#RRR

Seeking Alpha

Las Vegas casinos look to ride hot streak into 2024

Las Vegas Strip casinos begin the new year on a hot streak after the F1 Formula race on the Las Vegas Strip in November provided a significant boost to the region and new openings in December created strong buzz. Las Vegas Strip gross gaming revenue jumped 22.6% year-over-year to $821M, which was the highest ever for the typically slow month and…

Land-based ・ 05 January 2024

Seeking Alpha

Las Vegas has a brand-new casino in the valley (NASDAQ:RRR)

Red Rock Resorts (NASDAQ: RRR) opened its first casino in 15 years on Tuesday with the Durango Casino and Resort aimed squarely at the Las Vegas locals market. Notably, the Durango is the only casino in a five-mile radius of the southwest part of the Las Vegas valley. The $780M Durango is Red Rock's (RRR) first new locals casino since 2008, when…

Industry ・ 07 December 2023

Seeking Alpha

Nevada casinos record best October ever ahead of Fountainebleau, Durango debuts (NYSE:MGM)

Casinos in Nevada saw a 2.7% year-over-year increase in gaming win during October to $1.32B, according to data compiled by the Nevada Gaming Control Board. The gaming win tally was slightly higher than the $1.27B gaming win total for September and was the best ever for the month of October. Slot machine gaming win was up 2.0% to $894M, while table…

Land-based ・ 01 December 2023

Seeking Alpha

Las Vegas casinos post big numbers in July as conventions, leisure travel play in

Nevada gaming win for July rose 6.7% from a year ago to $1.40B. The tally makes it the 29th month in a row that gaming win in the state has been over $1B. The solid demand in the Las Vegas region this year has taken some of the sting out of the argument that legalized online sports betting and brick-and-mortar gambling in new states would cut…

Land-based ・ 31 August 2023

Wild Casino

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Review Journal

Durango Casino and Resort to open in November

Durango Casino & Resort, Station Casinos' latest hotel-casino under development in the southwest valley, is expected to open Monday, Nov. 20, executives announced during an earnings call for parent company Red Rock Resorts on Thursday. Located on South Durango Drive near the Clark County 215 beltway, the resort will feature 200 hotel rooms,…

Travel ・ 04 August 2023

wenatcheeworld.com

Two Key Las Vegas Strip Resorts Casinos Could Be Sold

Major deals appear to be coming on the Las Vegas Strip where a casino sale doesn't always mean a change in operators. In the past 12 months, the Las Vegas Strip has seen some massive deals, as MGM Resorts International (MGM) - Get Free Report bought the operating rights to the Cosmopolitan while it sold operating rights to Mirage to Hard Rock…

Land-based ・ 25 April 2023

Review Journal

Red Rock Resorts says casino revenue ‘stable and healthy’

Red Rock Resorts on Tuesday reported a steady locals casino environment, as it moves forward with developing its long-term growth strategy in the Las Vegas Valley. The parent company of Station Casinos reported its best fourth quarter in history for same-store net revenue and second-best fourth quarter in adjusted cash flow and adjusted cash flow…

Finance ・ 09 February 2023

Seeking Alpha

Las Vegas casinos shine in December led by baccarat, sports books

Casinos in Nevada saw gaming win increase 14% in December to more than $1.31B, according to an update from the Nevada Gaming Control Board. Las Vegas Strip casinos accounted for $814M of the monthly tally, which was up 25% from the level a year ago. An increase in group and convention business during the month and events like Raiders home football…

Land-based ・ 01 February 2023

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The Street

Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

In Las Vegas, it often seems like bigger is better. Caesars Entertainment (CZR) - Get Free Report, MGM Resorts International (MGM) - Get Free Report, and Wynn Resorts (WYNN) - Get Free Report certainly seem to subscribe to that logic. The three biggest players on the Las Vegas strip seem to go for spectacle and grandeur in building properties that…

Land-based ・ 12 December 2022

The Street

Casino Giant Has Huge Off-the-Las-Vegas-Strip Plans

Sports fans understand that smaller market teams with fewer resources must take a different approach than their well-heeled rivals. The New York Yankees don't have to carefully develop young prospects through their farm system. They can simply let other teams do that and buy those players when they become free agents. Small market teams like…

Land-based ・ 06 December 2022

The Street

Another New Casino Coming to Las Vegas (It's 20 Years in the Making)

After the worst or at least one of the worst periods in Las Vegas history, Sin City has begun a spectacular comeback. Not only have visitors begun to flock back as the pandemic eases, but construction on a number of massive projects has begun. The city, which saw its operations grind to a halt when Covid hit, now has $4.5 billion in new…

Land-based ・ 30 November 2022

The Street

Move Over Las Vegas Strip, Fremont St. Adding a Bold New Casino

While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN), Caesars Entertainment (CZR) and MGM Resorts International (MGM), downtown Vegas has a grittier reputation. Even after the 1995 launch of the Fremont Street Experience -- a massive light and sound show that takes over the whole…

Land-based ・ 22 October 2022

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The Street

Las Vegas Getting a First-of-its-Kind Casino Hotel

Las Vegas caters to pretty much everyone. If you want to gamble in a giant pyramid or swim under a replica of the Eiffel Tower, well MGM Resorts International's (MGM) Luxor offers one and Caesars Entertainment's (CZR) Paris Las Vegas has the other. Those are just two random examples from a city where you can experience world-class luxury and every…

Travel ・ 21 October 2022

Jackson Progress Argus

Las Vegas Casino Closing, Another Will Take Its Place

Nothing is permanent in Las Vegas and now a huge Las Vegas Strip-adjacent property will be home to a potentially massive new development. Land has become unbelievably precious in Las Vegas and not just on the Las Vegas Strip. Yes, any buildable property on the Strip itself has been selling for exorbitant prices, but anything that's downtown or…

Land-based ・ 03 October 2022

Seeking Alpha

Las Vegas casino stocks are seen as good bets to ride out economic downturn

Macquarie Research thinks casinos in Las Vegas are in better shape to handle an economic downturn than they have been in the past due to leaner cost structures and tight supply in the market. Analyst Chad Beynon and team also pointed to strong pent-up demand for work travel and conferences, which are expected to help counterbalance a softer leisure…

Land-based ・ 20 August 2022

The Street

Red Rock Casino Brings Las Vegas Strip-Like Luxury Off the Strip

Red Rock Resorts (RRR) - Get Red Rock Resorts Inc. Report operates a unique business model where it caters to locals while also being tourist-friendly. The brand lacks the scale of the biggest Las Vegas Strip players including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts…

Land-based ・ 25 July 2022

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The Street

Which Casino Stocks Are Your Best Bets?

As investors await second-quarter earnings reports for major gaming/casino companies, Wells Fargo analysts warn of a slowdown in the industry. They see "signs that U.S. gaming spending has begun to soften, as consumers grapple with rising inflation, higher interest rates, and increasing economic uncertainty," they wrote in a commentary. "We do not…

Finance ・ 18 July 2022

Street Insider

Red Rock Resorts Announces Second Quarter 2022 Conference Call and Earnings Release Date

LAS VEGAS, July 11, 2022 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2022 on Tuesday, August 9, 2022 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will…

Travel ・ 12 July 2022

The Street

Downtown Las Vegas and Fremont Street Getting Surprise New Casino

While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report, downtown Vegas has a grittier reputation. Even after…

Land-based ・ 06 July 2022

The Street

Wynn Has Wealthiest Casino Customers, Wells Fargo Says

We all know that the less money you have, the more inflation hurts. And the 8.3% surge in consumer prices in the 12 months through April has left a lot of people hurting. Wells Fargo analysts have looked at what this means for casino companies. "We analyzed average household income (HHI) data for visitors to … U.S. casinos to gauge which operators…

Travel ・ 07 June 2022

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Stock News

BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

WFMZ News

Red Rock Resorts, Inc. appoints Scott Kreeger to position of President

LAS VEGAS, Feb. 28, 2022 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) announced the appointment of Scott Kreeger to the position of President on February 28, 2022. Prior to this appointment, Mr. Kreeger had been serving the Company in the role of Senior Vice President of Development since…

Travel ・ 01 March 2022

Review Journal

Station Casinos’ planned Durango property has price tag: $750M

Executives of Station Casinos have no plans to sell the three casinos they own that remain closed, and they now have a price tag for their planned resort at Durango Drive - $750 million. Station's parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. Chairman and CEO Frank Fertitta III said the company…

Travel ・ 03 November 2021

WTOP

7 Best Casino Stocks to Buy on the Dip

Wells Fargo is selectively bullish on gaming and casino stocks. Casino stocks have taken a hit recently, and the Dow Jones U.S. Gambling Total Stock Market Indexis down 6.6% since Sept. 7. General concerns about the Chinese economy coupled with fears over regulatory crackdowns and uncertainties surrounding a gaming law review in Macao have been…

Top and Best ・ 04 October 2021

Entrepreneur

4 Solid Casino Stocks to Buy on a Thriving Gambling Industry

Experts feel that the casino industry is recovering at a faster rate than expected and is on track to surpass $44 billion in revenues this year. This... Stay informed and join our daily newsletter now! 5 min read The gambling industry was badly hit last year as the pandemic prevented people from visiting casinos. However, things started changing as…

Finance ・ 07 September 2021

Culinary Union Local

STATEMENT by Geoconda Argüello-Kline regarding Station Casinos’ publicity stunt

Bethany Khan: bkhan@culinaryunion226.org ▪ (702) 387-7088 STATEMENT by Geoconda Argüello-Kline regarding Station Casinos' publicity stunt: Station Casinos says it is organizing a manager and supervisor "protest" outside the Culinary Union this afternoon (on a Sunday at 4pm when the union is closed and no one is there) because the Culinary Union…

Covid ・ 25 August 2021

Barron's

Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…

Strategy Guide ・ 04 June 2021