![]() ![]() ![]() Rising gas and grocery prices are only having an impact on customers who spend the least, Red Rock Resorts CEO Frank Fertitta III said in his quarterly earnings call May 3. CEOs of public casino companies such as Caesars and MGM Resorts, on the other hand, have said on their earnings calls higher prices have not dampened customer demand. He said he can be more candid in his assessment because Hard Rock isn't a publicly traded company. The company has casinos in several states, including New Jersey, Ohio and California. Please contact Concierge at Seminole Hard Rock at 813.627.7628 and they will gladly assist in getting quotes and booking transportation. Results from April illustrate the softening across the nation, Allen said. And when that's up 30% to 40%, that's going to be problematic." "There's no doubt that in most regional gaming markets that customer is a day-tripper, utilizing gasoline to get to the facility. "We look at gasoline anywhere from $5 to $6 a gallon," Allen said. Higher prices are also beginning to pressure his customers, said Allen, who anticipates the cost crunch to last potentially through the first or second quarter of 2023. "Prices for building materials have just exploded," he said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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