play_arrow
Super Bowl Picks – Kansas City Chiefs Vs Philadelphia Eagles admin
play_arrow
NFL Conference Championship Picks – San Francisco at Philadelphia, Cincinnati at Kansas City admin
play_arrow
NFL Divisional Matchups – JAC@KC, NYG@PHI, CIN@BUF, DAL@SF admin
play_arrow
NFL Wildcard Weekend – Sea at SF, LAC at Jac, Mia at Buf, NYG at Min, Bal at Cin, Dal at TB admin
Red Rock Resorts is benefiting from the recent migration of people from California to the Las Vegas Valley, which is transforming the region’s demographic mix. The influx includes business owners and retirees who bring their wealth with them, creating a new dynamic in the area. Red Rock’s target is to tap into high-growth areas in and around the Las Vegas Valley, including the Durango project, which is set to open in Q4 2023.
Since reopening post-pandemic, Red Rock has experienced 11 consecutive quarters of margins above 45%. In the most recent quarter, net revenues rose 8% to $434 million, and adjusted EBITDA increased 9% to $194 million. Red Rock Resorts’ vice-chair, Lorenzo Fertitta, also highlighted Las Vegas’ potential resilience to any recessionary downturn, noting that the city has various factors that can buffer it from macroeconomic challenges.
Management confirmed that under the current plans for the Oakland A’s move to Las Vegas, Red Rock would retain a parcel of land set aside for the stadium.
DraftKings reported Q1 revenues up 84%DraftKings, an online sports betting and iCasino operator, reported Q1 revenues up 84% to $770 million and adjusted EBITDA losses reduced to $221 million, beating […]
