Business
February 8, 2023
Red Rock Resorts Post Favorable FY 2022 Results, Vows to Remain Disciplined
Red Rock Resorts just published its financial results for Q4 2022, demonstrating mixed results. Despite the headwinds in Q4, the company’s annual results were positive, inspiring confidence in the business. As reported by the operator, it recorded net revenue of $425.5 million in Q4, which represents a slight 0.7% year-on-year increase. Net income, however, declined […]
Business
October 28, 2022
Red Rock Resorts Publishes Q3 Results
Red Rock Resorts, the NASDAQ-listed holding company that manages Station Casinos LLC and owns an indirect equity interest in it, has published its Q3 results. The company has reported an “effectively flat” revenue on a year-on-year basis compared to Q3 2021. It also signaled a 19% rise in new income and a 1.4$ drop in […]
Industry
March 1, 2022
Red Rock Resorts Promoted SVP Scott Kreeger to President
Red Rock Resorts, the holding company of Station Casinos in Nevada, announced Monday the appointment of Scott Kreeger as President effective February 28, 2022. Promoted to President New Red Rock Resorts President Kreeger joined the company in September 2021 when he assumed the role of Senior Vice President of Development, leaving his position as Director […]
Casino
August 9, 2021
Judge Reportedly Orders Red Rock to Start Talks with Unions
After several attempts for Red Rock Casino employees to join the Culinary Union in Las Vegas have failed, the matter reached the US District Court. Last month, Judge Gloria Navarro ordered the venue to start collaborating with unions. Now, reportedly Judge Navarro reaffirmed her ruling, asking Red Rock to immediately start talks with the Culinary […]
Casino
May 5, 2021
Red Rock Resorts Sells Palms Casino in Vegas for $650 Million
When Las Vegas started crawling back to life last summer, it would have been expected that casino operators would want all of their venues operational to make up for lost time. However, Red Rock Resorts, the parent company of Station Casinos, kept four properties closed. That was a definite sign that trouble was ahead and […]
Business
October 28, 2020
Red Rock Resorts Cuts Expenses, Reveals Impressive Q3 Results
By introducing careful cost cuts and optimizing its expenses, Red Rock Resorts revealed impressive results in the third quarter of 2020. The operator used the COVID-19 lockdown period to re-evaluate its operations which made the company leaner and more efficient. Red Rock Resorts Reveals Q3 2020 Results Tuesday, October 27, Red Rock Resorts revealed its […]
Business
January 27, 2020
Red Rock Hikes New Corporate Debt Selling up to $750mln
The Nevada-based Red Rock Resorts, in a post-market announcement on Friday, released the news that they are selling corporate debt for $750 million, up by $250 million from their previous announcement the day before, and expect the offering to be complete by February 7. The Gambling Industry Driven by Credit According to analysts, the current […]