About the Company
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. It is Station Casinos' flagship property, and the company's corporate headquarters is located on the property.The project was announced in July 2002 and is named after the nearby Red Rock Canyon National Conservation Area. 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. In October 2003, the project received opposition from people who believed that it would harm the quality of life for Summerlin residents and that it would destroy the views of Red Rock Canyon. A compromise was ultimately reached in January 2004, reducing the hotel tower to 198 feet while removing the timeshare aspect entirely. Groundbreaking began in April 2004, and the resort was topped off in March 2005, before opening on April 18, 2006, as the second casino in Summerlin. Red Rock Resort was Station Casinos' most expensive property, built at a cost of $925 million, including a hotel expansion that opened in 2007. A separate $65 million expansion also occurred during 2006, and included a $31 million bowling alley, the most expensive in the world. A six-month, $35 million expansion was announced in 2014, and included the addition of several new restaurants. 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. The hotel tower is the second tallest building in Summerlin after One Queensridge Place.
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Latest $RRR News
Critical Insights From Red Rock Resorts Analyst Ratings: What You Need To Know
Insights from analysts' 12-month price targets are revealed, presenting an average target of $61.75, a high estimate of ...
Here's Why You Should Retain Red Rock Resorts (RRR) Stock Now
Red Rock Resorts, Inc. RRR will likely benefit from solid Las Vegas operations, strong visitation and the Durango project.
Red Rock Resorts Inc Class A
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Expert Outlook: Red Rock Resorts Through The Eyes Of 12 Analysts
All You Need to Know About Red Rock Resorts Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically located ...
Red Rock Resorts, Inc. (NASDAQ:RRR) Shares Could Be 47% Below Their Intrinsic Value Estimate
Using the 2 Stage Free Cash Flow to Equity, Red Rock Resorts fair value estimate ... US$60.85 Does the March share price for Red Rock Resorts, Inc. (NASDAQ:RRR) reflect what it's really worth?
RRR Red Rock Resorts, Inc.
* EPS estimates are GAAP unless otherwise noted.
Red Rock Resorts Inc. Cl A
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
Red Rock Resorts Inc (RRR)
Deutsche Bank (DE:DBKGn) analyst Carlo Santarelli reiterated a Buy rating on Red Rock Resorts (NASDAQ:RRR) Inc on Thursday, setting a price target of $56, which is approximately... Deutsche Bank ...
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