Red Rock Resorts controls six potential development sites in Southern Nevada totaling 329 acres — the largest being a 123-acre location on the far south end of Las Vegas Boulevard, near Cactus Avenue.But the company’s 8-acre parcel in Reno near the Atlantis Hotel & Casino and the Reno-Sparks Con
Red Rock Resorts, the parent company of Station Casinos, has reported its strongest fourth-quarter net revenue and cash flow performance in company history, closing out a profitable 2024. For the fourth quarter endingDecember 31, Red Rock Resorts posted$87.7 million in net income, or76 cents per sha
Red Rock Resorts reported fourth-quarter increases in revenue and adjusted earnings, while net income fell, the company announced Tuesday.Net revenue was $495.7 million for the fourth quarter, an increase of 7.1% or $33 million from $462.7 million in the same period of 2023. Net income was $87.7 mil
The Durango Casino & Resort that opened in December 2023 helped boost Red Rock Resort’s fourth-quarter revenue and adjusted earnings as part of a trend for the entire calendar year, the company reported Tuesday.Net revenue from Las Vegas operations was $492.6 million for the fourth quarter of 20
Deutsche Bank has issued a Buy rating for Red Rock Resorts, bullish on the operator’s development pipeline and management of the North Fork casino project in northern California. Deutsche Bank has a $62 price target for the stock that traded in the mid-$40s to close 2024.In a note to investors, anal
Red Rock Resorts, the owner of locals casino operator Station Casinos, has reported a 13.7% year-over-year increase in revenue for the third quarter, reaching $468 million. However,net income fell by 19% to $55.4 million from $68.4 million in the same period of 2023. The figures come as Red Rock Res
Between the expansion at the Durango Casino & Resort in Las Vegas and renovations at other properties, Red Rock Resorts has hundreds of millions of dollars in its development pipeline.For the full year of 2024, not including the spending to close out the $800 million Durango resort that opened i
Strength in the Las Vegas Locals market propelled Red Rock Resorts to a record third quarter for revenue and adjusted earnings. Stephen Cootey, the company’s executive vice president and chief financial officer, said Red Rock approached its historical adjusted earnings margin in the quarter.“Durango
Red Rock Resorts reported third-quarter gains in revenue and adjusted earnings as it continues to benefit from the December opening of the Durango Casino & Resort.Overall for the operator, net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, fro
Sportradar price target raisedJ. P. Morgan analyst Samuel Nielsen wrote October 21 about Sportradar in a statement.“We are upgrading Sportradar to an Overweight rating (from Neutral),” Nielsen wrote, “and raising our year-end 2025 price target to $15 (was $12) following our recent investor meeting a
Analysts remain bullish on Red Rock Resorts ahead of its third quarter earnings release that’s expected to be affected by the summer heat and slower demand, while touting the company’s future plans for building new resorts in south Las Vegas after the success of the Durango Casino & Resort that
/ THE END /
