Red Rock Resorts Announces $430 Million Investment in Durango North Project
Red Rock Resorts (RRR) reported record-breaking performance for its Las Vegas operations during the third quarter, achieving its highest third-quarter net revenue and second-highest adjusted EBITDA to date. The company maintained near-record adjusted EBITDA margins despite operational scaling. Looking forward, Red Rock has announced a $430 million investment in the Durango North development, which is projected to open in Q3 2027. Management expects this expansion to target a 20% return on investment (ROI), signaling a significant long-term growth strategy for its regional portfolio.
Tickers: $RRR
Topics: earnings report EBITDA margin Las Vegas operations revenue growth
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Part of the story Red Rock anticipates Durango North opening in Q3 2027 with $430M investment targeting 20% ROI (2 articles)