Red Rock Resorts enjoys 24.8% gaming revenue growth but posts $71m loss

| By Marese O'Hagan
Red Rock Resorts saw a 24.8% rise in gaming revenue year-on-year in the first quarter of 2021, but impairment costs and difficulties elsewhere due to the novel coronavirus (Covid-19) pandemic led to an overall revenue decline and a loss for the quarter.
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Gaming operations brought in the highest revenue overall at $259.9m, an increase from $208.2m compared to Q1 in 2020.

Food and beverage revenue came in second with $46.8m, a decrease of 46.9% compared to the first quarter of 2020. This was likely due to the impact of the Covid-19 pandemic and subsequent restrictions. The decrease in room revenue from $40.0m to $21.9m, a decline of 45.2%, would also be explained by the restrictions.

Read the full story on iGB North America.

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