Red Rock Resorts generated its best-ever quarter in terms of revenue with revenues of $526.3m for the second quarter of 2025, an increase of 8.2 per cent from the same period of 2024.
Stephen Cootey, CFO, called the results ‘exceptional’ and highlighted more tourists visiting their venues off the Strip amid complaints of it being too expensive. Its latest casino, the Durango Casino Resort, has brought in over 108,000 new customers since its opening in December 2023.
Net revenues from Las Vegas operations were $513.3m for the second quarter of 2025, an increase of 6.2 per cent.
Mr Cootey said: “This was easily the best quarter in our company’s history. This strength was evident across all business lines, and we executed our core strategy of reinvesting in properties to enhance amenities. The second quarter was an exceptional one for the company by every measure. Our Las Vegas operations delivered its highest quarterly net revenue and adjusted EBITDA in our 49-year-history, all while sustaining near record adjusted EBITDA margin. In addition to delivering strong financial results, we remain highly encouraged by the continued performance of our Durango Casino Resort and the revenue backfill at our core properties.
“Durango continues to expand the Las Vegas locals market, drive incremental play from our existing customer base and attract new guests to the Station Casinos brand,” he added. “The property once again demonstrated strong momentum within the quarter with increased visitation, higher spend per visit and elevated net theoretical win from our carded customers in the surrounding Durango area. And since opening since December 2023, Durango has added over 108,000 new customers to our database. The resort remains on a solid trajectory and is on pace to become one of our highest margin properties, delivering a return net of cannibalization of over 50 per cent through 2025. Regarding the cannibalization impact, which occurred primarily at our Red Rock property following Durango’s opening, we are encouraged by the pace of the revenue backfill, which suggests that the worst of the impact is behind us.”
“Consistent with our historical experience, we continue to expect full revenue recovery over the next couple of years, supported by strong long demographic growth across the Las Vegas Valley. This is particularly evident in Summerlin, where the combined build out of the Downtown Summerlin and Summerlin West is projected to add approximately 34,000 new households. Across the rest of our portfolio, we demonstrated our ability to successfully manage costs while driving top line growth, resulting in what was easily the best quarter in our company’s history. Strength was evident across all business lines as we executed our core strategy of reinvesting in existing properties to enhance amenities and deliver best-in-class customer service, while also returning capital to our shareholders. Now let’s take a look at our second quarter.”
The company is making significant investments in its Durango Casino Resort, Sunset Station and Green Valley Ranch properties. At Durango, construction continues on the next phase of Red Rock’s Durango master plan. This expansion will add over 25,000 square feet of additional casino space, including a new high-limit slot area and bar and 32 new slot machines with 120 allocated to the high-limit room.
At Green Valley Ranch, it has commenced a comprehensive refresh of its guest rooms, suites and convention space, aligning the hotel experience with a recently renovated and a ‘well-received high-limit table and slot rooms’ at the property. Work on the rooms in the West Tower is currently underway, with the majority of all rooms in both towers expected to return to service by the end of the year.
The post Red Rock secures its best quarter in its 49-year history appeared first on G3 Newswire.
Red Rock Resorts generated its best-ever quarter in terms of revenue with revenues of $526.3m for the second quarter of 2025, an increase of 8.2 per cent from the same period of 2024. Stephen Cootey, CFO, called the results ‘exceptional’ and highlighted more tourists visiting their venues off the Strip amid complaints of it being too…
The post Red Rock secures its best quarter in its 49-year history appeared first on G3 Newswire.