Published on 28 May 2024 on Zacks via Yahoo Finance
Red Rock Resorts, Inc. RRR is benefiting from strong visitation, solid Las Vegas operations and strong spend per visit. Also, the emphasis on cost-saving initiatives and development projects bodes well.Red Rock Resorts’ shares have gained 11.1% in the past six months against the Zacks Gaming industry’s 0.6% fall. Given the successful openings of high-limit tables and slot rooms, a new casino bar and a restaurant, the company remains optimistic. The company intends to boost investments in this direction to drive growth. However, increases in costs and expenses are a concern.
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