Red Rock Resorts (RRR) 10-Q9 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	May 01, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-37754
Entity Registrant Name	RED ROCK RESORTS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-5081182
Entity Address, Address Line One	1505 South Pavilion Center Drive
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89135
City Area Code	702
Local Phone Number	495-3000
Title of 12(b) Security	Class A Common Stock, $.01 par value
Trading Symbol	RRR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001653653
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Class A common stock
Entity Common Stock, Shares Outstanding (in shares)		59,610,393
Class B common stock
Entity Common Stock, Shares Outstanding (in shares)		45,985,804

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 129,705	$ 137,586
Receivables, net	62,594	61,930
Inventories	15,983	15,255
Prepaid gaming tax	28,360	24,888
Prepaid expenses and other current assets	30,470	28,190
Total current assets	275,321	282,292
Property and equipment, net of accumulated depreciation of $1,331,626 and $1,288,470 at March 31, 2024 and December 31, 2023, respectively	2,794,752	2,771,818
Goodwill	195,676	195,676
Intangible assets, net of accumulated amortization of $20,188 and $19,794 at March 31, 2024 and December 31, 2023, respectively	82,412	82,806
Land held for development	452,785	451,010
Native American development costs	47,365	45,879
Deferred tax asset, net	43,391	43,381
Other assets, net	88,766	81,650
Total assets	3,980,468	3,954,512
Current liabilities:
Accounts payable	19,517	25,353
Accrued interest payable	20,094	15,607
Other accrued liabilities	249,085	280,493
Current portion of payable pursuant to tax receivable agreement	1,166	1,662
Current portion of long-term debt	17,039	26,104
Total current liabilities	306,901	349,219
Long-term debt, less current portion	3,429,511	3,301,658
Other long-term liabilities	39,315	39,319
Payable pursuant to tax receivable agreement, less current portion	19,263	20,429
Total liabilities	3,794,990	3,710,625
Stockholders’ equity:
Preferred stock, par value $0.01 per share, 100,000,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	5,327	7,345
Retained earnings	129,321	160,904
Total Red Rock Resorts, Inc. stockholders’ equity	135,245	168,839
Noncontrolling interest	50,233	75,048
Total stockholders’ equity	185,478	243,887
Total liabilities and stockholders’ equity	3,980,468	3,954,512
Income Taxes Receivable	8,209	14,443
Class A common stock
Stockholders’ equity:
Common stock	$ 596	$ 589
Common stock, shares issued (in shares)	59,610,393	58,866,439
Common stock, shares outstanding (in shares)	59,610,393	58,866,439
Class B common stock
Stockholders’ equity:
Common stock	$ 1	$ 1
Common stock, shares issued (in shares)	45,985,804	45,985,804
Common stock, shares outstanding (in shares)	45,985,804	45,985,804

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accumulated depreciation	$ 1,331,626	$ 1,288,470
Accumulated amortization	$ 20,188	$ 19,794
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A common stock
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	59,610,393	58,866,439
Common stock, shares outstanding (in shares)	59,610,393	58,866,439
Class B common stock
Common stock, par value (in usd per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	45,985,804	45,985,804
Common stock, shares outstanding (in shares)	45,985,804	45,985,804

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Casino_Property $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares
Operating revenues:
Net revenues	$ 488,897	$ 433,636
Operating costs and expenses:
Selling, general and administrative	104,805	92,505
Depreciation and amortization	44,873	31,095
Write-downs and other, net	2,141	19,619
Operating expenses	333,373	296,361
Operating income	155,524	137,275
Earnings from joint ventures	723	899
Operating income and earnings from joint ventures	156,247	138,174
Other expense:
Interest expense, net	57,201	42,456
Gain (Loss) on Extinguishment of Debt	(14,402)	0
Total other expense	(71,603)	(42,456)
Income before income tax	84,644	95,718
Provision for income tax	(6,273)	(10,191)
Net income	78,371	85,527
Less: net income attributable to noncontrolling interests	35,536	40,851
Net income attributable to Red Rock Resorts, Inc.	$ 42,835	$ 44,676
Earnings per common share (Note 9):
Earnings (loss) per share of Class A common stock, basic (in dollars per share) \| $ / shares	$ 0.73	$ 0.77
Earnings (loss) per share of Class A common stock, diluted (in dollars per share) \| $ / shares	$ 0.68	$ 0.75
Weighted-average common shares outstanding:
Basic (in shares) \| shares	58,783	57,653
Diluted (in shares) \| shares	103,728	103,190
Major Hotel Casino Properties \| Wholly Owned Properties
Weighted-average common shares outstanding:
Number of casino properties \| Casino_Property	7
Casino
Operating revenues:
Net revenues	$ 316,854	$ 288,240
Operating costs and expenses:
Operating costs and expenses	84,969	71,711
Food and beverage
Operating revenues:
Net revenues	93,278	78,147
Operating costs and expenses:
Operating costs and expenses	73,447	60,112
Room
Operating revenues:
Net revenues	52,888	43,939
Operating costs and expenses:
Operating costs and expenses	15,871	13,607
Other
Operating revenues:
Net revenues	25,877	23,310
Operating costs and expenses:
Operating costs and expenses	$ 7,267	$ 7,712

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Class A common stock	Class B common stock	Common stock Class A common stock	Common stock Class B common stock	Additional paid-in capital	Retained earnings (accumulated deficit)	Noncontrolling interest
Balance at Dec. 31, 2022	$ 32,243			$ 580	$ 1	$ 0	$ 43,203	$ (11,541)
Number of shares at Dec. 31, 2022				58,013,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	85,527						44,676	40,851
Share-based compensation	5,384					5,384
Distributions	(11,496)							(11,496)
Dividends	(14,552)						(14,552)
Stock option exercises and issuance of restricted stock, net	0			$ 2		(2)
Stock option exercises and issuance of restricted stock, net (shares)				235,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(3,473)					3,473
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				(29,000)
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0					(743)		743
Balance at Mar. 31, 2023	93,633			$ 582	$ 1	1,166	73,327	18,557
Number of shares at Mar. 31, 2023				58,219,000	45,986,000
Balance at Dec. 31, 2023	243,887			$ 589	$ 1	7,345	160,904	75,048
Number of shares at Dec. 31, 2023		58,866,439	45,985,804	58,866,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	78,371						42,835	35,536
Share-based compensation	5,995					5,995
Distributions	(57,482)							(57,482)
Dividends	(74,418)						(74,418)
Stock option exercises and issuance of restricted stock, net	0			$ 7		(7)
Stock option exercises and issuance of restricted stock, net (shares)				761,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(10,875)					10,875
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				(17,000)
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0					2,869		(2,869)
Balance at Mar. 31, 2024	$ 185,478			$ 596	$ 1	$ 5,327	$ 129,321	$ 50,233
Number of shares at Mar. 31, 2024		59,610,393	45,985,804	59,610,000	45,986,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 78,371	$ 85,527
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,873	31,095
Write-downs and other, net	37	405
Amortization of debt discount and debt issuance costs	2,290	2,367
Share-based compensation	5,875	5,296
(Gain) Loss on Extinguishment of Debt cash flow adjustment	4,430	0
Deferred income tax	(10)	(712)
Changes in assets and liabilities:
Receivables, net	(665)	(450)
Inventories and prepaid expenses	(7,936)	(5,493)
Accounts payable	(6,141)	5,443
Accrued interest payable	4,487	(2,133)
Income tax receivable/ payable	6,235	10,903
Other accrued liabilities	(6,124)	8,520
Other, net	739	(246)
Net cash provided by operating activities	126,461	140,522
Cash flows from investing activities:
Capital expenditures, net of related payables	(98,082)	(175,499)
Acquisition of land held for development	0	(2,108)
Native American development costs	(1,100)	(1,353)
Other, net	(813)	(1,011)
Net cash used in investing activities	(99,995)	(179,971)
Cash flows from financing activities:
Borrowings under credit agreements with original maturity dates greater than three months	1,915,853	73,000
Payments under credit agreements with original maturity dates greater than three months	(2,284,327)	(6,195)
Proceeds from Issuance of Senior Long-term Debt	500,000	0
Payment of debt issuance costs	(21,467)	0
Distributions to noncontrolling interests	(57,482)	(11,496)
Payment, Tax Withholding, Share-based Payment Arrangement	(10,875)	(3,473)
Dividends paid	(74,085)	(15,043)
Tax Receivable Agreement Liability Amount Paid	(1,662)	(6,632)
Other, net	(302)	(294)
Net cash (used in) provided by financing activities	(34,347)	29,867
Decrease in cash and cash equivalents	(7,881)	(9,582)
Balance, beginning of period	137,586	117,289
Balance, end of period	129,705	107,707
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	129,705
Balance, end of period	129,705	107,707
Supplemental cash flow disclosures:
Cash paid for interest, net of $0 and $4,643 capitalized, respectively	50,441	42,255
Capitalized interest	0	4,643
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	$ 36,041	$ 110,771

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Capitalized interest	$ 0	$ 4,643
Payment, Tax Withholding, Share-based Payment Arrangement	$ (10,875)	$ (3,473)

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation and Significant Accounting Policies	Organization, Basis of Presentation and Significant Accounting Policies Organization Red Rock Resorts, Inc. (“Red Rock,” or the “Company”) was formed as a Delaware corporation in 2015 to own an indirect equity interest in and manage Station Casinos LLC (“Station LLC”), a Nevada limited liability company. Station LLC is a gaming, development and management company established in 1976 that owns and operates seven major gaming facilities and ten smaller casino properties (three of which are 50% owned) in the Las Vegas regional market. In December 2023, the Company opened Durango Casino & Resort (“Durango”). The Company owns all of the outstanding voting interests in Station LLC and has an indirect equity interest in Station LLC through its ownership of limited liability interests in Station Holdco LLC (“Station Holdco,” and such interests, “LLC Units”), which owns all of the economic interests in Station LLC. At March 31, 2024, the Company held 58% of the economic interests and 100% of the voting power in Station Holdco, subject to certain limited exceptions, and is designated as the sole managing member of both Station Holdco and Station LLC. The Company controls and operates all of the business and affairs of Station Holdco and Station LLC, and conducts all of its operations through these entities. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments necessary for a fair presentation of the results for the interim periods have been made, and such adjustments were of a normal recurring nature. The interim results reflected in these condensed consolidated financial statements are not necessarily indicative of results to be expected for the full fiscal year. These financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Certain amounts in the condensed consolidated financial statements for the prior year have been reclassified to be consistent with the current year presentation. Principles of Consolidation Station Holdco and Station LLC are variable interest entities, of which the Company is the primary beneficiary. Accordingly, the Company consolidates the financial position and results of operations of Station LLC and its consolidated subsidiaries and Station Holdco, and presents the interests in Station Holdco not owned by Red Rock within noncontrolling interest in the condensed consolidated financial statements. All significant intercompany accounts and transactions have been eliminated. Investments in all 50% or less owned affiliated companies are accounted for using the equity method. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported and disclosed. Actual results could differ from those estimates. Significant Accounting Policies A description of the Company’s significant accounting policies is included in the audited financial statements within its Annual Report on Form 10-K for the year ended December 31, 2023.

Noncontrolling Interest in Stat

Noncontrolling Interest in Station Holdco	3 Months Ended
Noncontrolling Interest in Station Holdco	Mar. 31, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interest in Station Holdco	Noncontrolling Interest in Station Holdco As discussed in Note 1, Red Rock holds a controlling interest in and consolidates the financial position and results of operations of Station LLC and its subsidiaries and Station Holdco. The interests in Station Holdco not owned by Red Rock are presented within noncontrolling interest in the condensed consolidated financial statements. Entities controlled by Frank J. Fertitta III, the Company’s Chairman of the Board and Chief Executive Officer, and Lorenzo J. Fertitta, the Company’s Vice Chairman of the Board and a vice president of the Company (the “Fertitta Family Entities”), hold 99% of the noncontrolling interest. The ownership of the LLC Units is summarized as follows: March 31, 2024 December 31, 2023 Units Ownership % Units Ownership % Red Rock 63,824,290 58.1 % 63,027,745 57.8 % Noncontrolling interest holders 45,985,804 41.9 % 45,985,804 42.2 % Total 109,810,094 100.0 % 109,013,549 100.0 %

Native American Development

Native American Development	3 Months Ended
Native American Development	Mar. 31, 2024
Development Disclosure [Abstract]
Native American Development	Native American Development The Company, the North Fork Rancheria of Mono Indians (the “Mono”), a federally recognized Native American tribe located near Fresno, California and the North Fork Rancheria Economic Development Authority (the “Authority”) have entered into a Third Amended and Restated Management Agreement (the “Management Agreement”) and a Third Amended and Restated Development Agreement (the “Development Agreement”), each dated as of November 7, 2023. Pursuant to the Development Agreement, the Company has assisted and will assist the Mono and the Authority in developing a gaming and entertainment facility (the “North Fork Project”) to be located in Madera County, California. Pursuant to the Management Agreement, the Company will assist the Mono and the Authority in operating the North Fork Project. The Company purchased a 305-acre parcel of land adjacent to Highway 99 north of the city of Madera (the “North Fork Site”), which was taken into trust for the benefit of the Mono by the Department of the Interior (“DOI”) in February 2013. As currently contemplated, the North Fork Project is expected to include approximately 2,000 Class III slot machines and additional Class II slot machines, approximately 40 table games and several restaurants. Future development costs of the project are expected to be between $375 million and $425 million. The following table summarizes the Company’s evaluation at March 31, 2024 of each of the critical milestones that it has identified as necessary to complete the North Fork Project. As of January 5, 2024, the date the Mono received the approval of the Management Agreement from the Chair of the National Indian Gaming Commission (“NIGC”), each of these critical milestones has substantially been resolved. The following table summarizes the Company’s evaluation at March 31, 2024 of each of the critical milestones necessary to complete the North Fork Project. Federally recognized as an Indian tribe by the Bureau of Indian Affairs (“BIA”) Yes Date of recognition Federal recognition was terminated in 1966 and restored in 1983. Tribe has possession of or access to usable land upon which the project is to be built The DOI accepted approximately 305 acres of land for the project into trust for the benefit of the Mono in February 2013. Status of obtaining regulatory and governmental approvals: Tribal-state compact A compact was negotiated and signed by the Governor of California and the Mono in August 2012. The California State Assembly and Senate passed Assembly Bill 277 (“AB 277”) which ratified the Compact in May 2013 and June 2013, respectively. Opponents of the North Fork Project qualified a referendum, “Proposition 48,” for a state-wide ballot challenging the legislature’s ratification of the Compact. In November 2014, Proposition 48 failed. The State took the position that the failure of Proposition 48 nullified the ratification of the Compact and, therefore, the Compact did not take effect under California law. In March 2015, the Mono filed suit against the State to obtain a compact with the State or procedures from the Secretary of the Interior under which Class III gaming may be conducted on the North Fork Site. In July 2016, the DOI issued Secretarial procedures (the “Secretarial Procedures”) pursuant to which the Mono may conduct Class III gaming on the North Fork Site. Approval of gaming compact by DOI The Compact was submitted to the DOI in July 2013. In October 2013, notice of the Compact taking effect was published in the Federal Register. The Secretarial Procedures supersede and replace the Compact. Record of decision regarding environmental impact published by BIA In November 2012, the record of decision for the Environmental Impact Statement for the North Fork Project was issued by the BIA. In December 2012, the Notice of Intent to take land into trust was published in the Federal Register. BIA accepting usable land into trust on behalf of the tribe The North Fork Site was accepted into trust in February 2013. Approval of management agreement by NIGC In December 2015, the Mono submitted a Second Amended and Restated Management Agreement, and certain related documents, to the NIGC. In July 2016, the Mono received a deficiency letter from the NIGC seeking additional information concerning the Second Amended and Restated Management Agreement. In March 2018, the Mono submitted the Management Agreement and certain related documents to the NIGC. In June 2018, the Mono received a deficiency letter from the NIGC seeking additional information concerning the Management Agreement. In April 2021, the Mono received an issues letter from the NIGC identifying issues to be addressed prior to approval of the Management Agreement. In September 2022, the Mono received an additional issues letter from the NIGC identifying remaining issues to be addressed prior to approval of the Management Agreement. Following dialogue with the NIGC, the Mono submitted executed North Fork Project agreements to the NIGC in November, 2023. On January 5, 2024, the Chairman of the NIGC approved the Management Agreement. Gaming licenses: Type The North Fork Project will include the operation of Class II and Class III gaming, which are allowed pursuant to the terms of the Secretarial Procedures and IGRA, following approval of the Management Agreement by the NIGC. Number of gaming devices allowed The Secretarial Procedures allow for the operation of a maximum of 2,000 Class III slot machines at the facility during the first two years of operation and thereafter up to 2,500 Class III slot machines. There is no limit on the number of Class II gaming devices that the Mono can offer. Agreements with local authorities The Mono has entered into memoranda of understanding with the City of Madera, the County of Madera and the Madera Irrigation District under which the Mono agreed to pay one-time and recurring mitigation contributions, subject to certain contingencies. The memoranda of understanding have all been amended to restructure the timing of certain payments due to delays in the development of the North Fork Project. In addition to the critical milestones, there is a remaining unresolved legal matter related to the North Fork Project. In March 2016, Picayune Rancheria of Chukchansi Indians (“Picayune”) filed a complaint for declaratory relief and petition for writ of mandate in California Superior Court for the County of Madera against Governor Edmund G. Brown, Jr., alleging that the referendum that invalidated the Compact also invalidated Governor Brown’s concurrence with the Secretary of the Interior’s determination that gaming on the North Fork Site would be in the best interest of the Mono and not detrimental to the surrounding community. The complaint seeks to vacate and set aside the Governor’s concurrence and was stayed from December 2016 to September 2021, when the Supreme Court of California denied the Mono’s and the State of California’s petition for review in Stand Up for California! v. Brown . As a result of the denial, litigation of this matter has resumed and a first amended complaint was filed by Picayune in December 2022. Each of the State of California and the Mono filed demurrers challenging the first amended complaint; in July 2023, the State of California’s demurrer was granted and the Mono’s demurrer was denied. The Mono has answered the first amended complaint and each of the Mono and Picayune have filed motions for summary judgment, which motions are fully briefed. Under the terms of the Development Agreement, the Company has agreed to arrange the financing for the ongoing development costs and construction of the facility, and has contributed significant financial support to the North Fork Project. Through March 31, 2024, the Company has paid approximately $62.5 million of reimbursable advances to the Mono, primarily to complete the environmental impact study, purchase the North Fork Site and pay the costs of litigation. The repayment of the advances is expected to come from the proceeds of the North Fork Project’s financing, from cash flows from the North Fork Project’s operations, or from a combination of both. In accordance with the Company’s accounting policy, accrued interest on the advances will not be recognized in income until the carrying amount of the advances has been recovered. The carrying amount of the reimbursable advances was reduced by $15.1 million to fair value upon the Company’s adoption of fresh-start reporting in 2011. At March 31, 2024, the carrying amount of the advances was $47.4 million. In addition to the reimbursable advances, the Company expects to receive a development fee of 4% of the costs of construction for its development services, which will be paid upon the commencement of gaming operations at the facility. The Management Agreement provides for the Company to receive a management fee of 30% of the North Fork Project’s net income. The repayment of all or a portion of the reimbursable advances is anticipated to be subordinated to the Mono’s debt service obligations under the North Fork Project’s financing. The Management Agreement has a term of seven The Company expects that, upon termination or expiration of the Development Agreement, the Mono will continue to be obligated to repay any unpaid principal and interest on the advances from the Company. Amounts due to the Company under the Development Agreement and Management Agreement are secured by substantially all of the assets of the North Fork Project except the North Fork Site. In addition, each of the Development Agreement and the Management Agreement contains waivers of the Mono’s sovereign immunity from suit for the purpose of enforcing the agreements or permitting or compelling arbitration and other remedies. The timing of both the North Fork Project and of the repayment of the reimbursable advances is difficult to predict and is contingent on the achievement of the critical milestones, the financing of the North Fork Project, and the cash flows from the North Fork Project. The Company currently estimates that construction of the North Fork Project may begin in the next six The Company has evaluated the likelihood that the North Fork Project will be successfully completed and opened, and has concluded that the likelihood of successful completion is in the range of 75% to 85% at March 31, 2024. The Company’s evaluation is based on its consideration of all available positive and negative evidence about the status of the North Fork Project, including, but not limited to, the status of required regulatory approvals, as well as the progress being made toward the achievement of any remaining critical milestones, the arrangement of financing for the North Fork Project and the status of any remaining litigation and contingencies. There can be no assurance that all the necessary governmental and regulatory approvals will be obtained, that financing will be obtained, that the financing and/or the cash flows from the North Fork Project will be sufficient to repay the advances, that the North Fork Project will be successfully completed or that future events and circumstances will not change the Company’s estimates of the timing, scope, and potential for successful completion or that any such changes will not be material. In addition, there can be no assurance that the Company will recover all of its investment in the North Fork Project even if it is successfully completed and opened for business.

Other Accrued Liabilities

Other Accrued Liabilities	3 Months Ended
Other Accrued Liabilities	Mar. 31, 2024
Accrued Liabilities, Current [Abstract]
Other Accrued Liabilities	Other Accrued Liabilities Other accrued liabilities consisted of the following (amounts in thousands): March 31, December 31, 2023 Contract and customer-related liabilities: Unpaid wagers, outstanding chips and other customer-related liabilities $ 23,174 $ 23,361 Advance deposits and future wagers 17,093 20,195 Rewards program liability 11,605 11,192 Other accrued liabilities: Construction payables and equipment purchase accruals 89,838 118,316 Accrued payroll and related 38,604 42,048 Accrued gaming and related 31,690 29,497 Operating lease liabilities, current portion 6,148 6,137 Other 30,933 29,747 $ 249,085 $ 280,493 Construction payables and equipment purchase accruals at March 31, 2024 and December 31, 2023 included $57.1 million and $100.2 million, respectively, related to the development of Durango.

Share-based Compensation

Share-based Compensation	3 Months Ended
Share-based Compensation	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation The Company maintains an equity incentive plan designed to attract, retain and motivate employees and align the interests of those individuals with the interests of the Company. A total of 23.8 million shares of Class A common stock are reserved for issuance under the plan, of which approximately 12.3 million shares were available for issuance at March 31, 2024. The following table presents information about the Company’s share-based compensation awards: Restricted Class A Stock Options Shares Weighted-average grant date fair value Shares Weighted-average exercise price Outstanding at January 1, 2024 422,684 $ 42.39 6,179,510 $ 33.35 Activity during the period: Granted 182,542 58.50 712,772 58.50 Vested/exercised (a) (66,481) 31.92 (1,375,607) 25.66 Forfeited/expired — — (22,636) 41.37 Antidilution adjustment (b) — $ — 101,083 n/m Outstanding at March 31, 2024 538,745 $ 49.14 5,595,122 $ 37.81 _______________________________________________________________ (a) Stock options exercised included 796,877 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes. (b) As a result of the special dividend paid in March 2024, all outstanding stock option awards were adjusted to decrease the exercise price of the options and increase the number of shares issuable under the awards pursuant to an antidilution provision in the Equity Incentive Plan. The Company recognized share-based compensation expense of $5.9 million and $5.3 million for the three months ended March 31, 2024 and 2023, respectively. At March 31, 2024, unrecognized share-based compensation cost was $71.2 million, which is expected to be recognized over a weighted-average period of 3.0 years.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Red Rock is a corporation and pays corporate federal, state and local taxes on its income, primarily pass-through income from Station Holdco based upon Red Rock’s economic interest held in Station Holdco. Station Holdco is a partnership for income tax reporting purposes. Station Holdco’s members, including the Company, are liable for federal, state and local income taxes based on their respective share of Station Holdco’s pass-through taxable income. The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates the estimate of the annual effective tax rate and makes necessary cumulative adjustments to the total tax provision or benefit. The Company’s effective tax rate for the three months ended March 31, 2024 was 7.4%, as compared to 10.7% for the three months ended March 31, 2023. The Company’s effective tax rate for the three months ended March 31, 2024 differs from the 21% statutory rate primarily because its effective tax rate includes a rate benefit attributable to the fact that Station Holdco operates as a limited liability company, which is not subject to federal income tax. Accordingly, the Company is not taxed on the portion of Station Holdco’s income attributable to noncontrolling interests. Additionally, the effective tax rate is impacted by the permanent tax benefit attributable to the stock compensation activity from Station Holdco. As a result of the Company’s 2016 initial public offering (“IPO”) and certain reorganization transactions, the Company recorded a net deferred tax asset resulting from the outside basis difference of its interest in Station Holdco. The Company also recorded a deferred tax asset for its liability related to payments to be made pursuant to the tax receivable agreement (“TRA”) representing 85% of the tax savings the Company expects to realize from the amortization deductions associated with the step-up in the basis of depreciable assets under Section 754 of the Internal Revenue Code. This deferred tax asset will be recovered as cash payments are made to the TRA participants. In addition, the Company records deferred tax assets related to net operating losses and other tax attributes, as applicable. The Company considers both positive and negative evidence when measuring the need for a valuation allowance. A valuation allowance is not required to the extent that, in management’s judgment, positive evidence exists with a magnitude and duration sufficient to result in a conclusion that it is more likely than not (a likelihood of more than 50%) that the Company’s deferred tax assets will be realized. Tax Receivable Agreement In connection with the IPO, the Company entered into the TRA with certain owners who held LLC Units prior to the IPO. In the event that such parties exchange any or all of their LLC Units for Class A common stock or cash, at the election of the Company, the TRA requires the Company to make payments to such holders for 85% of the tax benefits realized by the Company as a result of such exchange. The Company expects to realize these tax benefits based on current projections of taxable income. The annual tax benefits are computed by calculating the income taxes due, including such tax benefits, and the income taxes due without such benefits. At March 31, 2024 and December 31, 2023, the Company’s liability under the TRA was $20.4 million and $22.1 million, respectively, of which $5.6 million and $6.0 million, respectively, was payable to Fertitta Family Entities. No LLC Units were exchanged during the three months ended March 31, 2024 or 2023. During the three months ended March 31, 2024 the Company made payments on the TRA liability of $1.7 million and expects to pay $1.2 million of the TRA liability within the next twelve months.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
Earnings (Loss) Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to Red Rock by the weighted-average number of shares of Class A common stock outstanding during the period. The calculation of diluted earnings per share gives effect to all potentially dilutive shares, including shares issuable pursuant to outstanding stock options and nonvested restricted shares of Class A common stock, based on the application of the treasury stock method, and outstanding Class B common stock that is exchangeable, along with an equal number of LLC Units, for Class A common stock, based on the application of the if-converted method. Dilutive shares included in the calculation of diluted earnings per share for the three months ended March 31, 2024 and 2023 represented outstanding shares of Class B common stock, nonvested restricted shares of Class A common stock and outstanding stock options. All other potentially dilutive securities have been excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive. A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share is presented below (amounts in thousands): Three Months Ended 2024 2023 Net income $ 78,371 $ 85,527 Less: net income attributable to noncontrolling interests (35,536) (40,851) Net income attributable to Red Rock, basic 42,835 44,676 Effect of dilutive securities 28,074 32,272 Net income attributable to Red Rock, diluted $ 70,909 $ 76,948 Three Months Ended 2024 2023 Weighted average shares of Class A common stock outstanding, basic 58,783 57,653 Effect of dilutive securities 44,945 45,537 Weighted average shares of Class A common stock outstanding, diluted 103,728 103,190 The calculation of diluted earnings per share of Class A common stock excluded the following potentially dilutive securities that were outstanding at March 31, 2024 and 2023, respectively, because their inclusion would have been antidilutive (amounts in thousands): Three Months Ended 2024 2023 Stock options 2,173 2,392 Unvested restricted shares of Class A common stock 173 220 Shares of Class B common stock are not entitled to share in the earnings of the Company and are not participating securities. Accordingly, earnings per share of Class B common stock under the two-class method has not been presented.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company and its subsidiaries are defendants in various lawsuits relating to routine matters incidental to their business. No assurance can be provided as to the outcome of any legal matters and litigation inherently involves significant risks. The Company does not believe there are any legal matters outstanding that would have a material impact on its financial condition or results of operations.

Segments

Segments	3 Months Ended
Segments	Mar. 31, 2024
Segment Reporting [Abstract]
Segments	Segments The Company views each of its Las Vegas casino properties and each of its Native American management arrangements as an individual operating segment. The Company aggregates all of its Las Vegas operating segments into one reportable segment because all of its Las Vegas properties offer similar products, cater to the same customer base, have the same regulatory and tax structure, share the same marketing techniques, are directed by a centralized management structure and have similar economic characteristics. The Company also aggregates its Native American management arrangements into one reportable segment. There was no Native American management activity in the current or prior year periods. The Company utilizes adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) as its primary performance measure. The Company’s segment information and a reconciliation of net income to Adjusted EBITDA are presented below (amounts in thousands). Three Months Ended 2024 2023 Net revenues Las Vegas operations: Casino $ 316,854 $ 288,240 Food and beverage 93,278 78,147 Room 52,888 43,939 Other (a) 22,547 19,723 Las Vegas operations net revenues 485,567 430,049 Corporate and other 3,330 3,587 Net revenues $ 488,897 $ 433,636 Net income $ 78,371 $ 85,527 Adjustments Depreciation and amortization 44,873 31,095 Share-based compensation 5,875 5,296 Write-downs and other, net 2,141 19,619 Interest expense, net 57,201 42,456 Loss on extinguishment/modification of debt 14,402 — Provision for income tax 6,273 10,191 Adjusted EBITDA (b) $ 209,136 $ 194,184 Adjusted EBITDA Las Vegas operations $ 229,759 $ 214,089 Corporate and other (20,623) (19,905) Adjusted EBITDA $ 209,136 $ 194,184 _______________________________________________________________ (a) Includes tenant lease revenue of $7.7 million and $5.8 million for the three months ended March 31, 2024 and 2023, respectively. Revenue from tenant leases is accounted for under the lease accounting guidance and included in Other revenues in the Company’s Condensed Consolidated Statements of Income. (b) Adjusted EBITDA for the three months ended March 31, 2024 and 2023 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements, demolition costs and non-routine items), interest expense, net, loss on extinguishment/modification of debt and provision for income tax.

Organization, Basis of Presen_2

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments necessary for a fair presentation of the results for the interim periods have been made, and such adjustments were of a normal recurring nature. The interim results reflected in these condensed consolidated financial statements are not necessarily indicative of results to be expected for the full fiscal year. These financial statements should be read in conjunction with the audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Certain amounts in the condensed consolidated financial statements for the prior year have been reclassified to be consistent with the current year presentation.
Principles of Consolidation	Principles of Consolidation Station Holdco and Station LLC are variable interest entities, of which the Company is the primary beneficiary. Accordingly, the Company consolidates the financial position and results of operations of Station LLC and its consolidated subsidiaries and Station Holdco, and presents the interests in Station Holdco not owned by Red Rock within noncontrolling interest in the condensed consolidated financial statements. All significant intercompany accounts and transactions have been eliminated. Investments in all 50% or less owned affiliated companies are accounted for using the equity method.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported and disclosed. Actual results could differ from those estimates.
Significant Accounting Policies	Significant Accounting Policies A description of the Company’s significant accounting policies is included in the audited financial statements within its Annual Report on Form 10-K for the year ended December 31, 2023.
New Accounting Pronouncements	Recently Issued Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280). The ASU is intended to improve disclosures of significant segment expenses by requiring disclosure of significant segment expenses regularly provided to the chief operating decision maker (“CODM”), requiring disclosure of other segment items by reportable segment, extend certain annual disclosures to interim periods, permit more than one measure of segment profit or loss to be reported under certain conditions and requiring disclosure of the CODM’s title and position and how the CODM uses reported measure(s) in assessing segment performance. The amendments are effective for the Company in fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and are required to be applied retrospectively to all periods presented. Early adoption is permitted, including adoption in any interim periods for which financial statements have not been issued. The Company is currently evaluating the guidance and its impact to the financial statements.

Income Taxes (Policies)

Income Taxes (Policies)	3 Months Ended
Income Taxes (Policies)	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax, Policy	The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates the estimate of the annual effective tax rate and makes necessary cumulative adjustments to the total tax provision or benefit.

Noncontrolling Interest in St_2

Noncontrolling Interest in Station Holdco (Tables)	3 Months Ended
Noncontrolling Interest in Station Holdco (Tables)	Mar. 31, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interest Ownership	The ownership of the LLC Units is summarized as follows: March 31, 2024 December 31, 2023 Units Ownership % Units Ownership % Red Rock 63,824,290 58.1 % 63,027,745 57.8 % Noncontrolling interest holders 45,985,804 41.9 % 45,985,804 42.2 % Total 109,810,094 100.0 % 109,013,549 100.0 %

Native American Development (Ta

Native American Development (Tables)	3 Months Ended
Native American Development (Tables)	Mar. 31, 2024
Development Disclosure [Abstract]
Schedule of Development and Management Agreements	The following table summarizes the Company’s evaluation at March 31, 2024 of each of the critical milestones necessary to complete the North Fork Project. Federally recognized as an Indian tribe by the Bureau of Indian Affairs (“BIA”) Yes Date of recognition Federal recognition was terminated in 1966 and restored in 1983. Tribe has possession of or access to usable land upon which the project is to be built The DOI accepted approximately 305 acres of land for the project into trust for the benefit of the Mono in February 2013. Status of obtaining regulatory and governmental approvals: Tribal-state compact A compact was negotiated and signed by the Governor of California and the Mono in August 2012. The California State Assembly and Senate passed Assembly Bill 277 (“AB 277”) which ratified the Compact in May 2013 and June 2013, respectively. Opponents of the North Fork Project qualified a referendum, “Proposition 48,” for a state-wide ballot challenging the legislature’s ratification of the Compact. In November 2014, Proposition 48 failed. The State took the position that the failure of Proposition 48 nullified the ratification of the Compact and, therefore, the Compact did not take effect under California law. In March 2015, the Mono filed suit against the State to obtain a compact with the State or procedures from the Secretary of the Interior under which Class III gaming may be conducted on the North Fork Site. In July 2016, the DOI issued Secretarial procedures (the “Secretarial Procedures”) pursuant to which the Mono may conduct Class III gaming on the North Fork Site. Approval of gaming compact by DOI The Compact was submitted to the DOI in July 2013. In October 2013, notice of the Compact taking effect was published in the Federal Register. The Secretarial Procedures supersede and replace the Compact. Record of decision regarding environmental impact published by BIA In November 2012, the record of decision for the Environmental Impact Statement for the North Fork Project was issued by the BIA. In December 2012, the Notice of Intent to take land into trust was published in the Federal Register. BIA accepting usable land into trust on behalf of the tribe The North Fork Site was accepted into trust in February 2013. Approval of management agreement by NIGC In December 2015, the Mono submitted a Second Amended and Restated Management Agreement, and certain related documents, to the NIGC. In July 2016, the Mono received a deficiency letter from the NIGC seeking additional information concerning the Second Amended and Restated Management Agreement. In March 2018, the Mono submitted the Management Agreement and certain related documents to the NIGC. In June 2018, the Mono received a deficiency letter from the NIGC seeking additional information concerning the Management Agreement. In April 2021, the Mono received an issues letter from the NIGC identifying issues to be addressed prior to approval of the Management Agreement. In September 2022, the Mono received an additional issues letter from the NIGC identifying remaining issues to be addressed prior to approval of the Management Agreement. Following dialogue with the NIGC, the Mono submitted executed North Fork Project agreements to the NIGC in November, 2023. On January 5, 2024, the Chairman of the NIGC approved the Management Agreement. Gaming licenses: Type The North Fork Project will include the operation of Class II and Class III gaming, which are allowed pursuant to the terms of the Secretarial Procedures and IGRA, following approval of the Management Agreement by the NIGC. Number of gaming devices allowed The Secretarial Procedures allow for the operation of a maximum of 2,000 Class III slot machines at the facility during the first two years of operation and thereafter up to 2,500 Class III slot machines. There is no limit on the number of Class II gaming devices that the Mono can offer. Agreements with local authorities The Mono has entered into memoranda of understanding with the City of Madera, the County of Madera and the Madera Irrigation District under which the Mono agreed to pay one-time and recurring mitigation contributions, subject to certain contingencies. The memoranda of understanding have all been amended to restructure the timing of certain payments due to delays in the development of the North Fork Project.

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	3 Months Ended
Other Accrued Liabilities (Tables)	Mar. 31, 2024
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Other accrued liabilities consisted of the following (amounts in thousands): March 31, December 31, 2023 Contract and customer-related liabilities: Unpaid wagers, outstanding chips and other customer-related liabilities $ 23,174 $ 23,361 Advance deposits and future wagers 17,093 20,195 Rewards program liability 11,605 11,192 Other accrued liabilities: Construction payables and equipment purchase accruals 89,838 118,316 Accrued payroll and related 38,604 42,048 Accrued gaming and related 31,690 29,497 Operating lease liabilities, current portion 6,148 6,137 Other 30,933 29,747 $ 249,085 $ 280,493

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
Long-term Debt (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following indebtedness of Station LLC (amounts in thousands): March 31, December 31, 2023 Term Loan B Facility due March 14, 2031, interest at margin above SOFR or base rate (7.58% at March 31, 2024), net of unamortized discount and deferred costs of $22.6 million at March 31, 2024 $ 1,547,368 $ — Term Loan B Facility due February 7, 2027, interest at a margin above SOFR or base rate (7.71% at December 31, 2023), net of unamortized discount and deferred issuance costs of $15.9 million at December 31, 2023 — 1,442,054 Term Loan A Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.96% at December 31, 2023), net of unamortized discount and deferred issuance costs of $0.6 million at December 31, 2023 — 152,955 Revolving Credit Facility due March 14, 2029, interest at a margin above SOFR or base rate (6.83% at March 31, 2024) 185,000 — Revolving Credit Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.96% at December 31, 2023) — 512,000 6.625% Senior Notes due March 14, 2032, net of unamortized deferred issuance costs of $6.7 million at March 31, 2024 493,324 — 4.625% Senior Notes due December 1, 2031, net of unamortized deferred issuance costs of $4.9 million at March 31, 2024 and December 31, 2023 495,136 495,006 4.50% Senior Notes due February 15, 2028, net of unamortized discount and deferred issuance costs of $4.4 million and $4.7 million at March 31, 2024 and December 31, 2023, respectively 686,387 686,129 Other long-term debt, weighted-average interest of 3.88% at March 31, 2024 and December 31, 2023, net of unamortized discount and deferred issuance costs of $0.1 million at March 31, 2024 and December 31, 2023 39,335 39,618 Total long-term debt 3,446,550 3,327,762 Current portion of long-term debt (17,039) (26,104) Total long-term debt, net $ 3,429,511 $ 3,301,658
Schedule of Long-Term Debt, Carrying Values and Estimated Fair Values	The estimated fair value of Station LLC’s long-term debt compared with its carrying amount is presented below (amounts in millions): March 31, December 31, 2023 Aggregate fair value $ 3,392 $ 3,245 Aggregate carrying amount 3,447 3,328
Schedule of Interest Rates	The applicable margin in the case of the New Revolving Credit Facility is shown below: Revolving Credit Facility due March 14, 2029 Consolidated Senior Secured Net Leverage Ratio SOFR Base Rate Greater than 3.00 to 1.00 1.75 % 0.75 % Equal to or less than 3.00 to 1.00 1.50 % 0.50 %

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2024
Equity [Abstract]
Reconciliation of Net Income and Changes to Noncontrolling Interest	Net Income Attributable to Red Rock Resorts, Inc. and Transfers from (to) Noncontrolling Interests The table below presents the effect on Red Rock Resorts, Inc. stockholders’ equity from net income and transfers from (to) noncontrolling interests (amounts in thousands): Three Months Ended 2024 2023 Net income attributable to Red Rock Resorts, Inc. $ 42,835 $ 44,676 Transfers from (to) noncontrolling interests: Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco 2,869 (743) Net transfers from (to) noncontrolling interests 2,869 (743) Change from net income attributable to Red Rock Resorts, Inc. and net transfers from (to) noncontrolling interests $ 45,704 $ 43,933

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
Share-based Compensation (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The following table presents information about the Company’s share-based compensation awards: Restricted Class A Stock Options Shares Weighted-average grant date fair value Shares Weighted-average exercise price Outstanding at January 1, 2024 422,684 $ 42.39 6,179,510 $ 33.35 Activity during the period: Granted 182,542 58.50 712,772 58.50 Vested/exercised (a) (66,481) 31.92 (1,375,607) 25.66 Forfeited/expired — — (22,636) 41.37 Antidilution adjustment (b) — $ — 101,083 n/m Outstanding at March 31, 2024 538,745 $ 49.14 5,595,122 $ 37.81 _______________________________________________________________ (a) Stock options exercised included 796,877 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes. (b) As a result of the special dividend paid in March 2024, all outstanding stock option awards were adjusted to decrease the exercise price of the options and increase the number of shares issuable under the awards pursuant to an antidilution provision in the Equity Incentive Plan.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
Earnings (Loss) Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share is presented below (amounts in thousands): Three Months Ended 2024 2023 Net income $ 78,371 $ 85,527 Less: net income attributable to noncontrolling interests (35,536) (40,851) Net income attributable to Red Rock, basic 42,835 44,676 Effect of dilutive securities 28,074 32,272 Net income attributable to Red Rock, diluted $ 70,909 $ 76,948 Three Months Ended 2024 2023 Weighted average shares of Class A common stock outstanding, basic 58,783 57,653 Effect of dilutive securities 44,945 45,537 Weighted average shares of Class A common stock outstanding, diluted 103,728 103,190
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The calculation of diluted earnings per share of Class A common stock excluded the following potentially dilutive securities that were outstanding at March 31, 2024 and 2023, respectively, because their inclusion would have been antidilutive (amounts in thousands): Three Months Ended 2024 2023 Stock options 2,173 2,392 Unvested restricted shares of Class A common stock 173 220

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The Company utilizes adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) as its primary performance measure. The Company’s segment information and a reconciliation of net income to Adjusted EBITDA are presented below (amounts in thousands). Three Months Ended 2024 2023 Net revenues Las Vegas operations: Casino $ 316,854 $ 288,240 Food and beverage 93,278 78,147 Room 52,888 43,939 Other (a) 22,547 19,723 Las Vegas operations net revenues 485,567 430,049 Corporate and other 3,330 3,587 Net revenues $ 488,897 $ 433,636 Net income $ 78,371 $ 85,527 Adjustments Depreciation and amortization 44,873 31,095 Share-based compensation 5,875 5,296 Write-downs and other, net 2,141 19,619 Interest expense, net 57,201 42,456 Loss on extinguishment/modification of debt 14,402 — Provision for income tax 6,273 10,191 Adjusted EBITDA (b) $ 209,136 $ 194,184 Adjusted EBITDA Las Vegas operations $ 229,759 $ 214,089 Corporate and other (20,623) (19,905) Adjusted EBITDA $ 209,136 $ 194,184 _______________________________________________________________ (a) Includes tenant lease revenue of $7.7 million and $5.8 million for the three months ended March 31, 2024 and 2023, respectively. Revenue from tenant leases is accounted for under the lease accounting guidance and included in Other revenues in the Company’s Condensed Consolidated Statements of Income. (b) Adjusted EBITDA for the three months ended March 31, 2024 and 2023 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements, demolition costs and non-routine items), interest expense, net, loss on extinguishment/modification of debt and provision for income tax.	[1]

[1] Adjusted EBITDA for the three months ended March 31, 2024 and 2023 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements, demolition costs and non-routine items), interest expense, net, loss on extinguishment/modification of debt and provision for income tax.

Organization, Basis of Presen_3

Organization, Basis of Presentation and Significant Accounting Policies (Details) $ in Thousands	Mar. 31, 2024 USD ($) Casino_Property Rate	Dec. 31, 2023 USD ($)
Land held for development \| $	$ 452,785	$ 451,010
Major Hotel Casino Properties \| Wholly Owned Properties
Number of casino properties	7
Smaller Casino Properties
Number of casino properties	10
Smaller Casino Properties \| Partially Owned Properties
Parent ownership percentage (unconsolidated) \| Rate	50%
Smaller Casino Properties \| Partially Owned Properties
Number of casino properties	3
Red Rock Resorts \| Voting Units \| Station Casinos LLC
Parent ownership percentage (consolidated)	100%
Red Rock Resorts \| Non-Voting Units \| Station Holdco
Parent ownership percentage (consolidated)	58%

Noncontrolling Interest in St_3

Noncontrolling Interest in Station Holdco (Details) - shares	Mar. 31, 2024	Dec. 31, 2023
Noncontrolling Interest [Line Items]
Units outstanding (in units)	109,810,094	109,013,549
Total ownership percentage (consolidated)	100%	100%
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta \| Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Noncontrolling Interest [Line Items]
Noncontrolling ownership percentage (consolidated)	99%
Class A common stock \| Red Rock Resorts
Noncontrolling Interest [Line Items]
Units outstanding (in units)	63,824,290	63,027,745
Parent ownership percentage (consolidated)	58.10%	57.80%
Class B common stock \| LLC Unit Holders
Noncontrolling Interest [Line Items]
Units outstanding (in units)	45,985,804	45,985,804
Noncontrolling ownership percentage (consolidated)	41.90%	42.20%

Native American Development - N

Native American Development - North Fork (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) a Table_Games Slot_Machines	Dec. 31, 2023 USD ($)
Development and Management Agreements, Native American [Line Items]
Native American development costs	$ 47,365	$ 45,879
North Fork Rancheria of Mono Indians
Development and Management Agreements, Native American [Line Items]
Number of table games \| Table_Games	40
Reimbursable advances for Native American development	$ 62,500
Native American development costs	$ 47,400
Development fee, percent fee	4%
Property management fee, percent fee	30%
Management agreement, term	7 years
Development agreement, term	7 years
Estimated period to begin construction	6 months
Assets, Fair Value Adjustment	$ 15,100
North Fork Rancheria of Mono Indians \| Minimum
Development and Management Agreements, Native American [Line Items]
Number of slot machines \| Slot_Machines	2,000
Estimated costs for Native American development projects	$ 375,000
Estimated period after construction begins, facility is completed and open for business	15 months
Successful project completion	75%
North Fork Rancheria of Mono Indians \| Maximum
Development and Management Agreements, Native American [Line Items]
Number of slot machines \| Slot_Machines	2,500
Estimated costs for Native American development projects	$ 425,000
Estimated period after construction begins, facility is completed and open for business	18 months
Successful project completion	85%
North Fork Rancheria of Mono Indians \| Land Held for Development
Development and Management Agreements, Native American [Line Items]
Area of land \| a	305

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Other Accrued Liabilities [Line Items]
Construction Payable, Current	$ 89,838	$ 118,316
Rewards Program liability	11,605	11,192
Advance deposits and future wagers	17,093	20,195
Unpaid wagers, outstanding chips and other customer-related liabilities	23,174	23,361
Accrued payroll and related	38,604	42,048
Accrued gaming and related	31,690	29,497
Construction Payable, Current	89,838	118,316
Operating lease liabilities, current portion	6,148	6,137
Other	30,933	29,747
Other accrued liabilities	249,085	280,493
Durango [Member]
Schedule of Other Accrued Liabilities [Line Items]
Construction Payable, Current	57,100	100,200
Construction Payable, Current	$ 57,100	$ 100,200

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Instruments (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Current portion of long-term debt	$ (17,039,000)			$ (26,104,000)
Total long-term debt, net	3,429,511,000			3,301,658,000
Station Casinos LLC
Debt Instrument [Line Items]
Long-term debt	3,446,550,000			3,327,762,000
Current portion of long-term debt	(17,039,000)			(26,104,000)
Total long-term debt, net	3,429,511,000			3,301,658,000
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due February 7, 2027
Debt Instrument [Line Items]
Long-term debt	0			1,442,054,000
Unamortized discount and deferred issuance costs				$ 15,900,000
Effective interest rate (as a percent)				7.71%
Station Casinos LLC \| Line of Credit \| Term Loan A Facility, Due February 7, 2025
Debt Instrument [Line Items]
Long-term debt	0			$ 152,955,000
Unamortized discount and deferred issuance costs				$ 600,000
Effective interest rate (as a percent)				6.96%
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due March 14, 2031
Debt Instrument [Line Items]
Long-term debt	1,547,368,000			$ 0
Unamortized discount and deferred issuance costs	22,600,000
Effective interest rate (as a percent)		7.58%
Station Casinos LLC \| Revolving Credit Facility \| Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Long-term debt	0			512,000,000
Station Casinos LLC \| Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029
Debt Instrument [Line Items]
Long-term debt	185,000,000			0
Station Casinos LLC \| Senior Notes \| 4.625% Senior Notes, Due December 1, 2031
Debt Instrument [Line Items]
Long-term debt	495,136,000			495,006,000
Unamortized discount and deferred issuance costs	4,900,000			$ 4,900,000
Stated interest rate (as a percent)			4.625%	4.625%
Station Casinos LLC \| Senior Notes \| 4.50% Senior Notes, Due February 15, 2028
Debt Instrument [Line Items]
Long-term debt	686,387,000			$ 686,129,000
Unamortized discount and deferred issuance costs	4,400,000			$ 4,700,000
Stated interest rate (as a percent)			4.50%	4.50%
Station Casinos LLC \| Senior Notes \| 6.625% Senior Notes, Due March 14, 2032
Debt Instrument [Line Items]
Long-term debt	493,324,000			$ 0
Stated interest rate (as a percent)		6.625%	6.625%
Debt Instrument, Unamortized Discount (Premium), Net	6,700,000
Station Casinos LLC \| Other Long-term Debt
Debt Instrument [Line Items]
Unamortized discount and deferred issuance costs	100,000			$ 100,000
Weighted average interest rate (as a percent)			3.88%	3.88%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Stated interest rate (as a percent)				6.96%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029
Debt Instrument [Line Items]
Stated interest rate (as a percent)		6.83%
Station Casinos LLC \| Other Debt Obligations
Debt Instrument [Line Items]
Long-term debt	$ 39,335,000			$ 39,618,000

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) $ in Thousands	3 Months Ended		84 Months Ended
Long-term Debt - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($) Rate	Mar. 31, 2023 USD ($)	Mar. 14, 2031 Rate	Apr. 09, 2024 USD ($)	Mar. 31, 2024 Rate	Mar. 31, 2024	Mar. 14, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt	$ (14,402)	$ 0
Interest Rate Contract
Debt Instrument [Line Items]
Notional amount				$ 750,000
6.625% Senior Notes, Due March 14, 2032
Debt Instrument [Line Items]
Debt Issuance Costs Incurred	6,700
Station Casinos LLC
Debt Instrument [Line Items]
Long-term Debt	$ 3,446,550							$ 3,327,762
Long-term Debt	Long-term Debt Long-term debt consisted of the following indebtedness of Station LLC (amounts in thousands): March 31, December 31, 2023 Term Loan B Facility due March 14, 2031, interest at margin above SOFR or base rate (7.58% at March 31, 2024), net of unamortized discount and deferred costs of $22.6 million at March 31, 2024 $ 1,547,368 $ — Term Loan B Facility due February 7, 2027, interest at a margin above SOFR or base rate (7.71% at December 31, 2023), net of unamortized discount and deferred issuance costs of $15.9 million at December 31, 2023 — 1,442,054 Term Loan A Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.96% at December 31, 2023), net of unamortized discount and deferred issuance costs of $0.6 million at December 31, 2023 — 152,955 Revolving Credit Facility due March 14, 2029, interest at a margin above SOFR or base rate (6.83% at March 31, 2024) 185,000 — Revolving Credit Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.96% at December 31, 2023) — 512,000 6.625% Senior Notes due March 14, 2032, net of unamortized deferred issuance costs of $6.7 million at March 31, 2024 493,324 — 4.625% Senior Notes due December 1, 2031, net of unamortized deferred issuance costs of $4.9 million at March 31, 2024 and December 31, 2023 495,136 495,006 4.50% Senior Notes due February 15, 2028, net of unamortized discount and deferred issuance costs of $4.4 million and $4.7 million at March 31, 2024 and December 31, 2023, respectively 686,387 686,129 Other long-term debt, weighted-average interest of 3.88% at March 31, 2024 and December 31, 2023, net of unamortized discount and deferred issuance costs of $0.1 million at March 31, 2024 and December 31, 2023 39,335 39,618 Total long-term debt 3,446,550 3,327,762 Current portion of long-term debt (17,039) (26,104) Total long-term debt, net $ 3,429,511 $ 3,301,658 Credit Facility On March 14, 2024, Station LLC entered into an amended and restated credit agreement (the “Credit Agreement”), which amended and restated the existing credit agreement and pursuant to which the Company repaid all loans outstanding under the existing credit agreement and (a) incurred (i) a new senior secured term “B” loan facility in an aggregate principal amount of $1,570.0 million (the “New Term B Facility” and the term “B” loans funded thereunder, the “New Term B Loan”) and (ii) a new senior secured revolving credit facility in an aggregate principal amount of $1,100.0 million (the “New Revolving Credit Facility” and, together with the New Term B Facility, the “New Credit Facilities”), and (b) made certain other amendments to the existing credit agreement, including the extinguishment of the existing term loan “A” facility. The New Revolving Credit Facility will mature on March 14, 2029 and the New Term B Facility will mature on March 14, 2031. Borrowings under the New Credit Facilities bear interest at a rate per annum, at Station LLC’s option, equal to either the forward-looking Secured Overnight Financing Rate term (“Term SOFR”) or a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the administrative agent’s “prime rate” and (iii) the one-month Term SOFR rate plus 1.00%, in each case plus an applicable margin. Such applicable margin is, in the case of the New Term B Loan, 2.25% per annum in the case of any Term SOFR loan and 1.25% in the case of any base rate loan. The applicable margin in the case of the New Revolving Credit Facility is shown below: Revolving Credit Facility due March 14, 2029 Consolidated Senior Secured Net Leverage Ratio SOFR Base Rate Greater than 3.00 to 1.00 1.75 % 0.75 % Equal to or less than 3.00 to 1.00 1.50 % 0.50 % The New Credit Facilities contain a number of customary covenants, including requirements that Station LLC maintain throughout the term of such facilities and measured as of the end of each quarter, a maximum total secured net leverage ratio of 5.00 to 1.00. A breach of the financial ratio covenants shall only become an event of default if not cured and a Covenant Facility Acceleration has occurred. Management believes the Company was in compliance with all applicable covenants at March 31, 2024. Revolving Credit Facility At March 31, 2024, Station LLC’s borrowing availability under the New Revolving Credit Facility, subject to continued compliance with the terms of the facility, was $871.1 million, which was net of $185.0 million in outstanding borrowings and $43.9 million in outstanding letters of credit and similar obligations. 6.625% Senior Notes On March 14, 2024, Station LLC issued $500.0 million in aggregate principal amount of 6.625% senior notes due 2032 (the “6.625% Senior Notes”) pursuant to an indenture dated as of March 14, 2024, among Station LLC, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee. The net proceeds of the sale of the 6.625% Senior Notes together with the borrowings under the New Term B Loan were used (i) to refinance all loans and commitments outstanding under the Credit Facility, (ii) to pay fees and costs associated with such transactions and (iii) for general corporate purposes. Interest on the 6.625% Senior Notes will be paid every six months in arrears on March 15 and September 15, commencing on September 15, 2024. The Company capitalized $6.7 million in new costs associated with the 6.625% Senior Notes, which were primarily lender fees. The indenture governing the 6.625% Senior Notes contains a number of customary covenants that, among other things and subject to certain exceptions, restrict the ability of Station LLC and its restricted subsidiaries to incur or guarantee additional indebtedness; issue disqualified stock or create subordinated indebtedness that is not subordinated to the 6.625% Senior Notes; create liens; engage in mergers, consolidations or asset dispositions; enter into certain transactions with affiliates; engage in lines of business other than its core business and related businesses; make investments or pay dividends or distributions (other than customary tax distributions); or create restrictions on dividends or other payments by our restricted subsidiaries. These covenants are subject to a number of exceptions and qualifications as set forth in the indenture. The indenture governing the 6.625% Senior Notes also provides for events of default which, if any of them occurs, would permit or require the principal of and accrued interest on such 6.625% Senior Notes to be declared due and payable. Interest Rate Collars In April 2024, the Company entered into two interest rate collars with a total notional amount of $750.0 million. Fair Value of Long-term Debt The estimated fair value of Station LLC’s long-term debt compared with its carrying amount is presented below (amounts in millions): March 31, December 31, 2023 Aggregate fair value $ 3,392 $ 3,245 Aggregate carrying amount 3,447 3,328 The estimated fair value of Station LLC’s long-term debt is based on quoted market prices from various banks for similar instruments, which is considered a Level 2 input under the fair value measurement hierarchy.
Station Casinos LLC \| Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Aggregate fair value of long-term debt	$ 3,392,000							3,245,000
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due February 7, 2027
Debt Instrument [Line Items]
Long-term Debt	0							1,442,054
Station Casinos LLC \| Line of Credit \| Term Loan A Facility, Due February 7, 2025
Debt Instrument [Line Items]
Long-term Debt	0							152,955
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due March 14, 2031
Debt Instrument [Line Items]
Long-term Debt	$ 1,547,368							$ 0
Debt Instrument, Face Amount							$ 1,570,000
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due March 14, 2031 \| Base Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate			1.25%
Station Casinos LLC \| Line of Credit \| Term Loan B Facility, Due March 14, 2031 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate			2.25%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Consolidated Total Leverage Ratio						5
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Stated interest rate (as a percent)								6.96%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029
Debt Instrument [Line Items]
Stated interest rate (as a percent) \| Rate					6.83%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029 \| Base Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate	0.50%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029 \| Base Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate	0.75%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate	1.50%
Station Casinos LLC \| Line of Credit and Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate \| Rate	1.75%
Station Casinos LLC \| Revolving Credit Facility \| Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Long-term Debt	$ 0							$ 512,000
Station Casinos LLC \| Revolving Credit Facility \| Revolving Credit Facility Due March 14, 2029
Debt Instrument [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	871,100
Outstanding Letters of Credit, Amount	43,900
Long-term Debt	185,000							0
Line of Credit Facility, Maximum Borrowing Capacity							1,100,000
Station Casinos LLC \| Senior Notes \| 6.625% Senior Notes, Due March 14, 2032
Debt Instrument [Line Items]
Long-term Debt	$ 493,324							$ 0
Debt Instrument, Face Amount							$ 500,000
Stated interest rate (as a percent)					6.625%	6.625%

Stockholders' Equity - Changes

Stockholders' Equity - Changes in ownership of Station Holdco LLC (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in ownership of Station Holdco LLC [Line Items]
Net income attributable to Red Rock Resorts, Inc.	$ 42,835	$ 44,676
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0	0
Dividends	74,418	14,552
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	57,482	11,496
Red Rock Resorts, Inc. stockholders' equity
Changes in ownership of Station Holdco LLC [Line Items]
Net income attributable to Red Rock Resorts, Inc.	42,835	44,676
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	2,869	(743)
Net transfers from (to) noncontrolling interests	2,869	(743)
Change from net income attributable to Red Rock Resorts, Inc. and net transfers from (to) noncontrolling interests	$ 45,704	$ 43,933

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	May 07, 2024	Mar. 31, 2024	Mar. 31, 2023	Aug. 04, 2022
Class of Stock [Line Items]
Common Stock, Dividends, Per Share, Declared		$ 1
Dividends		$ 74,418	$ 14,552
Schedule of Capitalization, Equity [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid		57,482	11,496
Dividends		$ 74,418	$ 14,552
Class A common stock
Class of Stock [Line Items]
Common Stock, Dividends, Per Share, Cash Paid		$ 0.25	$ 0.25
Subsequent Event [Member]
Class of Stock [Line Items]
Distributions declared per LLC Unit (in dollars per unit)	$ 0.25
Subsequent Event [Member] \| Class A common stock
Class of Stock [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.25
Equity Repurchase Program
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 600,000
Repurchases of Class A common stock (shares)		0
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 312,900
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Schedule of Capitalization, Equity [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid		11,300	$ 11,300
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta \| Special Dividend
Schedule of Capitalization, Equity [Line Items]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid		$ 45,400

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
Stockholders' Equity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	$ 57,482	$ 11,496
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Dividends	2,100	2,100
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	11,300	$ 11,300
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta \| Special Dividend
Dividends	8,500
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	$ 45,400

Share-based Compensation Awards

Share-based Compensation Awards Under Equity Incentive Plan (Details) - Class A common stock	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Restricted stock
Restricted Class A Common Stock
Restricted stock, balance at beginning of the period (in shares)	422,684
Restricted stock, granted in period (in shares)	182,542
Restricted stock, vested in period (in shares)	(66,481)
Restricted stock, forfeited in period (in shares)	0
Restricted stock, balance at end of the period (in shares)	538,745
Weighted-average grant date fair value
Weighted average grant date fair value, restricted stock balance at the beginning of the period (in usd per share) \| $ / shares	$ 42.39
Weighted average grant date fair value, restricted stock granted (in usd per share) \| $ / shares	58.50
Weighted average grant date fair value, restricted stock vested (in usd per share) \| $ / shares	31.92
Weighted average grant date fair value, restricted stock forfeited or expired (in usd per share \| $ / shares	0
Weighted average grant date fair value, restricted stock balance at the end of the period (in usd per share) \| $ / shares	$ 49.14
Employee stock option
Stock Options
Options, balance at beginning of the period (in shares)	6,179,510
Options, granted in period (in shares)	712,772
Options, exercised in period (in shares)	(1,375,607)	[1]
Options, forfeited or expired in period (in shares)	(22,636)
Options, balance at end of the period (in shares)	5,595,122
Options, exercised in period but not converted into shares	796,877
Weighted-average exercise price
Weighted average exercise price, options balance at beginning of the period (in usd per share) \| $ / shares	$ 33.35
Weighted average exercise price, options granted in period (in usd per share) \| $ / shares	58.50
Weighted average exercise price, exercised in period (in usd per share) \| $ / shares	25.66
Weighted average exercise price, options forfeited or expired in period (in usd per share) \| $ / shares	41.37
Weighted average exercise price, options balance at end of the period (in usd per share) \| $ / shares	$ 37.81

[1] Stock options exercised included 796,877 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes. (b) As a result of the special dividend paid in March 2024, all outstanding stock option awards were adjusted to decrease the exercise price of the options and increase the number of shares issuable under the awards pursuant to an antidilution provision in the Equity Incentive Plan.

Share-based Compensation Narrat

Share-based Compensation Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 5,875	$ 5,296
Compensation cost not yet recognized	$ 71,200
Compensation cost not yet recognized, period for recognition	3 years
Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	23,800,000
Number of shares available for grant (in shares)	12,300,000
Class A common stock \| Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercised in period but not converted into shares	796,877
Class A common stock \| Share-Based Payment Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercised in period but not converted into shares	101,083

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Effective Income Tax Rate Reconciliation
Effective income tax rate	7.40%	10.70%
Federal statutory income tax rate	21%
Tax Receivable Agreement Liability
Realized tax benefits payable to related parties (as a percent of total realized tax benefits)	85%
Tax receivable agreement liability	$ 20,400		$ 22,100
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests	0	$ 0
Current portion of payable pursuant to tax receivable agreement	1,166		1,662
Amounts resulting from assignment of TRA rights and obligations to the Company
Tax Receivable Agreement Liability
Current portion of payable pursuant to tax receivable agreement	1,200
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Tax Receivable Agreement Liability
Tax receivable agreement liability	$ 5,600		$ 6,000

Earnings (Loss) Per Share - Rec

Earnings (Loss) Per Share - Reconciliation of Numerators and Denominators (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Income (Loss) Available to Common Stockholders, Diluted
Net income	$ 78,371	$ 85,527
Less: net income attributable to noncontrolling interests	(35,536)	(40,851)
Net income attributable to Red Rock Resorts, Inc.	42,835	44,676
Effect of dilutive securities	28,074	32,272
Net income attributable to Red Rock, diluted	$ 70,909	$ 76,948
Weighted Average Number of Shares Outstanding Reconciliation
Weighted average shares of Class A common stock outstanding, basic	58,783	57,653
Effect of dilutive securities	44,945	45,537
Weighted average shares of Class A common stock outstanding, diluted	103,728	103,190

Earnings (Loss) Per Share - Ant

Earnings (Loss) Per Share - Antidilutive Shares Excluded from Computation of Diluted (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2,173	2,392
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	173	220

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands		3 Months Ended
Segment Reporting (Details) $ in Thousands		Mar. 31, 2024 USD ($) Segment	Mar. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Net revenues		$ 488,897	$ 433,636
Net income		78,371	85,527
Depreciation and amortization		44,873	31,095
Share-based compensation		5,875	5,296
Write-downs and other, net		2,141	19,619
Interest expense, net		57,201	42,456
Gain (Loss) on Extinguishment of Debt		14,402	0
Provision for income tax		6,273	10,191
Adjusted EBITDA	[1]	209,136	194,184
Revenue from tenant leases		7,700	5,800
Casino
Segment Reporting Information [Line Items]
Net revenues		316,854	288,240
Food and beverage
Segment Reporting Information [Line Items]
Net revenues		93,278	78,147
Room
Segment Reporting Information [Line Items]
Net revenues		52,888	43,939
Other
Segment Reporting Information [Line Items]
Net revenues		$ 25,877	23,310
Las Vegas Operations
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment		1
Net revenues		$ 485,567	430,049
Adjusted EBITDA	[1]	229,759	214,089
Las Vegas Operations \| Casino
Segment Reporting Information [Line Items]
Net revenues		316,854	288,240
Las Vegas Operations \| Food and beverage
Segment Reporting Information [Line Items]
Net revenues		93,278	78,147
Las Vegas Operations \| Room
Segment Reporting Information [Line Items]
Net revenues		52,888	43,939
Las Vegas Operations \| Other
Segment Reporting Information [Line Items]
Net revenues	[2]	$ 22,547	19,723
Native American Management
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment		1
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	[1]	$ (20,623)	(19,905)
Corporate and Other \| Other
Segment Reporting Information [Line Items]
Net revenues		$ 3,330	$ 3,587

[1] Adjusted EBITDA for the three months ended March 31, 2024 and 2023 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements, demolition costs and non-routine items), interest expense, net, loss on extinguishment/modification of debt and provision for income tax. Includes tenant lease revenue of $7.7 million and $5.8 million for the three months ended March 31, 2024 and 2023, respectively. Revenue from tenant leases is accounted for under the lease accounting guidance and included in Other revenues in the Company’s Condensed Consolidated Statements of Income.