Red Rock had a decline in revenue growth in Q1 due to higher costs.

With a total of $433.6m in sales for the three months ending March 31, revenue was up across the board.

The majority ($430,000,000,000) came from Red Rock's Nevada operations in Las Vegas, while the balance $3.6,000,000 came from other sources.

income from the casino was $288.2 million, up 3.0% from the previous year. Revenue from food and beverage was $78.1 million, up 19.3% from the previous year. Revenue from rooms was $43.9 million, up 19.3%, while income from other sources was up 20.3%. Management fees were $237,000, up 11.3%.

Operating expenses, however, increased alongside sales, going up 9.8 percent to $296.4 million. Apart from depreciation and amortisation, spending went up across the board.

With interest expense of $42.5m and earnings from joint ventures of $899,000, Red Rock's pre-tax profit for the first quarter came to $95.7m, an 8.9% decrease year-over-year.

The operator's net profit was $85.5 million, down 7.3% from Q1 of 2022, after paying $10.2 million in taxes. Red Rock's net profit was $44.7m, a decrease of 7.5% year-on-year, after deducting $40.9m in net profit from non-controlling interests.

Despite this, Red Rock's adjusted EBITDA increased 8.6 percent to $194.2 million in the quarter.