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, 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.
Red Rock Resorts (NASDAQ: RRR) reported robust financial results for Q4 and full year 2021. Q4 net revenues reached $422.4 million, a 23% increase year-over-year, while net income soared to $200.1 million from $49.6 million in 2020. Full year revenues were $1.6 billion, up 37%, with net income bouncing back to $354.8 million from a loss of $174.5 million in 2020. Las Vegas operations also performed well, contributing $420.5 million in Q4 revenues, a 33% increase.
Red Rock Resorts, Inc. (NASDAQ: RRR) announced its fourth quarter and full year 2021 financial results will be released on February 2, 2022. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day, featuring prepared remarks and a Q&A session. Interested parties can listen in via phone or a live webcast available on the company's website. A replay will be accessible until February 9, 2022. Red Rock Resorts oversees a range of gaming and entertainment offerings in Las Vegas through its subsidiary Station Casinos.
Red Rock Resorts, Inc. (RRR) announced the final results of its modified Dutch auction tender offer, which expired on December 9, 2021. A total of 6,884,858 shares were tendered at or below the purchase price of $51.50 per share, representing approximately 10.08% of the outstanding shares. The total cost for the purchase was approximately $354.6 million, excluding fees. All properly tendered shares were accepted without proration. BofA Securities acted as the dealer manager for the offer.
Red Rock Resorts (RRR) announced preliminary results of its modified Dutch auction tender offer, which expired on December 9, 2021. A total of 6,921,149 shares were tendered at or below $51.50 each, with an estimated total cost of approximately $356.4 million. This represents around 10.13% of total outstanding shares. The final number of shares and purchase price are subject to confirmation by the Depositary and will be announced after the settlement period. BofA Securities acted as the dealer manager for this tender offer.
Red Rock Resorts, Inc. (NASDAQ: RRR) announced that its subsidiary, Station Casinos LLC, has priced a $500 million offering of senior notes due 2031 with a 4.625% interest rate. The offering is set to close on or around November 26, 2021. Proceeds from the notes will facilitate a distribution of approximately $344 million to LLC interest holders, fund a $350 million common stock buyback, and cover related fees and general corporate expenses. These notes will not be registered under the Securities Act and will be sold to qualified buyers in compliance with relevant regulations.
Red Rock Resorts, Inc. (NASDAQ: RRR) announced that Station Casinos LLC plans to offer $500 million in senior notes due 2031. Proceeds will be used for a $344 million distribution to LLC interest holders, funding a $350 million equity tender offer for Class A Common Stock, covering transaction costs, and general corporate purposes. The notes will be sold to qualified institutional buyers and are not registered under the Securities Act. The Company warns that actual results may differ from expectations.
Red Rock Resorts (RRR) announced a modified Dutch Auction tender offer to repurchase up to $350,000,000 of its Class A Common Stock, with a purchase price range set between $46.00 and $53.00 per share. The offer begins November 10, 2021, and expires at midnight on December 9, 2021. In addition, a special cash dividend of $3.00 per share has been declared, payable on December 22, 2021, to shareholders of record as of November 23, 2021. This strategy aims to return value to shareholders and efficiently utilize available cash.
Red Rock Resorts (NASDAQ: RRR) reported robust financial results for Q3 2021, with net revenues reaching $414.8 million, a 17% increase year-over-year. Net income soared to $117.9 million, marking a 64% rise from the previous year. Adjusted EBITDA also climbed by 15% to $184.5 million. Notably, Las Vegas operations contributed $412.7 million in revenues, up 29%. The company enhanced its share repurchase program, increasing it from $150 million to $300 million, with over $173 million available for repurchases.