The Durango venue, which has no non-restricted gaming competition within a 5-mile radius of the site, is set to feature 2,000 slot machines and 46 table games within a 73,000-square-foot casino. “The project is progressing nicely and is on schedule,” said Stephen Cootey, executive vice president, chief financial officer and treasurer of the company, according to Las Vegas Review-Journal.Ĭompany officials broke ground on the project in March, which is expected to be completed after an 18-to-24-month construction period. Red Rock Resorts has locked in on a guaranteed maximum price for its $750 million casino project in southwest Las Vegas, company officials told investors. This marks the seventh quarter in a row that the company has achieved record same-store adjusted cash flow and adjusted cash flow margin. Adjusted EBITDA was $178.7 million, up 14% from $156.6 million in Q1 2021.
The Station Casinos parent company delivered net revenues of $401.6 million, an increase of 14% from $352.6 million in the same period of 2021, while it advances its Durango Casino & Resort project in the Las Vegas Valley and its cashless strategy.Īdditionally, the business posted net income of $92.2 million, an increase of $198.8 million from a net loss of $106.6 million in the comparable period last year. Las Vegas-based casino and hospitality business Red Rock Resorts has announced financial results for the first quarter of the year.
