Red Rock secures ninth consecutive record quarter in its Las Vegas markets
Another record year and quarter will see Red Rock Resorts continue with its master plan of expansion and renovation in the Las Vegas neighbourhoods in which it operates.
Red Rock‘s revenues were $511.8m for the fourth quarter of 2025, an increase of 3.2 per cent from $495.7 million in the same period of 2024 with its Las Vegas segment setting a new quarterly record.
Net revenues from Las Vegas operations were $505m for the fourth quarter of 2025, an increase of 2.5 per cent, representing a ninth consecutive record quarter. For the full year, revenues were $2.01bn in 2025, an increase of 3.7 per cent.
Executive Vice President, Chief Financial Officer & Treasurer Stephen Cootey said: “The fourth quarter represented another period of exceptional performance for the company. Our Las Vegas operations set new fourth quarter records for net revenue and adjusted EBITDA while maintaining near-record adjusted EBITDA margin. This marked the ninth consecutive record quarter for both net revenue and adjusted EBITDA. 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 margin.”
“These results mark the second consecutive year of record net revenue and the fifth consecutive year of record adjusted EBITDA, underscoring the strength, consistency, and long-term earnings power of our operating platform.”
“In addition to delivering strong financial results in 2025, we remain very pleased with the continued performance of Durango Casino Resort and the successful revenue backfill at our core properties. Durango continues to expand the locals market and drive incremental play from our existing customer base, reinforcing its position as a meaningful growth driver within our portfolio. On December 15, we completed our latest expansion to Durango, adding more than 25,000 square feet of new casino space, including what we believe is the premier high-limit slot area in Las Vegas, along with a covered parking garage providing nearly 2,000 additional parking spaces.”
Durango recently broke ground Jan. 5 on the property’s North end that will expand the podium by 275,000 square feet. The expansion will add nearly 400 additional slot machines and ancillary gaming to the casino floor, while also introducing a range of new amenities including a 36 lane bowling facility, luxury movie theatres, a mix of new restaurant concepts and multiple entertainment venues, highlighted by a partnership with Moonshine Flats, which will bring its signature country western bar and live music concept to Las Vegas for the first time.
Cootey added: “Continuing with Green Valley Ranch’s long-term redevelopment strategy, we are advancing on the next phase of enhancements at this resort. This phase is designed to further strengthen the property’s competitive position as one of the premier resort destinations in Las Vegas and broaden its customer appeal through a fully refreshed casino floor along with upgraded food and beverage and entertainment offerings.”
“These enhancements build on the success we have seen from both the high-limit product at the property and the early performance of the renovated room inventory, and are intended to drive increased visitation and deeper customer engagement across the resort. Work on this phase has already begun and is expected to extend into 2027, with total project cost estimated at approximately $56m.”
The property’s refresh currently underway includes the addition of Stoney’s Country Bar, a new Mexican restaurant, a newly remodeled Gaudi Bar, and a fully renovated casino floor.
The post Red Rock Resorts continues expansion and renovation plan with revenues at record high appeared first on G3 Newswire.
Red Rock secures ninth consecutive record quarter in its Las Vegas markets Another record year and quarter will see Red Rock Resorts continue with its master plan of expansion and renovation in the Las Vegas neighbourhoods in which it operates. Red Rock‘s revenues were $511.8m for the fourth quarter of 2025, an increase of 3.2 per…
The post Red Rock Resorts continues expansion and renovation plan with revenues at record high appeared first on G3 Newswire.