Question · Q3 2025
Steven Moyer Wieczynski asked about the broader health of the Las Vegas Strip and its potential impact on Red Rock Resorts' business, questioning whether historical correlations remain relevant. He also asked how current projects might influence the magnitude, selection, or ROIC of future development opportunities on other land parcels like Cactus and Inspirata.
Answer
Stephen Cootey (EVP, CFO, and Treasurer, Red Rock Resorts Inc) differentiated Red Rock's gaming-centric locals' market model from the Strip, highlighting its resilience, stability, and loyal customer base, as evidenced by record financial results. Lorenzo Fertitta (Vice Chairman, Red Rock Resorts Inc) and Stephen Cootey confirmed that the company's view on future development remains unchanged, with Durango North being shovel-ready, and master planning for Cactus and Inspirata continuing with a bullish outlook on returns.