Red Rock Resorts Is Quietly Snapping Up Vegas Real Estate—Here’s How It Could Win The Locals Market! 

Red Rock Resorts delivered a strong performance in the fourth quarter and full year of 2024, as indicated by their record-breaking financial results in their Las Vegas operations, despite some operational challenges and market pressures. The company reported the highest net revenue and adjusted EBITDA for its Las Vegas operations in any fourth quarter, alongside maintaining near-record adjusted EBITDA margins. For the full year, Las Vegas operations showed remarkable growth with a 12.6% increase in net revenue and a 7.4% rise in adjusted EBITDA, although margins slightly decreased by 222 basis points from the prior year.