RRR on Nasdaq

Red Rock Resorts, Inc.

American hotels and motels company, incorporated in Delaware1

In its 2026 annual report the company says: “Red Rock Resorts, Inc. is a holding company that owns an indirect equity interest in and manages Station Casinos LLC, through which we conduct all of our operations. We own all of the outstanding voting interests in Station LLC and have an indirect equity interest in Station LLC through our ownership of limited liability interests in Station Holdco LLC, which owns all of the economic interests in Station LLC.”5 It is headquartered in Las Vegas, Nevada.1 Its shares trade on Nasdaq under the symbol RRR.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$2.0BRevenue, fiscal 20252
$188.1MNet income, fiscal 20252

Compare with Bally's Corporation, Sands China or Choice Hotels, or pick any stock.

  • TickerRRR on Nasdaq1
  • IndustryHotels & Motels1
  • HeadquartersLas Vegas, Nevada1
  • Incorporated inDE3
  • Business address1505 South Pavilion Center Drive, Las Vegas, Nv 891353
  • Filer categoryLarge accelerated filer3

Red Rock Resorts, Inc. (“we,” “our,” “us,” “Red Rock” or the “Company”) is a holding company that owns an indirect equity interest in and manages Station Casinos LLC (“Station LLC”), through which we conduct all of our operations. Station LLC is a gaming, development and management company established in 1976 that develops and operates strategically-located casino and entertainment properties. Station LLC owns and operates seven major gaming and entertainment facilities, including Durango Casino & Resort (“Durango”), and 13 smaller casinos (three of which are 50% owned). Durango opened in December of 2023 on approximately 50 acres of land at the intersection of Interstate 215 and Durango Drive in the southwest Las Vegas valley.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

29.7%Operating margin2
9.3%Net margin2
3.7%Revenue growth, 20252
90.3%Return on equity2
16.22×Debt to equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Casino brought in 61% of the revenue Red Rock Resorts, Inc. broke down this way in fiscal 2025.

  1. Casino$1.3B261%up 5% from 2024
  2. Food and Beverage$362.4M216%up 1% from 2024
  3. Complimentary Goods and Services$196.3M29%down 2% from 2024
  4. Occupancy$190.1M29%down 5% from 2024
  5. Hotel, Other$100.8M25%down 0% from 2024
  6. Management Service$17.6M21%
Products and services by year
Products and services202320242025
Casino$1.1B$1.3B$1.3B
Food and Beverage$313.6M$360.4M$362.4M
Complimentary Goods and Services$171.4M$199.7M$196.3M
Occupancy$183.1M$200.5M$190.1M
Hotel, Other$95.2M$100.9M$100.8M
Management Service$0$0$17.6M

Business segments

Las Vegas Operations brought in 99% of the revenue Red Rock Resorts, Inc. broke down this way in fiscal 2025.

  1. Las Vegas Operations$2.0B299%up 3% from 2024
  2. Native American Management$17.6M21%
Business segments by year
Business segments202320242025
Las Vegas Operations$1.7B$1.9B$2.0B
Native American Management$0$0$17.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin22¢$441.3M
  • Other costs56¢$1.1B
  • Interest10¢$201.9M
  • Income tax2¢$46.6M
  • Profit9¢$188.1M

Out of $2.0B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid20¢$120.8M
  • Share buybacks13¢$79.0M
  • Kept or used elsewhere67¢$409.7M

Out of $609.5M of cash from operations.2

Financial statements

Revenue6789102$2.0B in 2025+20% since 2018
0$1.0B$2.0B$3.0B2018: $1.7B$1.7B20182019: $1.9B$1.9B2019+10%2020: $1.2B$1.2B2020−36%2021: $1.6B$1.6B2021+37%2022: $1.7B$1.7B2022+3%2023: $1.7B$1.7B2023+4%2024: $1.9B$1.9B2024+12%2025: $2.0B$2.0B2025+4%
Operating income6789102$597.4M in 2025+61% since 2018
0$200.0M$400.0M$600.0M2018: $372.2M$372.2M20182019: $186.0M$186.0M2019−50%2020: $88.6M$88.6M2020−52%2021: $401.5M$401.5M2021+353%2022: $561.3M$561.3M2022+40%2023: $558.7M$558.7M2023−0%2024: $568.7M$568.7M2024+2%2025: $597.4M$597.4M2025+5%
Net income6789102$188.1M in 2025+19% since 2018
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2018: $157.5M$157.5M20182019: -$3.4M-$3.4M20192020: -$150.4M-$150.4M2020+4388%2021: $241.8M$241.8M20212022: $205.5M$205.5M2022−15%2023: $176.0M$176.0M2023−14%2024: $154.1M$154.1M2024−12%2025: $188.1M$188.1M2025+22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Net revenues$2.0B$1.9B$1.7B
Selling, general and administrative$441.3M$432.3M$374.5M
Depreciation and amortization$197.4M$187.1M$132.5M
Write-downs and other, net$19.0M$6.7M$32.0M
Costs and Expenses$1.4B$1.4B$1.2B
Operating income$597.4M$568.7M$558.7M
Earnings from joint ventures$2.6M$2.4M$3.1M
Operating income and earnings from joint ventures$600.0M$571.1M$561.8M
Interest expense, net-$201.9M-$228.8M-$181.0M
Loss on extinguishment/modification of debt-$25.0K-$14.4M$0
Total other expense-$197.7M-$242.9M-$181.0M
Income before income tax$402.3M$328.2M$380.8M
Provision for income tax-$46.6M-$36.9M-$43.0M
Net income$355.7M$291.3M$337.8M
Less: net income attributable to noncontrolling interests$167.6M$137.2M$161.8M
Net income attributable to Red Rock Resorts, Inc.$188.1M$154.1M$176.0M
Earnings per share of Class A common stock, basic$3.19$2.61$3.04
Earnings per share of Class A common stock, diluted$3.12$2.53$2.94
Basic59.0M shares59.0M shares57.9M shares
Diluted102.6M shares103.7M shares103.2M shares
Gain (Loss) on Derivative Instruments, Net, Pretax-$4.3M$274.0K$0
Gain on Native American Development$8.5M$0$0
Share-based compensation$32.6M$31.5M$20.1M
Distributions-$136.3M-$126.7M-$76.7M
Dividends declared-$119.9M-$119.1M-$58.3M
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture$0$0$0
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation$24.0M$13.8M$14.7M
Repurchases of Class A common stock$79.4M$3.9M
Exchanges of noncontrolling interests (shares)100.0K shares0 shares0 shares
Exchanges of noncontrolling interests-$5.6M
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests$1.3M$0
Net deferred tax assets resulting from equity transactions$3.6M$3.7M$3.5M
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco$0$0$0

Compare Red Rock Resorts, Inc. with another company

Corporate structure

Red Rock Resorts, Inc. sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Red Rock Resorts, Inc.

  • BAMCO INC /NY/ Filed SCHEDULE 13G/A on Red Rock Resorts, Inc., latest Jun 3, 2026 (8 filings since Feb 14, 2022)
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Red Rock Resorts, Inc., latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Red Rock Resorts, Inc., latest Mar 27, 2026 (6 filings since Feb 10, 2022)
  • Lorenzo J. Fertitta Filed SCHEDULE 13D/A on Red Rock Resorts, Inc., latest Dec 17, 2025
  • BlackRock Filed SCHEDULE 13G/A on Red Rock Resorts, Inc., latest Dec 4, 2025 (4 filings since Feb 3, 2022)
  • EMINENCE CAPITAL, LP Filed SCHEDULE 13G/A on Red Rock Resorts, Inc., latest Nov 14, 2025 (4 filings since Feb 14, 2022)
  • FMR LLC Filed SCHEDULE 13G/A on Red Rock Resorts, Inc., latest Aug 6, 2025 (4 filings since Feb 9, 2024)
  • Fertitta Holdco LLC Filed SC 13D/A on Red Rock Resorts, Inc., latest May 15, 2024 (2 filings since Dec 20, 2021)
  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Filed SC 13G/A on Red Rock Resorts, Inc., latest Feb 9, 2024 (3 filings since Feb 2, 2022)
  • Diamond Hill Capital Management, LLC (Investment Advisor) Filed SC 13G/A on Red Rock Resorts, Inc., latest Feb 9, 2022
  • Red Rock Resorts, Inc. Las Vegas, Nevada
    • FE Transportation LLC Subsidiary · New York, United States
    • Fertitta Entertainment LLC Subsidiary · Delaware, United States
    • SC Development 1 LLC Subsidiary · Delaware, United States
    • SC Development 2 LLC Subsidiary · Delaware, United States
    • SC Madera Development, LLC Subsidiary · California, United States
    • SC Madera Management, LLC Subsidiary · California, United States
    • SC Sonoma Development, LLC Subsidiary · California, United States
    • SC Sonoma Management, LLC Subsidiary · California, United States
    • Station Holdco LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Red Rock Resorts, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.6B2 Dec 31, 2025$4.2B2 Dec 31, 2024+8.0%
Accumulated depreciation$1.6B2 Dec 31, 2025$1.5B2 Dec 31, 2024+10.1%
Property and equipment, net$3.0B2 Dec 31, 2025$2.8B2 Dec 31, 2024+6.8%
Finance-lease assets$38.6M2 Dec 31, 2025$02 Dec 31, 2024
Operating-lease assets (leased space)$28.1M2 Dec 31, 2025$28.2M2 Dec 31, 2024−0.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$142.5M2 Dec 31, 2025$164.4M2 Dec 31, 2024−13.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$195.7M2 Dec 31, 2025$195.7M2 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$80.1M2 Dec 31, 2025$81.2M2 Dec 31, 2024−1.4%
Accumulated amortization$23.0M2 Dec 31, 2025$21.4M2 Dec 31, 2024+7.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$17.9M2 Dec 31, 2025$16.4M2 Dec 31, 2024+9.4%

Properties, in its own words

Substantially all of the property that we own and lease is subject to liens to secure borrowings under our credit agreements and include the following:

•Red Rock, which opened in 2006, is situated on approximately 64 acres that we own on the west side of Las Vegas, Nevada.

The rest of Item 2

•Green Valley Ranch, which opened in 2001, is situated on approximately 40 acres that we own in Henderson, Nevada.

•Durango, which opened in December 2023, is situated on approximately 50 acres that we own in Las Vegas, Nevada.

•Palace Station, which opened in 1976, is situated on approximately 30 acres that we own in Las Vegas, Nevada.

•Boulder Station, which opened in 1994, is situated on approximately 46 acres that we own on the east side of Las Vegas, Nevada.

•Sunset Station, which opened in 1997, is situated on approximately 75 acres that we own in Henderson, Nevada.

•Santa Fe Station, which we purchased in 2000, is situated on approximately 39 acres that we own on the northwest side of Las Vegas, Nevada.

•Wildfire Rancho, which we purchased in 2003, is situated on approximately five acres that we own in Las Vegas, Nevada.

•Wildfire Boulder, which we purchased in 2004, is situated on approximately two acres that we own in Henderson, Nevada.

•Wildfire Sunset, which we purchased in 2004, is situated on approximately one acre that we own in Henderson, Nevada.

•Wildfire Lake Mead, which we purchased in 2006, is situated on approximately three acres that we own in Henderson, Nevada.

•Wildfire Fremont, which we opened in February 2023, is situated on approximately five acres that we own in Las Vegas, Nevada.

•Wildfire Valley View and Wildfire Anthem, which we purchased in 2013, lease land and buildings used in their operations in Las Vegas, Nevada and Henderson, Nevada, respectively, from third-party lessors.

•Seventy Six North Lamb, which we opened in October 2024, leases the land and building used in its operation in North Las Vegas, Nevada.

•Seventy Six Aliante, which opened in January 2025, leases the land used in its operation in North Las Vegas, Nevada from a third-party lessor.

•Seventy Six Union Village, which opened in January 2026, leases the land and building used in its operation in Henderson, Nevada from a third-party lessor.

•Barley’s and The Greens, which are 50% owned, lease the land and buildings in Henderson, Nevada used in their operations from third-party lessors. Wildfire Lanes, which is 50% owned, owns the land and building in Henderson, Nevada used in its operations. We opened Barley’s in 1996 and purchased The Greens in 2005 and Wildfire Lanes in 2007.

We own 454 acres of developable land comprising six strategically-located parcels in Las Vegas, each of which is zoned for casino gaming and other commercial uses. We also own one additional site that is being positioned for sale. From time to time we may acquire additional parcels or sell portions of our existing sites that are not necessary to the development of additional gaming facilities.

We have completed a variety of expansion and major renovation projects at our properties. From time to time we also renovate portions of our properties, such as hotel rooms and restaurants.

Item 2 of the 10-K filed Feb 20, 2026.5

Leadership

Who has led Red Rock Resorts, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • FE Transportation LLC New York4
  • Fertitta Entertainment LLC Delaware4
  • SC Development 1 LLC Delaware4
  • SC Development 2 LLC Delaware4
  • SC Madera Development, LLC California4
  • SC Madera Management, LLC California4
  • SC Sonoma Development, LLC California4
  • SC Sonoma Management, LLC California4
  • Station Holdco LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Station Casinos Corp.Oct 13, 2015 to Jan 7, 20163

Timeline

  1. Aug 4, 20268-K Results of operations29
  2. Jun 12, 20268-K Executive or director change30
  3. Jun 8, 20268-K Shareholder vote31
  4. Apr 29, 20268-K Results of operations32
  5. Feb 10, 20268-K Results of operations33
  6. Oct 28, 20258-K Results of operations; Other events34
  7. Jul 29, 20258-K Results of operations35
  8. Jun 10, 20258-K Shareholder vote36
  9. May 1, 20258-K Results of operations37
  10. Feb 11, 20258-K Results of operations38
  11. Dec 18, 20248-K Entered a material agreement39
  12. Nov 7, 20248-K Results of operations40

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.68 a share, on Oct 28, 2025.41

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results29
  2. Apr 29, 2026Reported quarterly or annual results32
  3. Feb 10, 2026Reported quarterly or annual results33
  4. Oct 28, 2025Reported quarterly or annual results34
  5. Jul 29, 2025Reported quarterly or annual results35
  6. May 1, 2025Reported quarterly or annual results37
  7. Feb 11, 2025Reported quarterly or annual results38
  8. Nov 7, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

218 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 95 insider forms, 34 large holders, 30 other. The latest 20:

  1. Sep 16, 20263 EDGAR
  2. Sep 2, 20264 EDGAR
  3. Sep 1, 2026144 EDGAR
  4. Aug 13, 20264 EDGAR
  5. Aug 12, 2026144 EDGAR
  6. Aug 10, 20264 EDGAR
  7. Aug 7, 2026144 EDGAR
  8. Aug 7, 202610-Q EDGAR
  9. Aug 4, 20268-K EDGAR
  10. Jun 15, 20264 EDGAR
  11. Jun 15, 20264 EDGAR
  12. Jun 15, 20264 EDGAR
  13. Jun 15, 20264 EDGAR
  14. Jun 15, 20264 EDGAR
  15. Jun 12, 20268-K EDGAR
  16. Jun 8, 20268-K EDGAR
  17. Jun 3, 2026SCHEDULE 13G/A EDGAR
  18. May 28, 20264 EDGAR
  19. May 15, 2026SCHEDULE 13G/A EDGAR
  20. May 7, 202610-Q EDGAR

The 218 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 9 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Welch Jeffrey TEVP and Chief Legal OfficerSale9,000$55.88$502.9KForm 4
Aug 12, 2026Nichols KordEVP & Chief Operating OfficerSale9,791$63.00$616.8KForm 4
Aug 7, 2026KREEGER SCOTTPresidentSale31,159$61.78$1.9MForm 4
Aug 22, 2025Nichols KordEVP & Chief Operating OfficerSale37,075$61.03$2.3MForm 4
Aug 13, 2025Nichols KordEVP & Chief Operating OfficerSale5,250$61.00$320.2KForm 4
Aug 12, 2025Nichols KordEVP & Chief Operating OfficerSale42,325$58.61$2.5MForm 4
Aug 1, 2025Cootey Stephen LawrenceEVP & Chief Financial OfficerSale121,400$60.04$7.3MForm 4
Aug 1, 2025Welch Jeffrey TEVP and Chief Legal OfficerSale56,653$60.23$3.4MForm 4
Aug 6, 2024FERTITTA LORENZO JVice PresidentBuy33,000$52.91$1.7MForm 4
Aug 6, 2024FERTITTA FRANK J IIIChief Executive OfficerBuy67,000$52.91$3.5MForm 4
Aug 5, 2024FERTITTA LORENZO JVice PresidentBuy33,000$49.77$1.6MForm 4
Aug 5, 2024FERTITTA FRANK J IIIChief Executive OfficerBuy67,000$49.77$3.3MForm 4
Aug 2, 2024FERTITTA LORENZO JVice PresidentBuy33,000$51.91$1.7MForm 4
Aug 2, 2024FERTITTA FRANK J IIIChief Executive OfficerBuy67,000$51.91$3.5MForm 4
Aug 1, 2024FERTITTA LORENZO JVice PresidentBuy33,000$54.49$1.8MForm 4
Aug 1, 2024FERTITTA FRANK J IIIChief Executive OfficerBuy67,000$54.49$3.7MForm 4
Jul 29, 2024Nichols KordEVP & Chief Operating OfficerSale49,464$58.00$2.9MForm 4
May 13, 2024FERTITTA FRANK J IIIChief Executive OfficerSale800,000$50.39$40.3MForm 4
May 13, 2024FERTITTA LORENZO JVice PresidentBuy800,000$50.39$40.3MForm 4
Feb 23, 2024Cootey Stephen LawrenceEVP & Chief Financial OfficerSale7,520$57.74$434.2KForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Frank J. Fertitta III64$1.0M$13.3M52
2025Lorenzo J. Fertitta57$500.0K$11.3M52
2025Scott Kreeger60$1.2M$8.6M52
2025Stephen L. Cootey57$953.8K$5.0M52
2025Jeffrey T. Welch64$807.7K$4.3M52
2025Kord Nichols44$807.7K$4.3M52
2024President$1.2M$8.3M52
2024Executive VicePresident,$800.0K$4.0M52
2024Chairman of the Board and CEO$1.0M$3.3M52
2023President$1.2M$8.5M52
2023Chief Financial Officer and Treasurer$800.0K$4.2M52
2023Chief Legal Officer$750.0K$3.9M52
2023Chairman of the Board and CEO$1.0M$3.5M52

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bamco Inc /ny/16,391,131$1.1B1.6%+2,978,285
BlackRock, Inc.7,327,541$476.7M0.0%+120,671
Vanguard Portfolio Management LLC3,436,801$223.6M0.0%−106,542
Fmr LLC2,733,008$177.8M0.0%+851,405
Vanguard Capital Management LLC2,312,057$150.4M0.0%−6,471
State Street Corp1,883,396$122.5M0.0%+21,521
Diamond Hill Capital Management, LLC (Investment Advisor)1,855,878$120.7M1.0%−34,719
Geode Capital Management, LLC1,301,332$84.7M0.0%+30,186
Westfield Capital Management Co LP1,261,559$82.1M0.3%+33,401
Arrowstreet Capital, Limited Partnership1,245,359$81.0M0.0%+145,655
Goldman Sachs Group Inc829,777$54.0M0.0%+149,522
UBS Group AG784,848$51.1M0.0%+461,918
Vaughan Nelson Investment Management, L.P.758,812$49.4M0.4%+107,869
Charles Schwab Investment Management Inc612,637$39.9M0.0%−6,415
Morgan Stanley553,753$36.0M0.0%+38,779
Dimensional Fund Advisors LP496,952$32.3M0.0%+9,414
Ameriprise Financial Inc482,075$31.4M0.0%+27,742
Northern Trust Corp479,059$31.2M0.0%−1,225
Invesco Ltd.445,174$29.0M0.0%−1,798,655
Bank of New York Mellon Corp416,036$27.1M0.0%−6,636
Millennium Management LLC384,235$25.0M0.0%+127,641
Vanguard Fiduciary Trust Co345,102$22.5M0.0%+15,945
Woodline Partners LP327,779$21.3M0.1%+123,885
Capital World Investors312,500$20.3M0.0%No change
Principal Financial Group Inc287,262$18.7M0.0%−371

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Red Rock Resorts, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRed Rock Resorts, Inc.1
  • CIK0001653653
  • Employer ID (EIN)47-50811825
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7011 Hotels & Motels1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1505 South Pavilion Center Drive, Las Vegas, NV 891351
  • Phone70249530001
  • Shares outstanding59,141,028 Common Class A shares; 45,885,804 Common Class B shares as of Feb 9, 20265
  • Public float$2.6B as of Jun 30, 20255
  • AuditorErnst & Young LLP, Las Vegas, Nevada PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceOct 13, 20151
  • Filings502 in all: 4 (177), 8-K (94), SC 13G/A (47), 10-Q (32), 3 (19), SC 13G (15), 144 (13), SC 13D/A (12)1
    All 35 form types

    SCHEDULE 13G/A (12), 10-K (10), DEF 14A (10), DEFA14A (9), CORRESP (8), S-1/A (5), UPLOAD (5), DEFR14A (4), 4/A (3), PX14A6G (3), SC TO-I/A (3), 8-K/A (2), S-1 (2), S-8 (2), SC 13D (2), SCHEDULE 13G (2), 10-Q/A (1), 424B1 (1), 424B3 (1), 8-A12B (1), CERTNAS (1), EFFECT (1), PRE 14A (1), RW (1), S-3ASR (1), SC TO-I (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 23, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, $.01 par valueRRRNASDAQ Stock Market

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Red Rock Resorts, Inc. names in Item 1A of its 10-K filed Feb 20, 2026: 41 risks under these headings, as written.5

  • Any one of the factors discussed below or elsewhere in this report or the cumulative effect of some of the factors referred to herein may result in significant fluctuations in our financial and other operating results. This variability and unpredictability could result in our failure to meet investor expectations for our revenues or other operating results for a particular period. If we fail to meet or exceed such expectations for these or any other reasons, the market price of our common stock could decrease.
  • Business, Economic, Market and Operating Risks
  • We depend on the residents of the Las Vegas regional market and repeat visitors, which subjects us to greater risks than a gaming company with more diverse operations.
  • Our business is sensitive to changes in consumer sentiment and discretionary spending.
  • We face substantial competition in the gaming industry and we expect that such competition will intensify.
  • Our success depends on key executive officers and personnel and our ability to attract and retain employees.
  • We may incur delays and budget overruns with respect to current or future construction projects. Any such delays or cost overruns may have a material adverse effect on our operating results.
  • We may pursue new gaming acquisition and development opportunities and may not be able to recover our investment or successfully expand to additional locations.
  • We require significant capital to fund capital expenditures, pursue proposed development, expansion or acquisition opportunities or refinance our indebtedness.
  • We may not be successful in entering into additional management or development agreements for Native American gaming opportunities.
  • Union organization activities could disrupt our business by discouraging patrons from visiting our properties, causing labor disputes or work stoppages, and, if successful, could significantly increase our labor costs.
  • Work stoppages, labor problems and unexpected shutdowns may limit our operational flexibility and negatively impact our future profits.
The other 30 risks
  • The concentration and evolution of the slot machine manufacturing industry or other technological conditions could impose additional costs on us.
  • We are subject to extensive federal, state and local regulation and governmental authorities have significant control over our operations and any failure to comply with the regulations that govern our operations could have an adverse effect on our business.
  • We are subject to a variety of federal, state and local laws and regulations relating to the protection of the environment and human health and safety. Our compliance with these regulations could have a materially adverse effect on our business, financial condition, results of operations and cash flows.
  • Increased regulation by international, national, state, regional, and local regulatory bodies of greenhouse gas emissions could materially affect our business, financial condition, results of operation and cash flows.
  • Scrutiny and changing expectations from investors, consumers, employees, regulators, and others regarding our environmental, social and governance practices and reporting could cause us to incur additional costs, devote additional
  • resources and expose us to additional risks, which could adversely impact our reputation, customer attraction and retention, access to capital and employee recruitment and retention.
  • We may incur losses that are not adequately covered by insurance, which may harm our results of operations. In addition, our insurance costs may increase as a result of any such losses and we may be unable to obtain similar insurance coverage in the future.
  • We are subject to substantial risk of loss. Certain of our insurance does not fully cover all of our operational risks, and changes in the cost of insurance or the availability of insurance has materially increased and could further materially increase our insurance costs or result in a decrease in our insurance coverage.
  • We may incur impairments to goodwill, indefinite-lived intangible assets, or long-lived assets which could negatively affect our results of operations.
  • Any failure to protect our trademarks could have a negative impact on the value of our brand names and adversely affect our business.
  • Shortages or increases in prices of energy or water may adversely affect our business and our results of operations.
  • Win rates for our gaming operations depend on a variety of factors, some beyond our control, and the winnings of our gaming customers could exceed our casino winnings.
  • We face the risk of fraud and cheating.
  • Failure to maintain the integrity of our internal or customer data, including defending our information systems against hacking, security breaches, computer malware, cyberattacks and similar technology exploitation risks, could have an adverse effect on our results of operations and cash flows, and/or subject us to costs, fines or lawsuits.
  • Risks Related to our Indebtedness
  • We have a substantial amount of indebtedness, which could have a material adverse effect on our financial condition and our ability to obtain financing in the future and to react to changes in our business.
  • Our indebtedness imposes restrictive financial and operating covenants that limit our flexibility in operating our business and may adversely affect our ability to compete or engage in favorable business or financing activities.
  • Despite our current indebtedness levels, we and our subsidiaries may still incur significant additional indebtedness, which could increase the risks associated with our substantial indebtedness.
  • We may not be able to generate sufficient cash to service all of our indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • Risks Related to Our Structure and Organization
  • Red Rock’s only material asset is its interest in Station Holdco and Station LLC. Accordingly, it is dependent upon distributions from Station Holdco to make payments under the tax receivable agreement, pay dividends, if any, and pay taxes and other expenses.
  • Our Principal Equityholders have control over our management and affairs, and their interests may differ from our interests or those of our other stockholders.
  • We are a “controlled company” within the meaning of the rules of NASDAQ and, as a result, qualify for, and intend to rely on, exemptions from certain corporate governance requirements. You will not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • We will be required to pay certain of our pre-IPO owners for certain tax benefits we may claim arising in connection with the reorganization transactions, and the amounts we may pay could be substantial.
  • In certain cases, payments under the TRA may be accelerated and/or significantly exceed the actual benefits, if any, we realize in respect of the tax attributes subject to the TRA.
  • We may not be able to realize all or a portion of the tax benefits that are expected to result from the exchanges of LLC Units and payments made under the TRA itself.
  • General Risks
  • The market price of our Class A common stock could decline upon the exchange of LLC Units by our Continuing Owners.
  • We may not have sufficient funds to pay dividends on our Class A common stock.
  • Anti-takeover provisions and stockholder requirements in our charter documents, provisions of Delaware law and Nevada gaming laws may delay or prevent our acquisition by a third party, which might diminish the value of our Class A common stock. Provisions in our debt agreements may also require an acquirer to refinance our outstanding indebtedness if a change of control occurs, which could discourage or increase the costs of a takeover.
  • Future offerings of debt securities or additional or increased loans, which would rank senior to our common stock upon our bankruptcy or liquidation, and future offerings of equity securities that may be senior to our common stock for the purposes of dividend and liquidating distributions, may adversely affect the market price of our Class A common stock.
  • The share price for our Class A common stock may fluctuate significantly.
  • We are subject to litigation in the ordinary course of our business. An adverse determination with respect to any such disputed matter could result in substantial losses.

Legal proceedings

We and our subsidiaries are defendants in various lawsuits relating to routine matters incidental to our business. No assurance can be provided as to the outcome of such matters and litigation inherently involves significant risks.

The opening of Item 3, Legal Proceedings.5

Sources

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