secwatch.observer — SEC 8-K summary
======================================

Issuer:     Red Rock Resorts, Inc. (RRR)
CIK:        0001653653
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017904
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Rock Resorts Q1 revenue up 8% to $433.6M; net income down 7.3% to $85.5M
----------------------------------------------------------------------------

- Net revenue $433.6M (+8.0% YoY); Las Vegas operations revenue $430.0M (+7.6%).
- Adjusted EBITDA $194.2M (+8.6% YoY); Las Vegas ops EBITDA $214.1M (+8.0%).
- Net income $85.5M, down 7.3% from $92.2M in Q1 2022.
- Cash $107.7M; total debt $3.1B; quarterly dividend $0.25/share payable June 30, 2023.
- Station Holdco distribution of $0.25/unit; ~$15.6M to RRR, ~$11.5M to other holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653653/000095017023017904/0000950170-23-017904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653653/000095017023017904/rrr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017904

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer