Red Rock Resorts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:02 pm
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Red Rock Resorts, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 314.4 million compared to USD 324.92 million a year ago. Revenue was USD 416.13 million compared to USD 422.24 million a year ago. Net income was USD 39.51 million compared to USD 15.75 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.26 a year ago.
For the six months, sales was USD 646.58 million compared to USD 641.46 million a year ago. Revenue was USD 849.77 million compared to USD 823.88 million a year ago. Net income was USD 84.19 million compared to USD 64.09 million a year ago. Basic earnings per share from continuing operations was USD 1.46 compared to USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 1.4 compared to USD 1.04 a year ago.
Red Rock Resorts, Inc. is a holding company, which operates through its subsidiary, Station Casinos LLC (Station LLC). Station LLC is a gaming, development and management company that develops and operates casino and entertainment properties. Station LLC owns and operates seven gaming and entertainment facilities and ten smaller casinos. Its segments include Las Vegas operations and Native American management. The Las Vegas operations segment includes its Las Vegas area casino properties, and the Native American management segment includes its Native American management arrangements. Its casino properties are located throughout the Las Vegas valley and provide entertainment and dining options. It also controls six gaming-entitled development sites in Las Vegas. It offers gaming and non-gaming offerings, which include restaurants, hotels and other entertainment amenities. It controls and operates all of the business and affairs of Station Holdco LLC (Station Holdco) and Station LLC.
RED ROCK RESORTS, INC. 
