[3][82] The project would include the addition of a "restaurant row" along the resort building's entrance facing West Charleston Boulevard. Escape to a sensational world with a palm-lined swimming pool, rock … Las Vegas Hotels & Resorts. [71], As of July 2006, groundbreaking had begun on a 72-lane bowling alley,[72] while the hotel expansion opened in January 2007. Station LLC is a gaming, development and management company that develops … Book direct to save! Red Rock Resorts Announces Third Quarter 2020 Results, Red Rock Resorts Announces Third Quarter 2020 Conference Call and Earnings Release Date, California Supreme Court Decision Clears Major Hurdle For Development Of Casino By North Fork Rancheria Of Mono Indians. Red Rock Resorts Inc. [RRR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. The firm … (Benjamin Hager/Las Vegas … We offer convenience and a wide variety of gaming and non-gaming entertainment options to attract guests to our properties. [119][120] Some scenes were also shot at the resort for the 2008 film 21. With this latest performance, RRR shares gained by 14.39% in … Currently there seems to be a trend where stocks in the Consumer Cyclical, Arts, Entertainment, and Recreation sector(s) have been popular in this period. Traded as: NASDAQ: RRR (Class A) Russell 2000 Component: Founded: April 26, 2016; 4 years ago () Website: redrockresorts.com: Station Casinos is an American hotel and casino gaming company based in the Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, … Statutory earnings performance was … Red Rock Resorts, Inc. (NASDAQ:RRR) went up by 3.49% from its latest closing price when compared to the 1-year high value of $27.91 and move down -100.5%, while RRR stocks collected 27.01% of gains with the last five trading sessions. ... For reservations, please call 866-662-ROCK… [36] Station Casinos stated that the redesign would increase the project's $400 million cost,[37] with a price between $450 million and $475 million. We also control seven highly desirable gaming-entitled development sites consisting of approximately 428 acres in Las Vegas and Reno, Nevada. Red Rock Resorts, Inc. (NASDAQ:RRR) showed a performance of 19.55% in past 30-days. [125] In April 2006, the Clark County Commission unanimously granted zoning approval to Charleston Station LLC – mostly owned by Station Casinos – to build the condominium project, despite some citizens' opposition to its height. [6][16] The project would require an exemption from county officials, as the land was only zoned for towers up to 100 feet (30 m). [119] By August 2008, the resort had been the filming location for segments of The Late Late Show with Craig Ferguson and episodes of The Real Housewives of Orange County, as well as Rock of Love with Bret Michaels. [73][66] An expansion to the resort's spa was also planned to open in early 2007, along with the new hotel rooms. [22][23] In late October 2003, Station Casinos held an event to educate residents about the project and to answer questions. A compromise was ultimately reached in January 2004, reducing the hotel tower to 198 feet while removing the timeshare aspect entirely. See insights on Red Rock Resorts including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [27] Opposition groups sent recorded phone messages to more than 200,000 southern Nevada residents urging against the project,[28] and rallies supporting and opposing the project were held in November 2003. [19], The Culinary Workers Union, along with environmental organizations Sierra Club and The Conservation Fund, joined opponents of the project, stating that the tower would ruin the nearby views. The county had also received over 3,200 emails and letters, with approximately 100 of them in support of the project. Red Rock Resorts Inc. (RRR) full year performance was 0.84%. Wall Street analysts have assigned a consensus price target of $25 to the … Red Rock Resort, Casino & Spa. [53][58][59][60] Employees underwent six weeks of pre-opening training to ensure preparedness for the public opening. [31][32], Station Casinos stated that a 300-foot tower was necessary to ensure that guests would have unobstructed views of the Las Vegas Strip in the event that previously approved office towers would be built nearby the project. [76][77] After winning the 2010 Nevada gubernatorial election, Brian Sandoval celebrated his victory at the Red Rock Resort. It is owned and operated by Station Casinos on 59.43 acres (24.05 ha)[2] located in the Downtown Summerlin neighborhood. [53] Station Casinos planned to hire 2,600 people for the Red Rock Resort, with approximately half of them expected to be transferred employees from the company's other local properties. Therefore, it might be upsetting for shareholders if the CEO were paid generously. [116][117] The winner of the contest was a 25-year-old sous chef from New York named Heather West, but Red Rock management instead decided to give her a position suitable to her skills: senior chef at Terra Rossa, the resort's Italian restaurant. Dimension Capital Management LLC acquired a new stake in Red Rock Resorts, Inc. (NASDAQ:RRR) during the third quarter, according to its most recent Form 13F filing with the SEC. [79] After winning the 2012 Nevada caucus, U.S. presidential candidate Mitt Romney held a victory party and speech at the resort. Hard Rock Hotel® is equal parts family-friendly fun and rock god heaven. [39][40] A groundbreaking ceremony was held for the resort on April 15, 2004, with an opening scheduled for early 2006. Restaurants were operated and each hotel room was occupied three different times during the six-week period. Unrivaled art. [109] In 2013, the Academy of Country Music named Red Rock Resort as the Casino of the Year for hosting many country singers during 2012. The rise was fueled by a 39% increase in adjusted EBITDA. Welcome to new Vegas. Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2020. [3] Lucille's Smokehouse opened at the resort in 2013, and it also provided easy customer access similar to the Yard House restaurant. [61], Station Casinos hosted 3,800 special guests at the resort on the night of April 18, 2006, prior to the public unveiling at midnight. With a three year total loss of 21% for the shareholders, Red Rock Resorts, Inc. would certainly have some dissatisfied shareholders. The project initially was to include a 23-story, 300-foot hotel tower with 1,000 rooms, as well as timeshare buildings that would be added in a future phase. Red Rock Resorts, Inc. (NASDAQ:RRR) closed at $23.93 on the last trading session with an decrease of -2.8%, whereas, it previously closed at $24.62. We began operations in 1976 with a 5,000 square foot casino featuring 100 slot machines and have grown through development and acquisitions to become a premier provider of gaming and entertainment for residents of the Las Vegas regional market and visitors. Red Rock Resorts, Inc. RRR is a provider of gaming and entertainment that could be an interesting play for investors. Press Release reported on 08/18/20 that Station Casinos offers “Cashless Gaming” with “PlayOn” at Las Vegas Properties 1505 S. PAVILION CENTER DR. LAS VEGAS, NV 89135 SIGN UP FOR RRR NEWS. Get Red Rock Resorts Inc (RRR:NASDAQ) real-time stock quotes, news and financial information from CNBC. Red Rock Resort was Station Casinos' most expensive property, built at a cost of $925 million, including a hotel expansion that opened in 2007. At the resort, the cylinders each contained $500 and were attached to 10 different slot machines as part of a field test, which was viewed favorably by customers. Press Release reported on 10/27/20 that Red Rock Resorts … [5] The condominium project had been scheduled for groundbreaking around October 2006,[129] but was ultimately cancelled. [8] Station Casinos tentatively referred to the project as Charleston Station. The company had until October 2002 to purchase the property for a total of $65 million. [41][42] Perini Building Company was the general contractor for the project,[43][44] which was designed by Portland-based Architropolis, Las Vegas-based The Friedmutter Group, and SADI. The sportsbook included bar service, as well as food service from the adjacent Turf Grill. [17][18] Because of the opposition, Station Casinos delayed its request for approval from the Clark County Planning Commission, giving the company time to pitch the project to opponents. 1505 S Pavilion Center Dr. The entrance to Red Rock Resort's Christmas-themed popup bar Merry Crimson on Monday, Nov. 23, 2020, in Las Vegas. The company traded shares of 963633 on the trading day while its three month average volume stands at 1.16 Million. [3], In February 2014, the resort's Hachi restaurant was closed as part of a routine refreshing of dining options. [126], A sales center for the project was opened inside the Red Rock Resort. Red Rock Resorts is not the only stock that insiders are buying. Mr. Cootey joined the Company in March 2017 and served as Executive Vice President and Chief Administrative Officer prior to assuming his current role. [16][33] After weeks of negotiations, Station Casinos and Summerlin residents compromised on a 198-foot (60 m) hotel tower and the complete removal of the timeshare buildings. According to present data Red Rock Resorts Inc - Class A's RRR shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). [103][104] At that time, Cherry consisted of 13,000 sq ft (1,200 m2), including an outdoor area with a pool, known as Cherry Pool during the summer. Our Las Vegas portfolio includes ten major gaming and entertainment facilities and ten smaller casinos (three of which are 50% owned), offering approximately 22,250 slot machines, 450 table games and 4,000 hotel rooms. Mr. Fertitta also served as President of Station LLC from January 2011 to … Red Rock Resorts has 14,000 employees at their 1 location and $1.86 B in annual revenue in FY 2019. Visit The Palms. It would be Station Casinos' largest and most expensive resort, and would compete against the nearby Suncoast and Rampart casinos. It is Station Casinos' flagship property,[3][4] and the company's corporate headquarters is located on the property.[5]. The resort's design includes blown glass, polished sandstone, and 5,400 sq ft (500 m ) of multicolored onyx imported from India and Italy. Leading gaming, development and management company Red Rock Resorts sees its Relative Strength Rating move into the elite 90-plus level. Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. [97] It closed in December 2017, when it was announced that Scott Conant would open a new restaurant, Masso Osteria, in its place with a scheduled opening in February 2018. Station Casinos, which had been surprised by the opposition, noted that the property had been zoned for gaming for more than a decade prior. Red Rock guests will be able to play their favorite machines, select table games (excluding live poker), bingo, and keno and also includes outdoor gaming poolside and sports book wagering. The resort has a modern design with a desert-themed influence. Differnt by Design. There were also plans to renovate the 25,000 sq ft (2,300 m2) spa, as well as 26 hotel suites. The 52 week high of Red Rock Resorts, Inc. (NASDAQ:RRR) is placed at 27.91 and 52 week low is standing at 2.76. [9] At a cost of approximately $4,000, Culinary and the Sierra Club mailed fliers to more than 10,000 residents, urging them to tell the Clark County Commission to reject the 300-foot tower. Red Rock Resort, Grove: See traveler reviews, candid photos, and great deals for Red Rock Resort, ranked #8 of 8 specialty lodging in Grove and rated 1 of 5 at Tripadvisor. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. Station Casinos agreed to reduce its timeshare towers to 100 feet, removing 250 rooms from the project. Red Rock Resorts, Inc. is a gaming, development and management company. Several other hedge funds also recently modified their holdings of the stock. The resort includes a 118,309 sq ft (10,991.3 m2) casino, a 796-room hotel, a 3-acre (1.2 ha) pool area, a spa, 94,000 sq ft (8,700 m2) of meeting space, and a 16-screen movie theater. Most relevant news about RED ROCK RESORTS, INC. 12/09: Deutsche Bank Adjusts Red Rock Resorts PT to $29 From $24, Maintains Buy Rati.. MT [6][14] Like its recent Green Valley Ranch resort, Station Casinos planned for the Red Rock Station to target upscale tourists and local residents as its primary clientele. A total of 4,000 people spent time at the resort during the final week before the public opening, and a total of 100,000 meals had been served during the six-week pre-opening period. [22] Several days later, the Clark County Planning Commission approved the 300-foot tower. About us ACCOMMODATION The project was announced in July 2002 and is named after the nearby Red Rock Canyon National Conservation Area. Construction was expected to take approximately 15 months, with a cost of more than $300 million. [81], In April 2014, plans were announced for a six-month, $35 million expansion that was scheduled to be complete by October 2014. [68] The 87,000 sq ft (8,100 m2) casino featured 62 gaming tables,[67] including a 20-table poker room. Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2020 on Tuesday, August 4, 2020 and will hold a conference call on the same day at 4:30 p.m. A condominium on the property was still in consideration, as Station Casinos believed it to be a viable concept; approximately 3,000 people had previously expressed interest in the project at its preview center. During the third quarter the... Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the third quarter 2020 on Tuesday, October... As previously announced by the North Fork Rancheria of Mono Indians (the "Tribe"), Red Rock Resorts, Inc. ("Red Rock Resorts" or "we") is pleased to confirm that the August 31 decision of the... Red Rock Resorts [36] The project was topped off on March 24, 2005, at which point it was known as Red Rock Resort Spa Casino. [30] That month, the Clark County Commission delayed a vote on the project until January 2004, while telling opponents and supporters to work on a compromise ahead of the vote. Find 13 listings related to Red Rock Hotel Casino in Orlando on YP.com. [101][102] The Cherry nightclub reopened in June 2009, after a remodeling that included the addition of a stage. Mr. Fertitta has also served as CEO of Station LLC since June 2011 and served as a member of Station Holdco’s board of directors from June 2011 until Station Holdco became member managed in connection with the IPO. [38], The Red Rock resort was built in what would eventually become Downtown Summerlin. Just like the striking sandstone canyons we call home, accommodations at Red Rock Resort are grand, inspiring, and unlike anything else you’ll find in our valley. 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