![]() ![]() "While the quarter presented a return to normal seasonality, significant economic uncertainty, and record inflation, our disciplined approach to running our business coupled with our unparalleled distribution scale resulted in near record high (cash flow and cash flow margin), even as we continue to execute on a long term growth strategy and continue to return capital to our shareholders," Chief Financial Officer Stephen Cootey told investors, as reported by the Las Vegas Review-Journal. ![]() Red Rock Resorts, which operates Green Valley Ranch Resort, Palace Station, Red Rock Resort, and other locals-focused properties, said that its flat year-over-year growth in net revenue and cash flow for the quarter ending September 30 indicates seasonality is normalizing following the effects of the pandemic. Officials said they haven't seen inflation or other macroeconomic pressures affecting demand at its resort casinos. Meanwhile, net income was down by $22.5 million to $95.5 million. ![]() The Nevada-based firm posted $414.4 million in revenue, flat from $414.8 million in the same period last year. Casino developer and operator Red Rock Resortshas reported its financial results for the third quarter of the year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |