Red Rock Resorts confident in returns from investments in casino properties

Red Rock Resorts reported the highest third-quarter revenue and second-highest profitability in the gaming company’s history on Tuesday during its earnings call. “These results reflect the strength and resilience of our business we have built over the past five decades,” said Stephen Cootey, Red Rock’s executive vice president, CFO, and treasurer. The parent company of Station Casinos’ net revenue was $479.1 million, off 2.3% year over year, with adjusted EBITDA down 2.3% to $204.6 million. On a consolidated basis, net revenue, which includes $6.2 million from North Fork, was $488.7 million, up 2.8% year over year.

Source: CDC Gaming Reports