# Red Rock Resorts, Inc.

Summary updated: 2026-10-02T16:44:04.453391Z
Canonical: https://finbar.com/research/companies/red-rock-resorts-inc

## Overview

Red Rock Resorts, Inc. is a holding company with an indirect ownership interest in and management role over Station Casinos LLC, whose business is developing and operating gaming, hospitality and entertainment properties. Its operations are concentrated in the Las Vegas Valley, where it serves local residents through casinos and related offerings including hotels, restaurants, entertainment, and convention facilities. The company also has Native American development and management activities in California. [1](https://app.finbar.com/go?id=P154453070)[2](https://app.finbar.com/go?id=P45609172)[3](https://app.finbar.com/go?id=P154452750)

For the year ended December 31, 2025, Red Rock reported net revenue of approximately $2.0 billion. It reported approximately 9,500 employees as of January 31, 2026, all in the United States. The company describes its business as providing gaming, hospitality and entertainment to Las Vegas residents; the reviewed materials did not identify a separate formal mission statement. [4](https://app.finbar.com/go?id=P34933817)[5](https://app.finbar.com/go?id=P81577519)[6](https://app.finbar.com/go?id=T13243368)[1](https://app.finbar.com/go?id=P154453070)
[1](https://app.finbar.com/go?id=P154453070)[2](https://app.finbar.com/go?id=P45609172)[3](https://app.finbar.com/go?id=P154452750)[4](https://app.finbar.com/go?id=P34933817)[5](https://app.finbar.com/go?id=P81577519)[6](https://app.finbar.com/go?id=T13243368)

## Products & services

Red Rock Resorts’ casino offerings include slot and video machines, table games, and race-and-sports books with sports wagering. Its slot machines support on-device marketing, bonus offers, and guest communications, including real-time customized promotions. The my|Rewards Boarding Pass loyalty program awards points based on slot play, redeemable for items such as cash, food, rooms, entertainment, and merchandise. The STN Mobile app provides loyalty-account and tier-status access, a digital wallet, STN Cash, and jackpot alerts. [7](https://app.finbar.com/go?id=P120287610)[8](https://app.finbar.com/go?id=P18332650)[9](https://app.finbar.com/go?id=P14533442)[10](https://stationcasinos.com/stn-mobile-app/)

Resort and casino amenities vary by property and include hotel rooms and suites, restaurants and food halls, bars, pools and spas, meeting and convention facilities, and entertainment. Red Rock Resort, for example, has 11 full-service restaurants, a 16-screen movie complex, a 72-lane bowling center, spa and salon, childcare, and high-limit gaming rooms. Green Valley Ranch offers a race-and-sports book, eight full-service restaurants, a spa, pools, and about 75,000 square feet of meeting and convention space. Other properties add features such as sportsbooks, bowling centers, cinemas, arcades, lounges, and outdoor amphitheaters. [11](https://app.finbar.com/go?id=P49177592)[12](https://app.finbar.com/go?id=P29005833)[13](https://app.finbar.com/go?id=P101350403)[14](https://app.finbar.com/go?id=P13209046)[15](https://app.finbar.com/go?id=P69005040)[16](https://app.finbar.com/go?id=P69724789)[17](https://app.finbar.com/go?id=P74889070)

For 2025, reported net revenue was $2,011.5 million. Casino revenue was $1,340.5 million, or about 66.6% of the total; food and beverage was $362.4 million (18.0%); rooms was $190.1 million (9.5%); other revenue was $88.7 million (4.4%); and Native American development fees were $17.6 million (0.9%). [18](https://app.finbar.com/go?id=T13821943)
[7](https://app.finbar.com/go?id=P120287610)[8](https://app.finbar.com/go?id=P18332650)[9](https://app.finbar.com/go?id=P14533442)[10](https://stationcasinos.com/stn-mobile-app/)[11](https://app.finbar.com/go?id=P49177592)[12](https://app.finbar.com/go?id=P29005833)[13](https://app.finbar.com/go?id=P101350403)[14](https://app.finbar.com/go?id=P13209046)[15](https://app.finbar.com/go?id=P69005040)[16](https://app.finbar.com/go?id=P69724789)[17](https://app.finbar.com/go?id=P74889070)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[10](https://stationcasinos.com/stn-mobile-app/)

## Geographic presence

Red Rock Resorts’ casino operations are concentrated in the Las Vegas metropolitan area of Nevada. Its seven major gaming facilities include Red Rock, Green Valley Ranch, Durango, Palace Station, Boulder Station, Sunset Station and Santa Fe Station; it also operates 16 smaller gaming properties, three of them 50%-owned. Green Valley Ranch is in Henderson, while Durango is in the southwest Las Vegas Valley. [19](https://app.finbar.com/go?id=P154452864)[6](https://app.finbar.com/go?id=T13243368)[13](https://app.finbar.com/go?id=P101350403)[20](https://app.finbar.com/go?id=P54455275)

For the six months ended June 30, 2026, the Las Vegas operations segment generated $1,002.680 million of the company’s $1,017.581 million in consolidated net revenue, or approximately 98.5%. The Native American segment contributed $8.543 million (approximately 0.8%); this reflects fees related to the North Fork project agreement, not casino operations in Las Vegas. [21](https://app.finbar.com/go?id=T17817810)[22](https://app.finbar.com/go?id=P154453144) Red Rock provides development and management services for the North Fork Rancheria of Mono Indians’ gaming project in Madera County, California, near Madera and Fresno. [23](https://app.finbar.com/go?id=P154452890)

The company’s principal executive offices are at 1505 South Pavilion Center Drive, Las Vegas, Nevada 89135. The filings reviewed do not provide employee distribution by geography. [24](https://app.finbar.com/go?id=P49381811)[18](https://app.finbar.com/go?id=T13821943)
[19](https://app.finbar.com/go?id=P154452864)[6](https://app.finbar.com/go?id=T13243368)[13](https://app.finbar.com/go?id=P101350403)[20](https://app.finbar.com/go?id=P54455275)[21](https://app.finbar.com/go?id=T17817810)[22](https://app.finbar.com/go?id=P154453144)[23](https://app.finbar.com/go?id=P154452890)[24](https://app.finbar.com/go?id=P49381811)[18](https://app.finbar.com/go?id=T13821943)

## Business segments

Red Rock Resorts reports two business segments: **Las Vegas operations** and **Native American**. Las Vegas operations comprise its Las Vegas casino and entertainment properties, which are aggregated into one reportable segment. The Native American segment reflects development and management services for tribal gaming projects, including the North Fork gaming and entertainment project in California. [25](https://app.finbar.com/go?id=P112993058)[2](https://app.finbar.com/go?id=P45609172)[26](https://app.finbar.com/go?id=P57585233)[27](https://app.finbar.com/go?id=P154453130)[22](https://app.finbar.com/go?id=P154453144)

In FY2025, Las Vegas operations generated approximately **98.5%** of consolidated revenue ($1,981.8 million), while Native American generated **0.9%** ($17.6 million); corporate and other revenue accounted for the remaining **0.6%**. [18](https://app.finbar.com/go?id=T13821943) In the six months ended June 30, 2026, the respective revenue shares were approximately **98.5%** ($1,002.7 million), **0.8%** ($8.5 million), and **0.6%** for corporate and other. [21](https://app.finbar.com/go?id=T17817810) As a share of the two segments’ combined Adjusted EBITDA, Las Vegas operations contributed approximately **98.1%** and Native American **1.9%** in FY2025; in the first half of 2026, the shares were **98.8%** and **1.2%**, respectively. These EBITDA percentages exclude corporate and other costs. [18](https://app.finbar.com/go?id=T13821943)[21](https://app.finbar.com/go?id=T17817810)
[25](https://app.finbar.com/go?id=P112993058)[2](https://app.finbar.com/go?id=P45609172)[26](https://app.finbar.com/go?id=P57585233)[27](https://app.finbar.com/go?id=P154453130)[22](https://app.finbar.com/go?id=P154453144)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[21](https://app.finbar.com/go?id=T17817810)[21](https://app.finbar.com/go?id=T17817810)[21](https://app.finbar.com/go?id=T17817810)[21](https://app.finbar.com/go?id=T17817810)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[18](https://app.finbar.com/go?id=T13821943)[21](https://app.finbar.com/go?id=T17817810)[21](https://app.finbar.com/go?id=T17817810)[21](https://app.finbar.com/go?id=T17817810)

## Company history

Red Rock Resorts’ history is rooted in Station Casinos, founded in Las Vegas on July 1, 1976, when Frank Fertitta Jr. and three investors opened The Casino; the property was renamed Palace Station in 1984. Station expanded with Boulder Station (1994), Sunset Station (1997), and the acquisition of Santa Fe Station (2000), while Green Valley Ranch opened in 2001. [28](https://stationcasinos.com/50th/)[29](https://app.finbar.com/go?id=P187697222)[30](https://app.finbar.com/go?id=P187697229)[31](https://app.finbar.com/go?id=P187697231)[32](https://app.finbar.com/go?id=P187697233)[33](https://app.finbar.com/go?id=P187697216)

Station opened Red Rock Resort in 2006. After a proposed take-private transaction in 2007, Station went through Chapter 11 restructuring and completed its reorganization in 2011. Red Rock Resorts, Inc. was formed in 2015 as a holding company; in 2016 it completed an IPO and reorganization, and Station acquired Fertitta Entertainment. [34](https://app.finbar.com/go?id=P187697212)[35](https://www.sec.gov/Archives/edgar/data/941343/000110465907014381/a07-6707_1ex7d17.htm)[36](https://www.sec.gov/Archives/edgar/data/898660/000110465910016320/a10-6994_1ex99d1.htm)[37](https://www.sec.gov/Archives/edgar/data/898660/000110465911032067/a11-13382_1ex99d1.htm)[38](https://app.finbar.com/go?id=P187698392)[39](https://app.finbar.com/go?id=P187698070)[40](https://app.finbar.com/go?id=P187698453)

Station acquired Palms Casino Resort in 2016 and sold it in 2021. In 2023, Station opened Durango Casino & Resort in southwest Las Vegas. [41](https://redrockresorts.investorroom.com/2016-05-10-red-rock-resorts-announces-agreement-to-acquire-palms-casino-resort)[42](https://redrockresorts.investorroom.com/2016-10-03-red-rock-resorts-inc-announces-closing-of-the-acquisition-of-the-palms-casino-resort?asPDF=1)[43](https://redrockresorts.investorroom.com/2021-05-04-Red-Rock-Resorts%2C-Inc-Announces-Agreement-with-a-San-Manuel-Band-of-Mission-Indians-Subsidiary-to-Sell-the-Palms-Casino-Resort)[44](https://stationcasinosblog.com/2023/12/station-casinos-announces-grand-opening-of-durango-casino-resort/)[20](https://app.finbar.com/go?id=P54455275)
[29](https://app.finbar.com/go?id=P187697222)[30](https://app.finbar.com/go?id=P187697229)[31](https://app.finbar.com/go?id=P187697231)[32](https://app.finbar.com/go?id=P187697233)[33](https://app.finbar.com/go?id=P187697216)[34](https://app.finbar.com/go?id=P187697212)[38](https://app.finbar.com/go?id=P187698392)[39](https://app.finbar.com/go?id=P187698070)[40](https://app.finbar.com/go?id=P187698453)[20](https://app.finbar.com/go?id=P54455275)[28](https://stationcasinos.com/50th/)[35](https://www.sec.gov/Archives/edgar/data/941343/000110465907014381/a07-6707_1ex7d17.htm)[36](https://www.sec.gov/Archives/edgar/data/898660/000110465910016320/a10-6994_1ex99d1.htm)[37](https://www.sec.gov/Archives/edgar/data/898660/000110465911032067/a11-13382_1ex99d1.htm)[41](https://redrockresorts.investorroom.com/2016-05-10-red-rock-resorts-announces-agreement-to-acquire-palms-casino-resort)[42](https://redrockresorts.investorroom.com/2016-10-03-red-rock-resorts-inc-announces-closing-of-the-acquisition-of-the-palms-casino-resort?asPDF=1)[43](https://redrockresorts.investorroom.com/2021-05-04-Red-Rock-Resorts%2C-Inc-Announces-Agreement-with-a-San-Manuel-Band-of-Mission-Indians-Subsidiary-to-Sell-the-Palms-Casino-Resort)[44](https://stationcasinosblog.com/2023/12/station-casinos-announces-grand-opening-of-durango-casino-resort/)

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43. [redrockresorts.investorroom.com](https://redrockresorts.investorroom.com/2021-05-04-Red-Rock-Resorts%2C-Inc-Announces-Agreement-with-a-San-Manuel-Band-of-Mission-Indians-Subsidiary-to-Sell-the-Palms-Casino-Resort)
44. [stationcasinosblog.com](https://stationcasinosblog.com/2023/12/station-casinos-announces-grand-opening-of-durango-casino-resort/)

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