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Red Rock Resorts, Inc. - RRR STOCK NEWS

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.

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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.

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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.

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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.

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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.

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Red Rock Resorts, Inc. announced the release of its financial results for the first quarter of 2024 and a conference call scheduled for May 7, 2024. The call will include prepared remarks, a Q&A session, and a live webcast. Investors can access the call via phone or webcast.
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Station Casinos LLC, a subsidiary of Red Rock Resorts, Inc., priced its Senior Notes due 2032 at an interest rate of 6.625% per annum. The offering is expected to close soon.
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Station Casinos LLC, a subsidiary of Red Rock Resorts, Inc., plans to offer $750 million in senior notes due 2032 in a private placement. The company also aims to amend its credit agreement and introduce new credit facilities to refinance existing debts and for general corporate purposes.
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Red Rock Resorts, Inc. reported an increase in net revenues for the fourth quarter of 2023, with a slight decrease in net income. The full year results showed an increase in net revenues but a decrease in net income. The company also declared a quarterly dividend and a special dividend for the first quarter of 2024.
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Red Rock Resorts, Inc. (NASDAQ: RRR) will release its financial results for the fourth quarter and full year 2023 on February 7, 2024, followed by a conference call at 4:30 p.m. ET. The call will include prepared remarks and a question and answer session. A live audio webcast will be available at www.redrockresorts.com, with a replay and audio archive also accessible through specified phone numbers and the company's website.
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Sparket (NASDAQ: RRR) receives a strategic investment from former NBA champion Metta World Peace and his Artest Management Group to drive new partners for its proprietary sports betting platform. The partnership aims to expand Sparket's B2B pipeline through targeted introductions in the sports industry, including connections to the Lakers, and scale the company's growth through AMG's proven track record.
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FAQ

What does Red Rock Resorts, Inc. do?

Red Rock Resorts, Inc. develops, manages, and operates casino entertainment properties mainly in Las Vegas and Northern California.

How many properties does Red Rock Resorts operate?

The company owns and operates 20 gaming and entertainment facilities in Las Vegas and manages the Graton Resort & Casino in Northern California.

What are the key financial highlights for Red Rock Resorts?

As of December 31, 2023, the company had $137.6 million in cash and cash equivalents and a total debt of $3.4 billion.

When was Red Rock Resorts founded?

Red Rock Resorts was founded in 1976 and rebranded from Station Casinos Corp. to Red Rock Resorts, Inc. in January 2016.

What are the company's main revenue sources?

The majority of Red Rock Resorts' revenue comes from casino operations, supplemented by amenities like restaurants, entertainment venues, and hotels.

What recent partnerships has Red Rock Resorts announced?

Recently, Red Rock Resorts partnered with Sparket for its STN Play iCasino platform and announced a strategic investment from Metta World Peace.

What dividends has Red Rock Resorts declared recently?

The Board of Directors declared a cash dividend of $0.25 per Class A common share for the first and second quarters of 2024, along with a special dividend of $1.00 per share.

How many slot machines and table games does Red Rock Resorts operate?

The company operates approximately 20,400 slot machines and 375 table games.

Where is Red Rock Resorts headquartered?

Red Rock Resorts is headquartered in Las Vegas, Nevada.

How can I listen to Red Rock Resorts' conference calls?

You can dial into the conference operator at the given times using the provided passcode, or listen to a live audio webcast at www.redrockresorts.com.

Red Rock Resorts, Inc.

Nasdaq:RRR

RRR Rankings

RRR Stock Data

3.38B
59.20M
7.56%
84.57%
3.68%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
United States of America
LAS VEGAS