Latest news with #RedRockResorts
Yahoo
12-08-2025
- Business
- Yahoo
Red Rock Resorts (RRR) Demonstrated Its Resilient Business Model in Q2
Diamond Hill Capital, an investment management company, released its 'Small-Mid Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q2, the market surged uniformly for the rest of the quarter following a sharp decline in April due to President Trump's 'Liberation Day' tariffs announcement. The portfolio returned 5.60% (gross) and 5.37% (net) compared to an 8.59% return for the Russell 2500 Index. For more information on the fund's top picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, Diamond Hill Small-Mid Cap Fund highlighted stocks such as Red Rock Resorts, Inc. (NASDAQ:RRR). Headquartered in Las Vegas, Nevada, Red Rock Resorts, Inc. (NASDAQ:RRR) develops and operates casino and entertainment properties. One-month return of Red Rock Resorts, Inc. (NASDAQ:RRR) was 4.01%, and its shares gained 5.97% of their value over the last 52 weeks. On August 11, 2025, Red Rock Resorts, Inc. (NASDAQ:RRR) stock closed at $57.13 per share, with a market capitalization of $5.853 billion. Diamond Hill Small-Mid Cap Fund stated the following regarding Red Rock Resorts, Inc. (NASDAQ:RRR) in its second quarter 2025 investor letter: "On an individual holdings' basis, top contributors to return in Q2 included Red Rock Resorts and WESCO. Red Rock Resorts, Inc. (NASDAQ:RRR), a casino operator controlling over half the Las Vegas locals market, has demonstrated the resilience of its business model via a strong start to the year. Coming into Q2, the valuation was attractive — and investors responded accordingly, giving a boost to shares." A picturesque sunset view of the Graton Resort & Casino, with patrons gambling in the background. Red Rock Resorts, Inc. (NASDAQ:RRR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held Red Rock Resorts, Inc. (NASDAQ:RRR) at the end of the first quarter, which was 25 in the previous quarter. While we acknowledge the potential of Red Rock Resorts, Inc. (NASDAQ:RRR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
Wynn Resorts (WYNN) To Report Earnings Tomorrow: Here Is What To Expect
Luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) will be reporting results this Thursday after market close. Here's what investors should know. Wynn Resorts missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $1.7 billion, down 8.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates and a miss of analysts' EBITDA estimates. Is Wynn Resorts a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Wynn Resorts's revenue to be flat year on year at $1.75 billion, slowing from the 8.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts). Wynn Resorts has missed Wall Street's revenue estimates three times over the last two years. Looking at Wynn Resorts's peers in the casino operator segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Red Rock Resorts delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 8.4%, and Monarch reported revenues up 6.8%, topping estimates by 5.4%. Red Rock Resorts traded up 9.2% following the results while Monarch was also up 20.4%. Read our full analysis of Red Rock Resorts's results here and Monarch's results here. Investors in the casino operator segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Wynn Resorts is down 1.1% during the same time and is heading into earnings with an average analyst price target of $119.24 (compared to the current share price of $107.51). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
04-08-2025
- Business
- Yahoo
1 Russell 2000 Stock for Long-Term Investors and 2 We Question
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential. However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial. Picking the right small caps isn't easy, and that's exactly why StockStory exists - to help you focus on the best opportunities. Keeping that in mind, here is one Russell 2000 stock that could be the next big thing and two that may face some trouble. Two Stocks to Sell: Red Rock Resorts (RRR) Market Cap: $3.59 billion Founded in 1976, Red Rock Resorts (NASDAQ:RRR) operates a range of casino resorts and entertainment properties, primarily in the Las Vegas metropolitan area. Why Are We Wary of RRR? 7.1% annual revenue growth over the last five years was slower than its consumer discretionary peers Estimated sales growth of 1.9% for the next 12 months implies demand will slow from its two-year trend Eroding returns on capital suggest its historical profit centers are aging At $60.25 per share, Red Rock Resorts trades at 36.2x forward P/E. Dive into our free research report to see why there are better opportunities than RRR. Artivion (AORT) Market Cap: $1.45 billion Formerly known as CryoLife until its 2022 rebranding, Artivion (NYSE:AORT) develops and manufactures medical devices and preserves human tissues used in cardiac and vascular surgical procedures for patients with aortic disease. Why Do We Avoid AORT? Sales trends were unexciting over the last five years as its 7.2% annual growth was below the typical healthcare company Modest revenue base of $390.1 million gives it less fixed cost leverage and fewer distribution channels than larger companies Low returns on capital reflect management's struggle to allocate funds effectively Artivion is trading at $30.92 per share, or 46x forward P/E. To fully understand why you should be careful with AORT, check out our full research report (it's free). One Stock to Buy: Construction Partners (ROAD) Market Cap: $5.32 billion Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects. Why Is ROAD a Good Business? Demand for the next 12 months is expected to accelerate above its two-year trend as Wall Street forecasts robust revenue growth of 39.6% Earnings growth has trumped its peers over the last two years as its EPS has compounded at 91% annually Rising returns on capital show the company is starting to reap the benefits of its past investments Construction Partners's stock price of $90.50 implies a valuation ratio of 40.4x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Stocks We Like Even More When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Las Vegas strip falters but 'local' casinos post up record earnings. Here's what that means for tourists like you
While foot traffic slows and room rates tumble on the Las Vegas Strip, a surprising group of casinos is cashing in — and it's not who you might expect. Suburban and 'locals' casinos across the Las Vegas Valley are having a banner year, even as the Strip itself faces slumping tourism, fewer conventions and mounting pressure from political and economic headwinds. So what's behind the boom outside the neon core? And how can savvy travelers take advantage? Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it A tale of two Las Vegases Red Rock Resorts — which owns Station Casinos and operates seven off-Strip properties like Red Rock, Green Valley Ranch, and the new Durango Casino Resort — just posted its highest quarterly net revenue in its 49-year history: $526.3 million in Q2, an 8.2% year-over-year jump. 'Durango continues to expand the Las Vegas locals' market, drive incremental play from our existing customer base and attract new guests,' said Stephen Cootey, Red Rock Resorts' CFO and EVP, in a recent earnings call. The casino added more than 108,000 new customers since opening in December 2023, he said. Boyd Gaming, which owns properties like Sam's Town and Suncoast, also reported year-over-year growth for the first time in two years for its Las Vegas locals segment — outpacing previous quarters. 'We're just not seeing the same level of demand from destination business, but that's been more than made up by retail and drive-in traffic,' said CFO Josh Hirsberg. Meanwhile, the Strip is cooling Compare that to the Strip, where major casino operators are tightening their belts. Caesars Entertainment reported a 3.7% decline in Las Vegas revenue and an $82 million net loss in Q2. Hotel rates at properties like The Flamingo have dipped as low as $18 per night for late August midweek stays. MGM Resorts also reported a 4% decline in Strip revenue, which CEO Bill Hornbuckle attributed to ongoing room remodels and fewer big-ticket events like Adele or Garth Brooks residencies. 'You say Las Vegas is not a value, and that's just not a complete reality,' Hornbuckle told investors. 'Some of the rates out there this next midweek are comparable to things I saw 20 years ago.' According to the Las Vegas Convention and Visitors Authority's June 2025 Executive Summary: Visitor volume was down 11.3% year-over-year Convention attendance fell 10.7% Hotel occupancy dropped to 78.7%, down 6.5 percentage points RevPAR (Revenue per available room) fell 13.8%, to $128.78 Meanwhile, statewide gaming revenue rose 3.53%, led by gains in locals markets: Boulder Strip: +19.3% Downtown Las Vegas: +10.5% Red Rock/Durango suburbs: substantial growth cited by casino execs Several new federal policies appear to be hitting Las Vegas Strip tourism hard, like the 'Visa Integrity Fee' which adds a $250 refundable charge to many international travelers — discouraging some from flying into the U.S. altogether. Trump's 'Big Beautiful Bill' also changed tax law for gamblers, capping loss deductions at 90% instead of 100%. Casino owners say some high-volume players are already taking their business offshore. In response, Caesars and MGM say they're leaning more heavily on databases, loyalty programs and regional marketing to lure U.S. tourists back to Vegas. Read more: Nervous about the stock market in 2025? Find out how you can Why locals casinos are thriving Unlike Strip hotels, suburban casinos serve working Nevadans — and that customer base just got a financial boost. According to Red Rock Resorts, several new federal changes are helping customers spend more. The No Tax on Tips bill is estimated to free up $5 million per year in discretionary income across Clark County. Also, expanded overtime pay and senior tax credits are expected to benefit hundreds of thousands of Las Vegas residents. That means more frequent visits to local casinos, more spending on slots, food and drinks — and stronger loyalty overall. What tourists should know If you're planning a Las Vegas vacation this year, don't be surprised if the best bang for your buck isn't on the Strip. Deep discounts are now common on Strip hotels midweek — some rates as low as $20/night. Off-Strip casinos like Red Rock, Green Valley Ranch, and Durango offer free parking, lower table minimums, crowd-free gaming floors — along with a heavy focus on food, value and local customer service. Vegas isn't going anywhere, but where the action is has shifted. While the Strip deals with tourist slowdown, suburban casinos are booming on the backs of loyal locals and tax policy. And for budget-conscious travelers? That means this might be the perfect year to visit Las Vegas — just skip the Strip. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Las Vegas strip falters but 'local' casinos post up record earnings. Here's what that means for tourists like you
While foot traffic slows and room rates tumble on the Las Vegas Strip, a surprising group of casinos is cashing in — and it's not who you might expect. Suburban and 'locals' casinos across the Las Vegas Valley are having a banner year, even as the Strip itself faces slumping tourism, fewer conventions and mounting pressure from political and economic headwinds. So what's behind the boom outside the neon core? And how can savvy travelers take advantage? Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it A tale of two Las Vegases Red Rock Resorts — which owns Station Casinos and operates seven off-Strip properties like Red Rock, Green Valley Ranch, and the new Durango Casino Resort — just posted its highest quarterly net revenue in its 49-year history: $526.3 million in Q2, an 8.2% year-over-year jump. 'Durango continues to expand the Las Vegas locals' market, drive incremental play from our existing customer base and attract new guests,' said Stephen Cootey, Red Rock Resorts' CFO and EVP, in a recent earnings call. The casino added more than 108,000 new customers since opening in December 2023, he said. Boyd Gaming, which owns properties like Sam's Town and Suncoast, also reported year-over-year growth for the first time in two years for its Las Vegas locals segment — outpacing previous quarters. 'We're just not seeing the same level of demand from destination business, but that's been more than made up by retail and drive-in traffic,' said CFO Josh Hirsberg. Meanwhile, the Strip is cooling Compare that to the Strip, where major casino operators are tightening their belts. Caesars Entertainment reported a 3.7% decline in Las Vegas revenue and an $82 million net loss in Q2. Hotel rates at properties like The Flamingo have dipped as low as $18 per night for late August midweek stays. MGM Resorts also reported a 4% decline in Strip revenue, which CEO Bill Hornbuckle attributed to ongoing room remodels and fewer big-ticket events like Adele or Garth Brooks residencies. 'You say Las Vegas is not a value, and that's just not a complete reality,' Hornbuckle told investors. 'Some of the rates out there this next midweek are comparable to things I saw 20 years ago.' According to the Las Vegas Convention and Visitors Authority's June 2025 Executive Summary: Visitor volume was down 11.3% year-over-year Convention attendance fell 10.7% Hotel occupancy dropped to 78.7%, down 6.5 percentage points RevPAR (Revenue per available room) fell 13.8%, to $128.78 Meanwhile, statewide gaming revenue rose 3.53%, led by gains in locals markets: Boulder Strip: +19.3% Downtown Las Vegas: +10.5% Red Rock/Durango suburbs: substantial growth cited by casino execs Several new federal policies appear to be hitting Las Vegas Strip tourism hard, like the 'Visa Integrity Fee' which adds a $250 refundable charge to many international travelers — discouraging some from flying into the U.S. altogether. Trump's 'Big Beautiful Bill' also changed tax law for gamblers, capping loss deductions at 90% instead of 100%. Casino owners say some high-volume players are already taking their business offshore. In response, Caesars and MGM say they're leaning more heavily on databases, loyalty programs and regional marketing to lure U.S. tourists back to Vegas. Read more: Nervous about the stock market in 2025? Find out how you can Why locals casinos are thriving Unlike Strip hotels, suburban casinos serve working Nevadans — and that customer base just got a financial boost. According to Red Rock Resorts, several new federal changes are helping customers spend more. The No Tax on Tips bill is estimated to free up $5 million per year in discretionary income across Clark County. Also, expanded overtime pay and senior tax credits are expected to benefit hundreds of thousands of Las Vegas residents. That means more frequent visits to local casinos, more spending on slots, food and drinks — and stronger loyalty overall. What tourists should know If you're planning a Las Vegas vacation this year, don't be surprised if the best bang for your buck isn't on the Strip. Deep discounts are now common on Strip hotels midweek — some rates as low as $20/night. Off-Strip casinos like Red Rock, Green Valley Ranch, and Durango offer free parking, lower table minimums, crowd-free gaming floors — along with a heavy focus on food, value and local customer service. Vegas isn't going anywhere, but where the action is has shifted. While the Strip deals with tourist slowdown, suburban casinos are booming on the backs of loyal locals and tax policy. And for budget-conscious travelers? That means this might be the perfect year to visit Las Vegas — just skip the Strip. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
