Investor Presentaiton
| HIGH BARRIERS TO ENTRY AND STABLE REGULATORY ENVIRONMENT
CHARACTERIZE LAS VEGAS LOCAL MARKET
red rock resorts
ā
High Barriers
to Entry
Las Vegas Regional Market
Other Regional Markets
Nevada law (SB 208) significantly
limits the development of casinos
outside of the Strip
Red Rock controls most major gaming
development sites in Las Vegas Valley
Issuance of additional licenses within
existing markets
Competition from adjacent states with
existing or future gaming
Competition from state lotteries, VLT
parlors, mini-casinos and other forms
of gaming
Regulatory
Stability
Stable regulatory environment and
experienced regulators
Have overseen gaming for over
80 years
Newer markets remain subject to
ongoing regulatory changes
(e.g., gaming expansion, aggressive
interpretation of existing gaming laws,
smoking bans, etc.)
INVESTOR PRESENTATION November 2021
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