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Red Rock Resorts Reports Mixed Q2, Vegas Non-Gaming Revenues Up 3.8%

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Red Rock Resorts Plc (NASDAQ: RRR) shares are trading slightly lower after hours as the company reports mixed results for the second quarter. EPS came in at $0.01 versus estimates for $0.37. Sales hit $351.5 million versus estimates of $349.99 million.

Cash stands at $251.4 million and total outstanding debt during Q2 was $2.26 billion.

Las Vegas revenues increased $7.4 million or 2.3 percent to $322.9 million. Gaming revenues rose 1.8 percent and non-gaming revenues rose 3.8 percent.

Executive VP, CFO, and Treasurer Marc Falcone said, "the quarter was negatively impacted by lower sports hold, as well as additional expenses related to the tenth anniversary celebration at Red Rock Casino Resort & Spa."

Red Rock Resorts shares closed Monday's regular session up $0.12 or 0.54 percent to $21.91.

Posted-In: Earnings News After-Hours Center

 

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