Higher costs offset revenue growth at Red Rock in Q1
Red Rock Resorts reported an 8.0% increase in revenue for the first quarter of 2023, but a rise in spending led to a short decline in net profit.
Revenue was higher across all operating segments during the three months to 31 March, with total revenue for the period amounting to $433.6m.
Of this total, $430.0m came from Red Rock’s Las Vegas operations in Nevada, while the remaining $3.6m was generated from corporate and other activities.