Description
Red Rock Resorts: Powering Ahead With a Feature-Rich $750 Million North Fork Project!
Red Rock Resorts reported strong third quarter 2025 results, supported by robust performance from its Las Vegas operations, including the Durango Casino Resort. This marked the ninth consecutive quarter of record net revenue and the fifth of record adjusted EBITDA, exemplifying the resilience and growth potential of its operating model. The company achieved its highest third quarter net revenue and adjusted EBITDA in history, with a near-record adjusted EBITDA margin, indicating efficient operational management. The company continues to see strong momentum and visitation levels, particularly at Durango, which is part of an expansive master plan involving additional casino space and various non-gaming amenities like a bowling facility and luxury movie theaters. These expansions are designed to capture growing demand within the Las Vegas locals market, driven by rapid suburban development.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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