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.
Red Rock Resorts (NASDAQ: RRR) will announce its first quarter 2023 financial results on May 4, 2023, followed by a conference call at 4:30 p.m. ET. Investors can listen in by calling (888) 317-6003 or via a live audio webcast at www.redrockresorts.com. A replay will be available until May 18, 2023. Red Rock Resorts operates Station Casinos, which is a leading entertainment provider in Las Vegas, offering various gaming, restaurant, and entertainment amenities across numerous properties.
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