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) is set to release its third quarter 2021 financial results on November 2, 2021, followed by a conference call at 4:30 p.m. ET. Participants can dial in starting at 4:15 p.m. ET to discuss the results, and a live audio webcast will also be available. A replay of the call will be accessible until November 9, 2021. Red Rock Resorts operates various entertainment and gaming properties in Las Vegas, including Red Rock Casino Resort Spa and Green Valley Ranch Resort Spa Casino.
Red Rock Resorts (NASDAQ: RRR) has announced the redemption of $280,333,000 in 5.000% senior notes due 2025, following a notice issued by Station Casinos LLC. The company plans to utilize cash reserves and borrowings from its revolving credit facility to cover the redemption premium, accrued interest, and associated costs. This action reflects Station Casinos' ongoing financial management as it continues to operate its array of gaming and entertainment properties in Las Vegas.
Red Rock Resorts reported Q2 2021 financial results, showing a significant recovery from the COVID-19 pandemic. Net revenues reached $428.2 million, a 295% increase from $108.5 million in Q2 2020, though down 11% from $482.9 million in Q2 2019. Net income was $143.4 million, improving from a loss of $118.4 million year-over-year. Adjusted EBITDA surged to $210.2 million, up from a negative $17.3 million in 2020, yet increased only 82% compared to 2019. The company ended Q2 2021 with $91 million in cash against $2.7 billion in debt.
Red Rock Resorts, Inc. (NASDAQ: RRR) is set to release its financial results for the second quarter of 2021 on July 28, 2021. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results, featuring prepared remarks and a Q&A session. Interested participants can join by calling in 15 minutes earlier, with options for both domestic and international dialing. A replay of the call will be available until August 4, 2021. Red Rock Resorts manages Station Casinos, a key provider of gaming in Las Vegas.
Red Rock Resorts (NASDAQ: RRR) reported its Q1 2021 financial results, revealing net revenues of $352.6 million, a 6.6% decline from $377.4 million in Q1 2020, largely due to COVID-19 impacts. The company experienced a net loss of $106.6 million, an improvement from a loss of $177.8 million in Q1 2020. However, Adjusted EBITDA rose significantly to $156.6 million, marking a 110.8% increase year-over-year. Notably, Red Rock announced plans to sell the Palms Casino Resort for $650 million, pending regulatory approvals. The company's cash and equivalents stood at $117.9 million against $2.9 billion in total debt.
Red Rock Resorts has entered into a definitive agreement to sell the Palms Casino Resort to a subsidiary of the San Manuel Band of Mission Indians for $650 million in cash, pending regulatory approvals. This strategic divestiture aims to streamline operations and enhance financial flexibility. Financial advisement for Red Rock is provided by Deutsche Bank Securities Inc., with legal representation from Milbank LLP. This transaction reflects Red Rock's commitment to focus on its core regional gaming and entertainment business.
Red Rock Resorts (NASDAQ: RRR) has announced that it will release its financial results for Q1 2021 on May 4, 2021. A conference call will follow at 4:30 p.m. ET to discuss these results, including prepared remarks and a Q&A session. Interested participants can join by dialing in or via a live audio webcast at the company's website. The call will also be available for replay until May 11, 2021.
Red Rock Resorts (RRR) reported financial results for Q4 and the full year 2020 amid COVID-19 challenges. Q4 net revenues were $343.4 million, down 25.5% year-over-year. However, net income increased to $49.6 million compared to $6.8 million in 2019. For the full year, revenues fell 36.3% to $1.2 billion, with a net loss of $174.5 million, compared to a loss of $6.7 million in 2019. Adjusted EBITDA for Q4 was $150.5 million, an increase of 9.4%, while the full year saw a decline to $368.5 million from $509 million. Cash at year-end was $121.2 million, with total debt at $2.9 billion.
Red Rock Resorts (NASDAQ: RRR) announced a conditional partial redemption of $250 million in 5.000% senior notes due 2025 by Station Casinos LLC. This redemption is subject to specific conditions and will be funded through cash on hand and borrowings from a revolving credit facility. Station Casinos operates numerous entertainment venues across Las Vegas, offering various amenities including restaurants and gaming options. The company emphasizes its leading position in the local market while noting that certain forward-looking statements may involve risks and uncertainties that could affect future results.
Red Rock Resorts will announce its fourth quarter and full year 2020 financial results on February 9, 2021, with a conference call scheduled at 4:30 p.m. ET. Investors can join the call via phone or access a live audio webcast on the company’s website.
The replay will be available until February 16, 2021. Red Rock Resorts owns and manages several casinos in Las Vegas, including Red Rock Casino Resort Spa and others, offering various entertainment options.