CEOInterviews.AI
Start App
Try: AI strategy tariffs earnings guidance layoffs interest rates growth

Frank Fertitta

Chairman of the Board and Chief Executive Officer, Red Rock Resorts, Inc.

Search every verified Frank Fertitta interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Frank Fertitta III, Chairman and CEO of Red Rock Resorts, discussed the company's position in the Las Vegas locals gaming market at the 31st Annual Baron Investment Conference in November 2024. He described the company's expansion from a single off-strip casino to 18 properties, including seven luxury resorts and 11 local casinos, and characterized the Las Vegas locals market as the second largest gaming market in the U.S. Fertitta noted that 75% of customers visit company properties at least four times per month, contrasting this with the Las Vegas Strip's customer base, and stated that 67% of total revenues come from gaming, which he described as a high-margin business with operating leverage of 75-80% on incremental slot revenue. He also said the company's properties are "irreplaceable assets" due to limited opportunities for new competition in the Las Vegas Valley. During earnings calls in 2020, Fertitta addressed the impact of the COVID-19 pandemic on the company's operations. He reported that the company kept four properties closed during the third quarter of 2020 and observed that the locals market had shrunk, while noting strong housing demand and population growth in Las Vegas. Fertitta said the company saw a significant increase in younger, uncarded demographic play during the pandemic, while older retirees largely stayed home, and that visitation from carded customers was down but spend per visit was offsetting that decline. He also discussed the company's receipt of approximately $20 million from the CARES Act, with expectations of an additional $15 million through payroll retention and other benefits, and stated that decisions about reopening closed properties, including the Palms, would be made in the best interest of shareholder value.

Recent appearances

The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →