Red Rock hails long-term strategy as revenue rises in 2023
Red Rock Resorts has praised the impact of its long-term growth strategy after reporting a 3.6% increase in revenue to $1.72bn in 2023.
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Red Rock Resorts has praised the impact of its long-term growth strategy after reporting a 3.6% increase in revenue to $1.72bn in 2023.
Operator: Good afternoon. And welcome to Red Rock Resorts Fourth Quarter and Full Year 2023 Conference Call. All participants will be in a listen-only mode.
With the initial phase of a $600 million remodel of the Las Vegas Convention Center complete, LVCVA CEO Steve Hill said the facility can add to its roster of large-scale trade shows and conferences.
Stephen Cootey, executive vice president and CFO of parent company Red Rock Resorts, said the delay was necessary "to ensure a first-class opening."
Executives said some areas of the property weren’t ready in time to properly train staff members to provide the level of service it wanted to for guests.