Red Rock Q1 net income falls 3.8% to $82.72 million; revenue rises 1.9% to $507.32 million

Red Rock Resorts, Inc. Class A

Red Rock Resorts, Inc. Class A

RRR

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  • Red Rock Resorts posted net income of USD 82.72 million, down from USD 85.95 million.
  • Net revenues rose 1.9% to USD 507.32 million, while operating income fell 6.9% to USD 143.68 million.
  • Casino revenue increased 2.2% to USD 340.52 million, but room revenue dropped 9.3% to USD 45.51 million.
  • Selling, general and administrative expense climbed 9.2% to USD 114.36 million, while depreciation and amortization rose 15.6% to USD 55.86 million.
  • Company recorded USD 4.74 million of Native American management and development fees tied to North Fork Project, including USD 2.9 million of development fee revenue and USD 1.8 million of management fee revenue.


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