In 2019, Red Rock Resorts saw a small loss of $-2.4 million on a revenue base of $1.9 billion. "So far we're very pleased with results that we've had, the ability to move some of the play from the closed properties to our existing properties, and we're going to continue to try to get clarity and navigate the situation to make well-informed decisions," Fertitta said, "but whatever decisions we make will be in the best interest of shareholder value. Hours of Operation. LAS VEGAS (FOX5) -- Red Rock Resort is getting into the holiday spirit this year with a "larger-than-life" gingerbread hotel designed to look like the property and a holiday-themed pop-up bar. About 1.13 million shares traded hands on 9,729 trades for the day, Red Rock Resorts' grim earnings report follows similar news from Las Vegas competitors. Red Rock Resorts 1505 S Pavilion Center Dr. Las Vegas, NV 89135. Station Casinos had closed 20 properties in Southern Nevada for almost three months following Gov. Facebook; Twitter; Instagram; Youtube; Get Red Rock Resorts Mail ; … FOLLOW AND SHARE. 509-795-2021 / 208-714-0511. Meanwhile, Red Rock's net loss for the quarter climbed to $118.4 million from $7.1 million during the second quarter of 2019. Nestled amongst the gateway to Red Rock Canyon and yet just 10 short miles from the Strip, Red Rock Resort offers the best of both worlds. Video: 'Bar Rescue' host Jon Taffer on new safety measures implemented at Las Vegas casinos and hotels (FOX News), "So far, we're very pleased with results that we've had, the ability to move some of the play from the closed properties to our existing properties, and we're going to continue to try to get clarity and navigate the situation to make well-informed decisions," Fertitta added. Sign up to receive the latest information from Red Rock Resorts. Connect with friends faster than ever with the new Facebook app. Like us on Facebook to see similar stories, Utah monolith: Several explorers found its location, deep in the desert, Shanghai marathon defies coronavirus with 9,000 runners. Red Rock Resort is a hotel and casino in Summerlin South, Nevada, located in the Las Vegas Valley.It is owned and operated by Station Casinos on 59.43 acres (24.05 ha) located in the Downtown Summerlin neighborhood. Zillow has 26 homes for sale in Las Vegas NV matching Red Rock Mountains. "I've never felt more gloomy than I do today about what's happening in Las Vegas.". SIGN UP FOR RRR NEWS. Las Vegas Sands reported a second quarter loss of $985 million due to the coronavirus pandemic — down 97.1% from last year. “We don’t know if – or when – we’re going to reopen any of the closed properties,” Fertitta said. ", News:Atlantis becomes first Reno casino to remake all-you-can-eat dining. These Las Vegas Resorts Could Be Closed for Good Because of COVID-19. A sustained shutdown of MGM Resorts properties in the wake of … Red Rock Resorts, Inc. RRR is likely to benefit from its Las Vegas operations. Gov. Red Rock Resorts (RRR) second-quarter top line impacted by temporary closure of properties due to the coronavirus outbreak. Red Rock Resorts Inc. (RRR) had a good day on the market for Tuesday November 24 as shares jumped 4.7% to close at $22.73. Liberty Lake, WA 99019. Meanwhile, Red Rock's net loss for the quarter climbed to $118.4 million from $7.1 million during the second quarter of 2019. Steve Sisolak’s sweeping shutdown order in March. E-mail Us or Call 702.495.3550. Red Rock Resorts reported net second quarter revenues of $108.5 million – a drop of 77.5% from the $482.9 million collected in the same quarter of 2019. "We're in a world of hurt here in terms of Las Vegas," Las Vegas Sands President and COO Rob Goldstein said in an earnings call. Then support local journalism by subscribing to the Reno Gazette Journal right here. It is Station Casinos' flagship property, and the company's corporate headquarters is located on the property. Like its Las Vegas competitors, including MGM Resorts International, this COVID-19 shutdown devastated Red Rock's business. Despite this, it managed to generate nearly $317 million in … Citing the disappearance of convention business on The Strip, Las Vegas Sands reported second quarter loss of almost $1 billion. Steve Sisolak and the Nevada Gaming Control Board allows resorts … Monday - Friday 9:00 a.m. to 5:00 p.m. InvestorRelations@RedRockResorts.com OFFICE 702.495.3550. JOIN NOW. Red Rock Property Management. LAS VEGAS – There’s a chance four Station Casino resorts in Southern Nevada have closed for good. "We don’t know if—or when—we’re going to reopen any of the closed properties. We think it’s too early to make that decision at this time," Frank Fertitta III, CEO of Station Casinos' parent company Red Rock Resorts, said during the company's second-quarter 2020 earnings call on Tuesday via the Reno Gazette-Journal. Box 422. “We think it’s too early to make that decision at this time.”. Meanwhile, Red Rock's net loss for the quarter climbed to $118.4 million from $7.1 million during the second quarter of 2019. Red Rock Resorts' grim earnings report follows similar news from Las Vegas competitors. The company reported net revenues of $108.5 million for the second quarter of 2020, a 77.5 percent decline from $482.9 million for the same period last year. writes about Las Vegas for the Reno Gazette Journal and USA Today Network. Show full articles without "Continue Reading" button for {0} hours. Sisolak:Nevada to take 'more strategic, aggressive approach' in each county to reduce COVID. Founded by Laurance Rockefeller more than 50 years ago, RockResorts honors Rockefeller's vision of creating exceptional resorts that reflect and protect the essence of their inspiring destinations. Caesars Entertainment will report second quarter results on Thursday afternoon. RockResorts features a variety of luxury hotels at Colorado and Utah's best ski resorts. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. While Red Rock Casino, Resort and Spa, Green Valley Ranch, Santa Fe Station, Boulder Station, Palace Station, Sunset Station and Wildfire have all reopened, Texas Station, Fiesta Henderson, Fiesta Rancho and Palms Casino Resort remain closed nearly five months after the coronavirus crisis prompted Sin City to shutdown. Frank Fertitta III, CEO of Station's parent company Red Rock Resorts, revealed in an earnings call Tuesday the company is uncertain whether Texas Station, Fiesta Henderson, Fiesta Rancho and the off-Strip Palms will reopen in the wake of COVID-19. A sustained shutdown of MGM Resorts properties in the wake of COVID-19 contributed to a second quarter operating loss of $1 billion. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Revenues at Red Rock’s Las Vegas properties alone dropped $356.7 million year over year. "But whatever decisions we make will be in the best interest of shareholder value.". 1505 S. PAVILION CENTER DR. LAS VEGAS, NV 89135 Before deciding whether to reopen the properties, Red Rock’s Chief Financial Officer Stephen Cootey said the company must learn whether data shows healthy demand at reopened resorts. In the second quarter of 2019, the company recorded a loss of $7.1 million. P.O. 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