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Investor Presentaiton

| WE ARE SUCCESSFUL GREENFIELD DEVELOPERS We Own Future Development Sites Near Fastest Growing Populations (1) 95 FIESTA 15 95 red rock PALACE STATION 215, 515 215 SUNSET STATION N red rock resorts 30%+ projected population growth 20-29% projected population growth 10-19% projected population growth Development Site Red Rock Resorts has generated an IRR(2) of 20.0% on its Greenfield developed properties since 1993 GVR GREEN VALLEY RANCH 95 15 Our designed and built resorts generated outsized returns for our investors (1) Source: Demographics Now projected population growth from 2020 to 2025. (2) IRR calculated using historical property EBIT plus terminal value calculated using Gordon Growth Model. (3) Palace based on available operating data from 1993. (4) Does not include Santa Fe, Texas Station, Fiesta Rancho and Fiesta Henderson, which Red Rock Resorts acquired. INVESTOR PRESENTATION November 2021 22
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