Red Rock Resorts reports significant revenue growth for Q4 and 2021

Red Rock Resorts has reported its financial results for the fourth quarter and full year ended 31 December 2021

Red John Rock Resorts has reported its financial results for the 4th canton and full yr ended 31 Dec 2021.

In terms of consolidated operations, net revenues were $422.4m for the 4th quarter, showing a 23% step-up year-on-year. Q4 network income was $200.1m, showing a 303% step-up year-on-year. Adjusted Earnings Before Interest Taxes Depreciation and Amortization increased by 26% for the 4th quarter, to $189.7m.

The full yr results for 2021 showed a 37% increment inward nett revenue to $1.6bn. Net income was $354.8m for 2021; showing an increase of $529.4m, from a mesh red of $174.5m for 2020.

Adjusted Earnings Before Interest Taxes Depreciation and Amortization for 2021 was $741m, showing a 101% increase compared to 2020.

Net revenue from Las Vegas operations was $420.5m for Q4, showing an increase of 33% year-on-year. Adjusted EBITDA from Las Vegas operations was $204.8m for Q4 2021, a 49% rise.

Full-year network revenue from Las Vegas operations was $1.6bn for 2021, an increase of 46% compared to 2020. Adjusted Earnings Before Interest Taxes Depreciation and Amortization from Las Vegas operations was $785.9m for 2021.

The company’s hard currency and cash in equivalents at 31 December 2021 were $275.3m and the tally corpus amount of debt salient at the stop of the quaternary canton was $2.89bn.

During Q4 the companion didn’t cease operating its Red River Rock, William Green Valley Ranch, Santa Fe Station, Boulder Station, Palace Station and Sunset Station properties, as easily as its Wildfire Properties, patch TX Station, Fiesta Rancho and Fiesta Henderson were closed.

The manipulator also shut the cut-rate sale of Palms Casino Resorts to San Manuel during the quarter.