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Red Rock Q2 revenue nearly quadruples as pandemic restrictions ease


Red Rock Resorts announced revenue figures of $428.2m (£306.7m/€360.5m) for the second quarter of 2021, representing a 294.7% increase on the same period last year.

Of this total, casino gaming generated $304.2m, which made up 71.1% of the total net revenue. This was up 302.4% from last year, in line with venues re-opening after a pandemic-enforced closure in 2020.

Food and drinks contributed $64.9m, room revenues amounted to $39.2m, whilst other revenues and management fees totaled $19.9m.

Operating expenses for Red Rock increased slightly, up 28.5% to $259.6m. Casino costs were $70.4m, food and drink came to $48.9m, whilst room and other expenses were $20.6m.

General and administrative costs were the biggest expense for Red Rock amounting to $84.1m – up 28.9% from last year. Depreciation and amortization decreased 37.6% to $36.2m.

Read the full story on ICE 365.