Plutux
$56.97
-2.45%
2026-08-28 16:00:00 EDT-$1.43
Consumer Cyclical
Gambling, Resorts & Casinos
NASDAQ
Active Trading

Red Rock Resorts, Inc. is a company that develops and operates casino and entertainment properties throughout the United States. This is primarily ...

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$56.97
-2.45%-$1.43
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52W High-16.4%
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Red Rock Resorts, Inc. (NASDAQ: RRR) is a prominent player in the U.S. gaming and entertainment industry, headquartered in Las Vegas, Nevada. Founded in 1976 by the Fertitta family, the company has grown from a small casino into a major operator with a significant presence in the Las Vegas regional ...Red Rock Resorts, Inc. (NASDAQ: RRR) is a prominent player in the U.S. gaming and entertainment industry, headquartered in Las Vegas, Nevada. Founded in 1976 by the Fertitta family, the company has grown from a small casino into a major operator with a significant presence in the Las Vegas regional market and beyond. As of December 31, 2021, Red Rock Resorts operates 19 gaming facilities in the Las Vegas area, comprising 9 larger entertainment complexes and 10 smaller casinos, along with managing the Graton Resort & Casino in Northern California. These properties feature approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms, providing a comprehensive gaming and hospitality experience. The company's business is segmented into Las Vegas Operations and Native American Management. The Las Vegas Operations segment includes wholly-owned properties such as Red Rock Casino Resort & Spa, Green Valley Ranch, and Palace Station, offering a variety of amenities including gaming, dining, entertainment, and hotel accommodations. The Native American Management segment involves managing casinos on behalf of tribal partners, generating management fees. This diversification helps mitigate risk and creates multiple revenue streams. Financially, Red Rock Resorts has demonstrated robust performance with a market capitalization of approximately $3.6 billion as of the latest data. The company's trailing twelve-month revenue per share stands at $34.64, with a net profit margin of 11.6%. It maintains a strong free cash flow yield of 22%, reflecting its ability to generate significant cash from operations. The company has a dividend yield of 3.3% and a payout ratio of 25.8%, indicating a shareholder-friendly approach while retaining capital for growth. Red Rock's enterprise value-to-EBITDA ratio of 5.21 suggests a reasonable valuation relative to its earnings. Key leadership includes Chairman and CEO Frank J. Fertitta III, who has been at the helm since September 2015. Under his guidance, the company has expanded its portfolio and maintained a focus on organic growth and strategic acquisitions. The Fertitta family retains significant ownership, ensuring long-term stability and alignment with shareholders. With approximately 9,500 full-time employees, Red Rock Resorts is a major employer in the region, contributing to the local economy and community. The company's long-term vision includes further development projects and enhancements to existing properties to drive patronage and revenue growth. As the gaming industry rebounds, Red Rock Resorts is well-positioned to capitalize on the recovery and sustain its legacy of success.
Founded
1976
Employees
9500
CEO
Frank J. Fertitta
Full Name
Red Rock Resorts, Inc.
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
ROE
91.10%
Market Cap
$3.33B
Current Ratio
0.68
WACC
12.57%
ROIC
12.95%

Contact Information

702 495 3000
1505 South Pavilion Center Drive, Las Vegas, NV 89135

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