Red Rock Resorts reports Q1 revenue of $507m to Nevada regulators

Red Rock Resorts chief financial officer Stephen Cootey told Nevada regulators that first-quarter revenue was $507 million, up about 2%, while EBITDA was $212.5 million, down about 1%, according to the report. He said construction disruption and higher utility costs affected results, and the company expected to invest $375 million to $425 million in Las Vegas over the next year. Cootey also said the operator planned to open at least three more taverns in the coming months.