Red Rock Resorts has seen its net revenues grow 16.9 per cent or US$70.3m year-on-year to $486.4m for the quarter ending June 30, 2024.
Net income for the quarter was $69.8m, a decrease of 6.8 per cent or $5.1m.
Adjusted EBITDA reached $201.7m, an increase of 15 per cent or $26.4m year-on-year.
For the company’s Las Vegas operations alone, net revenues were $483.2m, up 17.1 per cent or $70.6m. Adjusted EBITDA was $233.1m, up 15.6 per cent or $30.1m.
The company's board of directors has declared a cash dividend of $0.25 per Class A common share for the third quarter of 2024. The dividend will be payable on September 30, 2024 to all stockholders of record as of the close of business on September 16, 2024.
