Red Rock Resorts posts third quarter net loss related to 50th anniversary stock awards

Red Rock Resorts posted an increase in third quarter revenue but posted a net loss during the quarter primarily because of $79.1 million in share-based compensation expense related to the company’s 50 th anniversary stock awards issued in the quarter. The company posted revenues of $488.7 million for the third quarter, a 2.8%, or $13.1 million, from $475.6 million in the same period last year. Net loss was $17.7 million, a decrease of 123%, or $94.6 million, from net income of $76.9 million last year.

Source: CDC Gaming Reports