HIGHBuilt-inProduct / Revenue mix
80%
slot play
“10-K Item 1: 'Approximately 80% of our casino revenue is generated from slot play'”
RRR · Concentration risk · 10-K extracted
Red Rock Resorts (RRR) concentration risks
Updated
The most significant concentration Red Rock Resorts discloses is slot play at 80%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Red Rock Resorts’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
Las Vegas regional market
“10-K Item 1A: 'All of our casino properties are dependent upon attracting Las Vegas residents ... our concentration in the Las Vegas regional market'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two mutually reinforcing high-share structural exposures: reliance on slot play as the primary revenue driver, and exclusive dependence on the Las Vegas regional market as the operating geography. On the product side, approximately 80% of casino revenue is generated from slot play — a high share by disclosed size and structural in character, reflecting the deliberate design of the casino properties toward this gaming format rather than a dependency on any individual patron or table game. This means the revenue base is largely tied to the breadth and behavior of the regional slot-playing customer base, and it moves with factors such as gasoline prices, consumer discretionary spending, and competitive dynamics in the local gaming market. The geographic exposure is equally concentrated: all casino properties are dependent on attracting Las Vegas residents, and the filing specifically identifies the company's concentration in the Las Vegas regional market as a risk. This is a high-share, structural exposure because the company's operating model is built around serving a local rather than tourist customer base. There is no disclosed diversification into other regional markets that could buffer a downturn specific to Las Vegas economic conditions. The two exposures are closely linked — a Las Vegas regional concentration in properties that derive a large share of revenue from slot play means that local consumer confidence, competitive entry from new Las Vegas properties, and discretionary spending trends in the greater Las Vegas area are the primary variables that drive results.
For the engine’s reasoning on RRR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Resorts & Casinos
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RRR● | Red Rock Resorts, Inc. | 2 | 0 | 0 | 2 |
| BYD | Boyd Gaming Corporation | 1 | 1 | 0 | 2 |
| HGV | Hilton Grand Vacations Inc. | 1 | 1 | 0 | 2 |
| MCRI | Monarch Casino & Resort, Inc. | 1 | 1 | 0 | 2 |
| CZR | Caesars Entertainment, Inc. | 1 | 0 | 0 | 1 |
| LVS | Las Vegas Sands Corp. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.