[47][48] As of January 2005, the resort was expected to cost $475 million. Going further back, the stock’s price has tanked 52.15% over the last 6 months but is up 0.38% in year-to-date trading. Red Rock Resorts is not the only stock that insiders are buying. 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. [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. A compromise was ultimately reached in January 2004, reducing the hotel tower to 198 feet while removing the timeshare aspect entirely. [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. Most of our major properties are master-planned for expansion, enabling us to incrementally expand our facilities as demand dictates. The firm … [119] Rapper Nelly's music video for "Body on Me" was also shot at the resort in 2008. Restaurants were operated and each hotel room was occupied three different times during the six-week period. Sign up to receive the latest information from Red Rock Resorts. [107] During 2012, the resort's outdoor amphitheater had grown to nearly 10,000 seats, becoming one of the largest concert venues in Las Vegas. Despite the increased height, the towers would be built on land that was 29 feet lower in elevation from the hotel tower, making them no taller than the hotel's rooftop. E-mail Us or Call 702.495.3550. [6] 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. [101][102] The Cherry nightclub reopened in June 2009, after a remodeling that included the addition of a stage. [119][120] Some scenes were also shot at the resort for the 2008 film 21. Leading gaming, development and management company Red Rock Resorts sees its Relative Strength Rating move into the elite 90-plus level. [91][92] The Yard House opened at the resort in 2010, and its primary entrance was accessible from the resort's parking lot, while a second entrance was located inside the casino. Red Rock Resorts, Inc.’s shares saw a change of -8.23% in year-to-date performance and have moved 10.23% in past 5-day. [45] In May 2004, the Red Rock Station passed the Clark County Commission's design review without opposition. [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. [79] After winning the 2012 Nevada caucus, U.S. presidential candidate Mitt Romney held a victory party and speech at the resort. [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. [9] That month, Station Casinos announced plans to build a then-unnamed hotel-casino on the property. [78] During late 2011, the Red Rock Resort was the only casino in Nevada to offer the "Bonus Box," the name used for cylindrical containers attached to slot machines that dispense prizes to gamblers. A six-month, $35 million expansion was announced in 2014, and included the addition of several new restaurants. Facebook; Twitter; Instagram; Youtube; Get Red Rock Resorts Mail ; … Several other hedge funds also recently modified their holdings of the stock. JOIN NOW. [5] The condominium project had been scheduled for groundbreaking around October 2006,[129] but was ultimately cancelled. [39][40] A groundbreaking ceremony was held for the resort on April 15, 2004, with an opening scheduled for early 2006. Uncompromising service. However, decline in traffic due to the coronavirus outbreak is concerning. Presently, Red Rock Resorts … [56], A survey prior to the opening showed only minimal neighborhood opposition to the resort. [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. 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. Book direct to save! [53][86] The resort's design includes blown glass, polished sandstone, and 5,400 sq ft (500 m2) of multicolored onyx imported from India and Italy. The redesigned project was unanimously approved by the Clark County Commission in January 2004,[34][35] with approval to build up to 1,000 rooms. 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. Station Casinos agreed to reduce its timeshare towers to 100 feet, removing 250 rooms from the project. By the time of the announced expansion, the hotel lobby and the resort's Lucky Bar had already been remodeled. Set amidst the spectacular beauty of the magnificent red rock formations surrounding Sedona; Escape to the Hilton Sedona Resort at Bell Rock where filling the … The upcoming opening of the nearby Downtown Summerlin mall prompted the resort's renovation project. [23] In subsequent negotiations, Station Casinos was willing to decrease the 300-foot tower to 268 feet (82 m), while opponents would support nothing above 130 feet (40 m). Red Rock Resorts Inc. (NASDAQ:RRR) went down by -2.64% from its latest closing price compared to the recent 1-year high of $27.91. The resort has a modern design with a desert-themed influence. About us ACCOMMODATION It was the first time that the union had teamed up with an environmental group to become involved in an environmental issue. We also control seven highly desirable gaming-entitled development sites consisting of approximately 428 acres in Las Vegas and Reno, Nevada. 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, … We have developed approximately $6 billion of regional gaming and entertainment destinations in multiple jurisdictions. [65][67] The resort also features numerous chandeliers in various shapes and sizes, containing three million pieces of crystal. [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. Station Casinos executives Frank Fertitta III and his brother Lorenzo Fertittachose to include the chandeliers, having been … 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. FOLLOW AND SHARE. [98], When the resort opened, it featured Rande Gerber's 8,500 sq ft (790 m2) Cherry Nightclub, which included a seven-foot sculpture of red cherries created by Takashi Murakami. [57] Selected audiences were allowed to tour the resort in March and April 2006, prior to its opening. Nearly 250 people attended the event,[24] which received a mixed reaction of opposition and support. It is Station Casinos' flagship property,[3][4] and the company's corporate headquarters is located on the property.[5]. [3][82] Planned as part of the new restaurant row was the Hearthstone Kitchen & Cellar, to be operated by The Light Group in the 5,400 sq ft (500 m2) space formerly occupied by Hachi. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. [117][118] Portions of the show were filmed at the resort. Mr. Cootey has served as Executive Vice President, Chief Financial Officer and Treasurer of Red Rock since May 2017. [7][8], Station Casinos expected to complete its purchase of the land by June 2003, with construction scheduled to begin late that year or in early 2004. [100][113][114] A dance show titled Alice: A Steampunk Concert Fantasy, based on the books Alice in Wonderland and Through the Looking-Glass, began at the Rocks Lounge in July 2017. 1505 S Pavilion Center Dr. Unrivaled art. [53][58][59][60] Employees underwent six weeks of pre-opening training to ensure preparedness for the public opening. 07/23: RED ROCK RESORTS: Announces Second Quarter 2020 Conference Call and Earnings Re.. PR. Hard Rock Hotel® is equal parts family-friendly fun and rock god heaven. Mr. Cootey has served as Executive Vice President, Chief Financial Officer and Treasurer of Red Rock since May 2017. Red Tail brings a Western twist to the English gastro pub offering traditional tap house fare using local, sustainable products. Red Rock Resorts Inc. (RRR) full year performance was 0.84%. It is owned and operated by Station Casinos on 59.43 acres (24.05 ha)[2] located in the Downtown Summerlin neighborhood. [3] Lucille's Smokehouse opened at the resort in 2013, and it also provided easy customer access similar to the Yard House restaurant. 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. Cloobeck Molasky requested arbitration on the matter in July 2006, as well as damages from Station Casinos. [5][127] The project was known as Red Rock Residences and The Residences at Red Rock. [128][129][130] Station Casinos dissolved the partnership with Cloobeck and Molasky in June 2006, and planned to develop the project on its own, with completion expected by 2008. Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. [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 expansion and rising construction costs increased the project's estimated cost to $800 million, which would make it the most expensive locals casino ever built in Las Vegas. The company has a market capitalization of $2.76 Billion. [3] Salute, a 4,000 sq ft (370 m2) Italian restaurant,[96] opened in the restaurant row in September 2015. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. Get Red Rock Resorts Inc (RRR:NASDAQ) real-time stock quotes, news and financial information from CNBC. The towers would be under 190 feet and would include 300 units each for a total of 600. 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. [71], As of July 2006, groundbreaking had begun on a 72-lane bowling alley,[72] while the hotel expansion opened in January 2007. 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. Performance wise the shares of Red Rock Resorts, Inc. (NASDAQ:RRR) … The expansion was scheduled to begin in late 2005, with completion expected by late 2006. [88], The Red Rock opened with a total of nine restaurants, including T-Bones Chophouse and the Feast Buffet. Offering amazing views of the mountain and located on the Ski Beach in the Resort Village, Red Tail Grill features an innovative gastropub menu served in a rustic setting. ", we're more than just America's largest indoor waterparks - we're also authentically-African themed resorts… RED ROCK RESORTS, INC. : Conseils boursiers, analyses et recommandations des brokers pour de l'action RED ROCK RESORTS, INC. | RRR | Nasdaq Red Rock Resorts has 14,000 employees at their 1 location and $1.86 B in annual revenue in FY 2019. The company’s stock price has collected 0.82% of gains in the last five trading sessions. [3] In August 2015, the sportsbook removed a handful of projectors, used since the 2006 opening, and replaced them with an LED video wall measuring 18 feet high and 96 feet long. [17][29] By December 2003, a county voice mailbox had received 591 recorded messages since September, with 494 of the messages from opponents of the project or its tower; 97 of the messages were from supporters. [54][55] More than 100,000 people applied for jobs at the resort during 2005. 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. The resort also features numerous chandeliers in various shapes and sizes, containing three million pieces of crystal. Station LLC is a gaming, development and management company that develops … 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 … Red Rock Resorts' (RRR) focus on Palace Station and Palms redevelopment projects bodes well. Mr. Fertitta also served as President of Station LLC from January 2011 to … [81], In April 2014, plans were announced for a six-month, $35 million expansion that was scheduled to be complete by October 2014. The chandeliers cost over $6 million. [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). [6][14] Opponents also believed that the 1,500-room count was too much for the nearby residential area. [85] The resort has a modern design with a desert-themed influence. Red Rock Resorts, Inc. (NASDAQ:RRR) went down by -1.89% from its latest closing price compared to the recent 1-year high of $27.91. [67][89][90] The resort also included a seven-tenant food court. It provides gaming … Press Release reported on 10/27/20 that Red Rock Resorts … Sell-side analysts expect that Red Rock Resorts will post -0.41 earnings per share for the current fiscal year. At the Red Rock Resort, the emphasis is on comfort and relaxation as well as giving you the privacy that’s so important, while always being available to attend to your needs. With a three year total loss of 21% for the shareholders, Red Rock Resorts, Inc. would certainly have some dissatisfied shareholders. Statutory earnings performance was … For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. [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. Red Rock Resorts, Inc. is a holding company that manages and owns an equity interest in Station Casinos LLC. [1], By July 2005, the project's cost had increased to $925 million as a result of increased construction costs and design changes. RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 47-5081182 (I.R.S. Sales were expected to begin in spring 2006. 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. [8] Station Casinos tentatively referred to the project as Charleston Station. [76][77] After winning the 2010 Nevada gubernatorial election, Brian Sandoval celebrated his victory at the Red Rock Resort. [22] Several days later, the Clark County Planning Commission approved the 300-foot tower. The sportsbook included bar service, as well as food service from the adjacent Turf Grill. [74][75], In 2007, U.S. presidential candidate Rudy Giuliani held a campaign fundraiser at the resort. Former Nevada governor and U.S. senator Richard Bryan attended the opening, as did Andre Agassi and officials from rival casino companies. [93][94] The resort's 2014 expansion was the reason for the closings. Mr. Cootey joined the Company in March 2017 and served as Executive Vice President and Chief Administrative Officer prior to assuming his current role. Press Release reported on 08/04/20 that Red Rock Resorts Announces Second Quarter 2020 Results Number of shares sold short was 3.55 Million shares which calculate 2.57 days to cover the short interests. The project was announced in July 2002 and is named after the nearby Red Rock Canyon National Conservation Area. The hotel tower is the second tallest building in Summerlin after One Queensridge Place. [5] The $31 million bowling alley, the most expensive in the world, opened in 2007, and included various amenities including a bar. Therefore, it might be upsetting for shareholders if the CEO were paid generously. We offer convenience and a wide variety of gaming and non-gaming entertainment options to attract guests to our properties. [115], The second season of Hell's Kitchen, aired in 2006, offered the winner the executive chef position at T-Bones Chophouse. [127] Cloobeck accused Station Casinos of attempting to "hijack" the project. [66], The resort opened with 415 hotel rooms, approximately half of its final room count. [112] Zowie Bowie, a cover band, performed at the Rocks Lounge for nearly 10 years, from the resort's opening until January 2016. We are a leading gaming, development and management company operating 21 strategically-located casino and entertainment properties. 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. This is the perfect gathering spot for family-friendly dining with its outdoor deck on the Ski Beach and Canyons Golf. 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