#038; Resort and other locally focused properties drove growth, with ongoing expansion planned. Analysts remain bullish, referring to strong local market performance and upcoming capital projects. Red Rock Resorts continues to show why neighborhood casinos are [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-3544","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Red Rock Resorts Enjoys Record Revenue and Growth in Las Vegas<\/title>\n<meta name=\"description\" content=\"Red Rock Resorts continues to grow in Las Vegas with record revenue and earnings, with impressive growth from Durango.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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