Red Rock Resorts Q1 2026 Earnings: Focus On The Long Term

Red Rock Resorts dominates the Las Vegas locals' gaming market with eighteen outlets and seven major resorts. RRR reported Q1 2026 revenue of $507M (+2% yoy) and adjusted EBITDA of $213M (-1% yoy), with margins pressured by property renovations. Renovations at Durango and Green Valley Ranch are causing short-term EBITDA and margin declines but are expected to drive future growth.