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John G. DeCree

Research Analyst at CBRE Securities LLC

John G. DeCree is Managing Director and Head of Institutional Investor Research at CBRE Securities LLC, specializing in equity research across the real estate, gaming, lodging, and leisure sectors. He covers major public companies such as Wynn Resorts, VICI Properties, and The Strat, and is consistently ranked in the top 5% of Wall Street Analysts by TipRanks and recognized as a top stock picker in the casino & hotel sector by Thomson Reuters. DeCree began his career in leveraged finance and research at firms including GMS Group, Telsey Advisory Group, and Union Gaming, before joining CBRE Securities. He holds a B.S. in Finance and Entrepreneurship from Northeastern University and is registered with FINRA, maintaining licenses including Series 7, 63, 86, and 87.

John G. DeCree's questions to Red Rock Resorts (RRR) leadership

Question · Q3 2025

John G. DeCree asked for an operational update on Red Rock Resorts' gaming business, specifically trends across the database (upper vs. lower tiers) and unrated play. He also inquired about any changes in the promotional environment in Las Vegas, noting an uptick regionally outside the city.

Answer

Scott Kreeger (President, Red Rock Resorts Inc) reported meaningful increases in carded and uncarded slot win, consistent performance, and a focus on higher-valued customers. He noted that all customer segments (local, regional, national) are up, particularly VIP, regional, and national, with lower-worth segments remaining stable. He added that the promotional environment in Las Vegas has been business as usual, remaining constant and rational.

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