Red Rock Resorts, Inc. filings document the company's public-company disclosures as a Nasdaq-listed issuer of Class A common stock. Recent 8-K reports record results of operations and financial condition, including consolidated revenue, net income, Adjusted EBITDA, Las Vegas operations, and Native American management and development fee activity.
Proxy materials cover annual meeting matters, stockholder voting procedures, board and governance disclosures, and executive compensation items. The filing record also identifies the company's registered equity security and formal exhibits for earnings releases and other reported corporate events.
Red Rock Resorts, Inc. ownership update: Baron Capital Group and affiliated filers report 13,412,846 shares of Class A Common Stock beneficially owned, representing 22.68% of the class. The filing lists shared voting power of 13,294,820 and shared dispositive power of 13,412,846.
The Schedule 13G/A identifies filing parties (Baron Capital Group, BAMCO, Baron Capital Management, Ronald Baron, Baron Small Cap Fund, Baron Partners Fund) and states that BAMCO and BCM are advisory subsidiaries of BCG and that advisory clients hold certain interests. Signatures by Ronald Baron appear on behalf of the filers.
Red Rock Resorts reported Q1 2026 net revenues of $507.3 million, up 1.9% from $497.9 million a year ago, as casino, food and beverage and other revenues all grew modestly while room revenue declined 9.3% due partly to renovations.
Net income attributable to Red Rock was $42.9 million versus $44.7 million, with diluted EPS of $0.73. Adjusted EBITDA was $212.6 million compared with $215.1 million, as higher depreciation, SG&A and development spending offset revenue gains.
The company generated $139.8 million in operating cash flow, spent $117.2 million on capital projects and ended the quarter with $134.0 million in cash and $3.55 billion of long-term debt. It paid a $0.26 regular dividend and a $1.00 special dividend, repurchased $38.3 million of Class A shares and still has $486 million authorized for future buybacks.
Red Rock also recorded $4.7 million of Native American management and development fees tied to the North Fork Project in California, which is expected to cost about $750 million and is currently under construction with opening targeted for late 2026.
Red Rock Resorts, Inc. reported first quarter 2026 net revenues of $507.3 million, modestly higher than $497.9 million a year earlier. Net income attributable to Red Rock Resorts was $42.9 million, compared with $44.7 million in the prior-year quarter, and Adjusted EBITDA was $212.6 million versus $215.1 million.
Cash and cash equivalents were $134.0 million at March 31, 2026, and total debt principal was $3.6 billion. The board declared a $0.26 cash dividend per Class A share for the second quarter of 2026, payable June 30, 2026 to stockholders of record on June 15, 2026.
Before that dividend, Station Holdco LLC will distribute approximately $28.8 million in cash, including about $16.9 million to the Company and $11.9 million to other unitholders.
Red Rock Resorts reports passive ownership of 3,575,188 shares, representing 6.04% of common stock as of 03/31/2026.
Vanguard Portfolio Management and affiliated divisions state sole voting power for 31,845 shares and sole dispositive power over 3,575,188 shares; the stake is held across Vanguard funds and managed accounts in accordance with Investment Company Act structures. The filing was signed on 04/29/2026.
Red Rock Resorts is holding a virtual annual stockholder meeting on June 4, 2026, to elect five directors, approve an advisory “say‑on‑pay” vote on named executive officer compensation, and ratify Ernst & Young LLP as auditor for the year ending December 31, 2026.
The company has a dual‑class structure with about 58.5 million Class A and 45.9 million Class B shares outstanding as of the record date. Entities affiliated with Frank and Lorenzo Fertitta hold 9.1 million Class A shares and 45.4 million Class B shares with 10 votes each, representing roughly 90.3% of combined voting power, effectively controlling all proposals.
Although Red Rock qualifies as a NASDAQ “controlled company,” all three key board committees—Audit, Compensation, and Nominating and Corporate Governance—are composed entirely of independent directors and met regularly in 2025. Non‑employee directors receive a $100,000 cash retainer plus a $200,000 annual stock award, with additional fees for committee and lead director roles.
Executive pay blends salary, annual cash incentives and long‑term equity awards. In 2025, CEO Frank J. Fertitta III received total compensation of $13.35 million, including significant stock and option grants. The disclosed median employee earned $47,206, yielding a CEO pay ratio of 283:1. The company highlights stock ownership guidelines, an executive clawback policy tied to accounting restatements, and prohibitions on hedging and short sales of company stock.
Red Rock Resorts Inc Schedule 13G/A Amendment No. 10 reports that The Vanguard Group holds 0 shares of Common Stock, representing 0% of the class. The filing describes an internal realignment effective January 12, 2026, under SEC Release No. 34-39538, under which certain Vanguard subsidiaries now report disaggregated ownership separately.
Red Rock Resorts, Inc. reported that EVP & Chief Financial Officer Stephen Lawrence Cootey had 3,952 shares of Class A common stock withheld by the company at $58.81 per share to cover taxes upon vesting of previously granted restricted shares. After this tax-withholding event, he directly holds 255,045 shares of Class A common stock.
Red Rock Resorts, Inc. executive vice president and chief operating officer Nichols Kord reported a routine tax-related share disposition. On this Form 4, 4,065 shares of Class A common stock were withheld by the company at a price of $58.81 per share to cover taxes due upon vesting of previously granted restricted shares, as noted in the footnote. After this withholding, Kord directly holds 81,668 shares of Class A common stock.
Red Rock Resorts, Inc. executive Jeffrey T. Welch, EVP and Chief Legal Officer, reported a routine tax-related share disposition. The company withheld 4,690 shares of Class A common stock at $58.81 per share to cover taxes upon vesting of previously granted restricted shares. After this withholding, Welch directly holds 308,583 shares, indicating he retains a substantial equity position.
Red Rock Resorts, Inc. President Scott Kreeger reported a tax-related share disposition. On the reported date, 8,920 shares of Class A common stock were withheld by the company to cover applicable taxes when previously granted restricted shares vested, at a reference price of $59.95 per share.
After this tax-withholding event, Kreeger held 158,571 shares of Class A common stock in direct ownership.