secwatch.observer — SEC 8-K summary
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Issuer:     Red Rock Resorts, Inc. (RRR)
CIK:        0001653653
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001193125-21-361188
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Rock Resorts completes $650M sale of Palms Casino Resort to SMGHA Nevada
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- Closed sale of Palms Casino Resort and Palms Place in Las Vegas on Dec 17, 2021.
- Aggregate cash consideration of $650M, net proceeds ~$641M after transaction costs and working capital adjustments.
- Pro forma net income for nine months ended Sep 30, 2021: $104.5M vs as-reported $93.2M.
- Pro forma net loss for year ended Dec 31, 2020: $91.6M vs as-reported $150.4M loss.
- Sale includes elimination of $656.6M in assets held for sale from balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521361188/0001193125-21-361188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521361188/d231599d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-361188

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