SunTrust Reiterates Buy Rating on Red Rock Resorts (RRR) Following 1Q
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Red Rock Resorts Announces First Quarter 2020 Results
May 19, 2020 4:01 PM EDTLAS VEGAS, May 19, 2020 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2020.
Impact of COVID-19 Pandemic
The unprecedented challenges presented by the COVID-19 pandemic have significantly impacted the Company's business operations. While Las Vegas operations, excluding Palms, recorded their best operating performance in January and February since 2008, the circumstances abruptly changed in mid-March due to the COVID-19 pandemic.
On March 17, 2020, the Company announced the temporary shutdown of all its Las... More
