Red Rock Resorts Inc Stock Price, News & Analysis

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.

Red Rock Resorts (NASDAQ: RRR) reported its financial results for Q4 and full year 2022 on February 7, 2023. For Q4 2022, net revenues increased by 0.7% to $425.5 million, while net income decreased by 14.9% to $170.2 million. Adjusted EBITDA rose by 2.5% to $194.4 million. Las Vegas operations experienced a slight revenue dip to $419.6 million, with adjusted EBITDA falling to $206.9 million. For the full year, net revenues climbed 2.8% to $1.66 billion, and net income grew by 10% to $390.4 million. The company declared a quarterly dividend of $0.25 per Class A share, payable on March 31, 2023. Total debt stood at $3.0 billion with $117.3 million in cash.

Red Rock Resorts announced plans to release its financial results for the fourth quarter and full year 2022 on February 7, 2023, followed by a conference call at 4:30 p.m. ET. Investors can join the call by dialing in by 4:15 p.m. ET or access a live audio webcast at their website. A replay will be available until February 14, 2023. Red Rock Resorts, operating through its subsidiary Station Casinos, is a major entertainment provider in Las Vegas.

Red Rock Resorts has declared a special dividend of $1.00 per Class A common share, payable on December 9, 2022. This announcement was made on November 14, 2022, with a record date of November 30, 2022. Prior to the dividend, Station Holdco will distribute approximately $108.1 million to unit holders, with Red Rock expected to receive around $62.1 million. The company, a major provider of gaming and hospitality in Las Vegas, operates multiple properties and is focused on long-term growth despite uncertainties in the market.

Red Rock Resorts reported its third-quarter results, revealing net revenues of $414.4 million, nearly unchanged from $414.8 million in Q3 2021.

However, net income fell to $95.5 million, down $22.5 million year-over-year, and Adjusted EBITDA decreased 1.4% to $181.9 million. Revenues from Las Vegas operations also saw a 0.3% decline to $411.6 million. The company declared a cash dividend of $0.25 per Class A share for Q4 2022, emphasizing a stable cash distribution while managing significant debt of $2.91 billion.

Red Rock Resorts (NASDAQ: RRR) will announce its third quarter 2022 financial results on October 27, 2022. The company will host a conference call at 4:30 p.m. ET that day, featuring prepared remarks and a Q&A session. To participate, callers should dial in by 4:15 p.m. ET. An audio webcast will also be available on their website. A replay of the call can be accessed until November 3, 2022. Red Rock Resorts operates several entertainment destinations in Las Vegas, primarily through its subsidiary, Station Casinos.