Welcome to our dedicated page for Red Rock Resorts news (Ticker: RRR), a resource for investors and traders seeking the latest updates and insights on Red Rock Resorts stock.
Red Rock Resorts, Inc. (NASDAQ: RRR) is a prominent player in the casino entertainment and gaming industry in the United States. Through its interests in Station Holdco and Station LLC, the company develops, manages, and operates casino entertainment properties, primarily in the Las Vegas regional market and Northern California.Red Rock Resorts operates under two segments: Las Vegas Operations and Native American Management. The company boasts ownership and operation of 10 large gaming and entertainment facilities and 10 smaller casinos in the Las Vegas area. Additionally, it manages the Graton Resort & Casino in Northern California. With approximately 20,400 slot machines, 375 table games, and 5,000 hotel rooms, Red Rock Resorts offers a comprehensive and diverse range of gaming and entertainment options.
Founded in 1976 and initially known as Station Casinos Corp., the company rebranded to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts is headquartered in Las Vegas, Nevada, and remains a pivotal entity in the region's hospitality and gaming sectors. The company derives most of its revenue from its casino operations, supplemented by various amenities such as numerous restaurants, entertainment venues, movie theaters, bowling, and convention/banquet space.
Recent achievements include the release of their financial results for the third quarter of 2023 on November 7, 2023, and subsequent financial updates, including a cash dividend announcement. Furthermore, Red Rock Resorts has declared a special dividend and announced strategic partnerships, such as the one with Sparket, which launched on its STN Play iCasino platform in June 2023.
The company's financial health shows cash and cash equivalents of $137.6 million as of December 31, 2023, with total debt of $3.4 billion. The Board of Directors has declared quarterly and special dividends, indicating robust financial strategies and shareholder returns.
Red Rock Resorts continues to expand its footprint through strategic investments and partnerships. Recent endeavors include offering $750 million aggregate principal amount of senior notes due 2032, aimed at refinancing existing loans and funding general corporate purposes.
For more information, visit the company's website at www.redrockresorts.com.
Baron Capital hosted its 31st Annual Baron Investment Conference at the Metropolitan Opera House, attracting over 5,000 shareholders and clients. The event featured presentations from CEOs of key portfolio companies, including MSCI, Verisk Analytics, Red Rock Resorts, and SpaceX. The conference theme was 'building legacy,' focusing on investments that enable middle-class Americans to participate in the country's growth. The event included entertainment performances by Michael Bublé, Carrie Underwood, and others, plus Tesla Model S vehicles as door prizes and displays of Tesla's Optimus robot.
Red Rock Resorts (NASDAQ: RRR) reported its Q3 2024 financial results with net revenues of $468.0 million, up 13.7% year-over-year. However, net income decreased 19.0% to $55.4 million. Las Vegas operations showed strong performance with revenues of $464.7 million, a 13.9% increase, and Adjusted EBITDA of $202.6 million, up 5.8%. The company declared a quarterly dividend of $0.25 per Class A share, payable December 31, 2024. The company's cash position stood at $117.5 million with total debt of $3.5 billion.
Red Rock Resorts (NASDAQ: RRR) has rescheduled its third quarter 2024 financial results release to Thursday, November 7, 2024. The company will host a conference call on the same day at 6:00 p.m. ET (3:00 p.m. PT), canceling the previously scheduled call for November 6. The call will include prepared remarks and a Q&A session. Participants can dial (888) 317-6003 (US) or (412) 317-6061 (international) using passcode 4490276. A live webcast and replay will be available on the company's website until November 14, 2024.
Red Rock Resorts, Inc. (NASDAQ: RRR) has announced the date for its third quarter 2024 financial results release and conference call. The company will release its financial results on Wednesday, November 6, 2024, followed by a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT).
To participate in the conference call, listeners can dial (888) 317-6003 (US) or (412) 317-6061 (international) using the passcode: 4490276. A live audio webcast will also be available on the company's website. A replay of the call will be accessible through November 13, 2024, by dialing (877) 344-7529 (US) or (412) 317-0088 (international) with the conference ID: 6514295.
Red Rock Resorts (NASDAQ: RRR) reported its Q2 2024 financial results, showing mixed performance. Net revenues increased 16.9% to $486.4 million, while net income decreased 6.8% to $69.8 million compared to Q2 2023. Adjusted EBITDA rose 15.0% to $201.7 million.
Las Vegas operations saw significant growth, with net revenues up 17.1% to $483.2 million and Adjusted EBITDA increasing 15.6% to $223.1 million. The company's cash and cash equivalents stood at $136.4 million, with a total debt of $3.5 billion.
The Board declared a quarterly dividend of $0.25 per Class A common share, payable on September 30, 2024. A conference call to discuss the results is scheduled for today at 4:30 p.m. Eastern Time.
Red Rock Resorts (NASDAQ: RRR) announced a revised date for its second-quarter 2024 earnings release and conference call. The new date is July 23, 2024, replacing the previously scheduled July 30, 2024. The earnings release will occur before the market opens, followed by a conference call at 4:30 p.m. ET. The call will feature prepared remarks and a Q&A session. Investors can dial in using the provided numbers and passcode, or listen via a live webcast on the company's website. A replay of the call will be available through August 6, 2024, both via phone and online.
Red Rock Resorts (NASDAQ: RRR) will announce its second-quarter 2024 financial results on July 30, 2024.
Following the release, the company will hold a conference call at 4:30 p.m. ET (1:30 p.m. PT), which will include prepared remarks and a Q&A session.
To participate, dial (888) 317-6003 with passcode 8857354 by 4:15 p.m. ET (1:15 p.m. PT). International participants can call (412) 317-6061.
The call will be webcast live at www.redrockresorts.com, and a replay will be available through August 6, 2024, by dialing (877) 344-7529 or (412) 317-0088 with conference ID 1487116. An audio archive will also be accessible on the company's website.
Red Rock Resorts announced its first quarter 2024 financial results, with net revenues of $488.9 million, a 12.7% increase from the same period in 2023. Despite a 8.4% decrease in net income to $78.4 million, adjusted EBITDA rose by 7.7% to $209.1 million. Las Vegas operations saw a 12.9% revenue increase to $485.6 million and a 7.3% rise in adjusted EBITDA to $229.8 million. The company reported $129.7 million in cash and cash equivalents and a total debt outstanding of $3.5 billion as of March 31, 2024. Additionally, a dividend of $0.25 per Class A common share was declared for the second quarter of 2024.
FAQ
What is the current stock price of Red Rock Resorts (RRR)?
What is the market cap of Red Rock Resorts (RRR)?
What does Red Rock Resorts, Inc. do?
How many properties does Red Rock Resorts operate?
What are the key financial highlights for Red Rock Resorts?
When was Red Rock Resorts founded?
What are the company's main revenue sources?
What recent partnerships has Red Rock Resorts announced?
What dividends has Red Rock Resorts declared recently?
How many slot machines and table games does Red Rock Resorts operate?
Where is Red Rock Resorts headquartered?
How can I listen to Red Rock Resorts' conference calls?
