Red Rock Resorts, Inc. reports recurring developments tied to its casino, entertainment, development and management business in the Las Vegas valley. Company updates center on quarterly and annual operating results, Las Vegas operations, Adjusted EBITDA, net income, casino-related revenue categories, and management or development fee activity connected to Native American operations.
News also covers scheduled earnings releases and conference calls, cash dividends on Class A common stock, and market-index classification changes. The recurring business focus is the performance of casino properties that combine gaming with dining, rooms and entertainment offerings.
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.
Red Rock Resorts reported second-quarter 2022 financial results, with net revenues at $422.2 million, down 1% from $428.2 million in Q2 2021.
Net income decreased significantly by $110.9 million to $32.4 million, while Adjusted EBITDA fell 10% to $188.9 million compared to the prior year.
Las Vegas operations mirrored this trend, with revenues and EBITDA both declining.
The Company declared a quarterly dividend of $0.25 per share, payable on September 30, 2022.
Red Rock Resorts (NASDAQ: RRR) is set to release its second quarter 2022 financial results on August 9, 2022, followed by a conference call at 4:30 p.m. ET. Interested participants should dial in by 4:15 p.m. ET. A live audio webcast will also be available on the company's website. A replay will be accessible until August 16, 2022. Red Rock Resorts holds an indirect equity interest in Station Casinos, a leading provider of gaming and entertainment in Las Vegas.
Red Rock Resorts reported strong financial results for Q1 2022, with net revenues of $401.6 million, a 14% increase from $352.6 million in Q1 2021. The company achieved net income of $92.2 million, a significant turnaround from a net loss of $106.6 million in the same quarter last year. Adjusted EBITDA rose to $178.7 million, up 14%. Las Vegas operations generated net revenues of $399.7 million and Adjusted EBITDA of $194.6 million, marking increases of 17% and 21%, respectively. The Board declared a cash dividend of $0.25 per share for Q2 2022.
Red Rock Resorts, Inc. (NASDAQ: RRR) will release its financial results for Q1 2022 on May 3, 2022, followed by a conference call at 4:30 p.m. ET. Participants can join the call by dialing (888) 317-6003 or tuning into the live audio webcast at www.redrockresorts.com. A replay will be available until May 10, 2022. Red Rock Resorts manages Station Casinos, a key provider of gaming and entertainment in Las Vegas, operating multiple casinos and entertainment venues.
Red Rock Resorts (NASDAQ: RRR) announced the appointment of Scott Kreeger as President effective February 28, 2022. Kreeger previously served as Senior VP of Development since September 2021 after returning from Galaxy Entertainment Group. His extensive experience includes key roles at Station Casinos and Revel Resort and Casino, positioning him as a competent leader for the company’s future growth. Frank Fertitta III, Chairman and CEO, expressed confidence in Kreeger’s proven leadership and deep industry knowledge.