The stock peaked in 2018- Lower highs and lower lows leading to the March bottom The growing community of customers for locals casinos makes RRR shares more attractive than those of the leading strip casinos in the current environment. The prospects for the earnings of the company and the share price are bullish. I live within a five-minute drive from Red Rock Resort and Casino, the namesake property of Red Rock Resorts, Inc. The addressable market for local casinos and resorts has grown dramatically over the past years alongside the population. New York City and Las Vegas are the two cities that never sleep. I moved here from New York City as no other city in the US offers the same level of entertainment and restaurants. A favorable tax environment and growing metropolis have caused many people to move to Las Vegas from neighboring California and other states across the United States. Today, the population of Clark County, Nevada, is over 2.3 million.
The first time I traveled to Las Vegas, it was a far smaller city with a population of under one million full-time inhabitants.
However, after becoming a “ local” in Las Vegas nine years ago, I have a unique perspective on the business climate in sin city. I typically write about commodities and raw material companies.
