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 holding company tied to Station Casinos LLC, which operates regional casino, hotel and entertainment properties throughout the Las Vegas valley. The Red Rock Resorts news feed on this page highlights the company’s official announcements, financial updates and other material developments that can influence how investors and observers understand RRR stock and its underlying business.
News coverage for Red Rock Resorts frequently includes quarterly and annual earnings releases, where the company reports net revenues, net income, segment performance for Las Vegas operations and Native American activities, and non-GAAP measures such as Adjusted EBITDA. These releases often discuss revenue contributions from casino, food and beverage, room, development fees and other categories, as well as commentary on operating trends.
Investors can also expect conference call and earnings release date announcements, which provide details on upcoming calls, passcodes and webcast availability. These items indicate when management will discuss results and answer questions about the company’s performance and outlook.
Additional news items may describe dividend declarations on the company’s Class A common shares, special dividends, and actions related to capital allocation such as share repurchase authorizations. Disclosures from other companies, such as VICI Properties Inc., may reference partnerships or development arrangements in which affiliates of Red Rock Resorts are involved, including Native American gaming development and management projects.
By following this RRR news page, readers can review a chronological record of Red Rock Resorts’ earnings reports, conference call notices, dividend announcements and related third-party disclosures that mention the company’s role in gaming, hospitality and entertainment.
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.
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