Red Rock Resorts Announces Second Quarter 2017 Conference Call, Earnings Release Date and Quarterly Dividend
LAS VEGAS, Aug. 04, 2017 (GLOBE NEWSWIRE) -- 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 2017 on Tuesday, August 8, 2017 and will hold a conference call on the same day at 4:30 p.m. Eastern Time. The conference call will consist of prepared remarks from the Company and will include a question and answer session.
To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. Eastern Time at (877) 793-4361. For those of you dialing in internationally, your dial in number is (615) 247-0185. A live audio webcast of the call will also be available at http://www.redrockresorts.com/.
A replay of the call will be available through August 15, 2017 at http://www.redrockresorts.com/ or by dialing in at (855) 859-2056 or internationally at (404) 537-3406 using conference ID: 57047239.
Quarterly Dividend
The Company also announced that the Company’s Board of Directors has declared a cash dividend of $0.10 per Class A common share for the third quarter of 2017. The dividend will be payable on August 31, 2017 to all stockholders of record as of the close of business on August 15, 2017.
Prior to the payment of such dividend, Station Holdco LLC (“Station Holdco”) will make a cash distribution to all unit holders of record, including the Company, of $0.10 per unit for a total distribution of approximately $11.6 million, approximately $6.8 million of which is expected to be distributed to the Company and approximately $4.8 million of which is expected to be distributed to the other unit holders of record of Station Holdco.
About Red Rock Resorts
Red Rock Resorts manages and owns a significant indirect equity interest in Station Casinos LLC (“Station”). Station is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station’s properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Palms Casino Resort, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Fiesta Rancho Casino Hotel, Fiesta Henderson Casino Hotel, Wildfire Rancho, Wildfire Boulder, Wild Wild West Gambling Hall & Hotel, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem and Wildfire Lake Mead. Station also owns a 50% interest in Barley’s Casino & Brewing Company, Wildfire Casino & Lanes and The Greens. In addition, Station is the manager of Graton Resort & Casino in northern California and owns a 50% interest in MPM Enterprises, L.L.C., which is the manager of Gun Lake Casino in southwestern Michigan.
Investors:
Red Rock Resorts
Daniel Foley, 702-495-3550
investorrelations@redrockresorts.com
or
Media Contacts:
Red Rock Resorts
Lori Nelson, 702-495-4248
Lori.Nelson@StationCasinos.com
