Red Rock Resorts (RRR) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 03, 2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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	2023
Document Fiscal Period Focus	Q3
Class A common stock
Entity Common Stock, Shares Outstanding (in shares)		58,398,749
Class B common stock
Entity Common Stock, Shares Outstanding (in shares)		45,985,804

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 122,835	$ 117,289
Receivables, net	76,992	43,630
Inventories	13,638	13,199
Prepaid gaming tax	24,661	22,834
Prepaid expenses and other current assets	32,639	24,043
Assets held for sale	19,175	0
Total current assets	289,940	220,995
Property and equipment, net of accumulated depreciation of $1,254,408 and $1,168,984 at September 30, 2023 and December 31, 2022, respectively	2,631,585	2,195,017
Goodwill	195,676	195,676
Intangible assets, net of accumulated amortization of $19,399 and $18,215 at September 30, 2023 and December 31, 2022, respectively	83,201	84,385
Land held for development	451,125	449,017
Native American development costs	45,108	41,687
Deferred tax asset, net	77,015	75,741
Other assets, net	87,789	83,232
Total assets	3,861,439	3,345,750
Current liabilities:
Accounts payable	13,441	11,381
Accrued interest payable	13,405	14,460
Income tax payable	7,621	0
Other accrued liabilities	300,932	234,718
Current portion of payable pursuant to tax receivable agreement	995	6,631
Current portion of long-term debt	26,091	26,059
Total current liabilities	362,485	293,249
Long-term debt, less current portion	3,279,541	2,958,717
Other long-term liabilities	40,826	39,581
Payable pursuant to tax receivable agreement, less current portion	20,964	21,960
Total liabilities	3,703,816	3,313,507
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	3,464	0
Retained earnings	119,261	43,203
Total Red Rock Resorts, Inc. stockholders’ equity	123,310	43,784
Noncontrolling interest (deficit)	34,313	(11,541)
Total stockholders’ equity	157,623	32,243
Total liabilities and stockholders’ equity	3,861,439	3,345,750
Class A common stock
Stockholders’ equity:
Common stock	$ 584	$ 580
Common stock, shares issued (in shares)	58,398,749	58,012,937
Common stock, shares outstanding (in shares)	58,398,749	58,012,937
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	Sep. 30, 2023	Dec. 31, 2022
Accumulated depreciation	$ 1,254,408	$ 1,168,984
Accumulated amortization	$ 19,399	$ 18,215
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)	58,398,749	58,012,937
Common stock, shares outstanding (in shares)	58,398,749	58,012,937
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		9 Months Ended
	Sep. 30, 2023 USD ($) Casino_Property $ / shares shares	Sep. 30, 2022 USD ($) Casino_Property $ / shares shares	Sep. 30, 2023 USD ($) Casino_Property $ / shares shares	Sep. 30, 2022 USD ($) Casino_Property $ / shares shares
Operating revenues:
Net revenues	$ 411,606	$ 414,439	$ 1,261,372	$ 1,238,316
Operating costs and expenses:
Selling, general and administrative	91,850	91,570	277,835	268,059
Depreciation and amortization	32,535	30,789	96,368	97,311
Write-downs and other, net	15,083	3,862	44,768	16,087
Asset impairment	0	1,026	0	80,018
Operating expenses	289,069	273,739	874,647	898,578
Operating income	122,537	140,700	386,725	339,738
Earnings from joint ventures	640	822	2,293	2,678
Operating income and earnings from joint ventures	123,177	141,522	389,018	342,416
Other expense:
Interest expense, net	45,502	34,287	132,298	89,709
Income before income tax	77,675	107,235	256,720	252,707
Provision for income tax	(9,252)	(11,783)	(27,860)	(32,572)
Net income	68,423	95,452	228,860	220,135
Less: net income attributable to noncontrolling interests	32,907	45,844	109,155	106,433
Net income attributable to Red Rock Resorts, Inc.	$ 35,516	$ 49,608	$ 119,705	$ 113,702
Earnings per common share (Note 10):
Earnings (loss) per share of Class A common stock, basic (in dollars per share) | $ / shares	$ 0.61	$ 0.86	$ 2.07	$ 1.91
Earnings (loss) per share of Class A common stock, diluted (in dollars per share) | $ / shares	$ 0.60	$ 0.83	$ 1.99	$ 1.87
Weighted-average common shares outstanding:
Basic (in shares) | shares	57,961	57,889	57,815	59,458
Diluted (in shares) | shares	103,206	103,012	103,243	61,723
Major Hotel Casino Properties | Wholly Owned Properties
Weighted-average common shares outstanding:
Number of casino properties | Casino_Property	6		6
Major Hotel Casino Properties | Wholly Owned Properties | Facility Closing
Weighted-average common shares outstanding:
Number of casino properties | Casino_Property		3		3
Casino
Operating revenues:
Net revenues	$ 272,747	$ 282,386	$ 830,494	$ 842,793
Operating costs and expenses:
Operating costs and expenses	70,753	69,697	212,047	208,309
Food and beverage
Operating revenues:
Net revenues	72,778	69,799	228,548	209,254
Operating costs and expenses:
Operating costs and expenses	57,741	55,309	178,736	166,371
Room
Operating revenues:
Net revenues	42,036	39,062	130,867	120,117
Operating costs and expenses:
Operating costs and expenses	13,348	13,031	40,428	38,806
Other
Operating revenues:
Net revenues	24,045	23,192	71,463	66,152
Operating costs and expenses:
Operating costs and expenses	$ 7,759	$ 8,455	$ 24,465	$ 23,617

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, 2021	$ 50,033			$ 614	$ 1	$ 55,028	$ 3,851	$ (9,461)
Number of shares at Dec. 31, 2021				61,427,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	220,135						113,702	106,433
Share-based compensation	12,980					12,980
Distributions	(85,283)							(85,283)
Dividends	(44,363)						(44,363)
Stock option exercises and issuance of restricted stock, net	0			$ 3		(3)
Stock option exercises and issuance of restricted stock, net (shares)				308,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(3,893)					3,893
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				(41,000)
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0					36,011		(36,011)
Balance at Sep. 30, 2022	8,102			$ 580	$ 1	0	31,843	(24,322)
Number of shares at Sep. 30, 2022				57,976,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchases of Class A common stock (shares)				(3,718,000)
Repurchases of Class A common stock	(141,507)			$ 37		100,123	41,347
Balance at Jun. 30, 2022	(27,749)			$ 584	$ 1	0	13,144	(41,478)
Number of shares at Jun. 30, 2022				58,445,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	95,452						49,608	45,844
Share-based compensation	4,737					4,737
Distributions	(30,352)							(30,352)
Dividends	(14,437)						(14,437)
Stock option exercises and issuance of restricted stock, net	0			$ 1		(1)
Stock option exercises and issuance of restricted stock, net (shares)				27,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(549)					549
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				0
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0					(1,664)		1,664
Balance at Sep. 30, 2022	8,102			$ 580	$ 1	0	31,843	(24,322)
Number of shares at Sep. 30, 2022				57,976,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchases of Class A common stock (shares)				(496,000)
Repurchases of Class A common stock	(19,000)			$ 5		2,523	16,472
Balance at Dec. 31, 2022	32,243			$ 580	$ 1	0	43,203	(11,541)
Number of shares at Dec. 31, 2022		58,012,937	45,985,804	58,013,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	228,860						119,705	109,155
Share-based compensation	14,814					14,814
Distributions	(65,189)							(65,189)
Dividends	(43,647)						(43,647)
Stock option exercises and issuance of restricted stock, net	0			$ 4		(4)
Stock option exercises and issuance of restricted stock, net (shares)				415,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(9,458)					9,458
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					(1,888)		1,888
Balance at Sep. 30, 2023	157,623			$ 584	$ 1	3,464	119,261	34,313
Number of shares at Sep. 30, 2023		58,398,749	45,985,804	58,399,000	45,986,000
Balance at Jun. 30, 2023	120,707			$ 584	$ 1	1,104	98,298	20,720
Number of shares at Jun. 30, 2023				58,391,000	45,986,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	68,423						35,516	32,907
Share-based compensation	4,497					4,497
Distributions	(20,886)							(20,886)
Dividends	(14,553)						(14,553)
Stock option exercises and issuance of restricted stock, net	0			$ 0		0
Stock option exercises and issuance of restricted stock, net (shares)				8,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(565)					565
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation				0
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0					(1,572)		1,572
Balance at Sep. 30, 2023	$ 157,623			$ 584	$ 1	$ 3,464	$ 119,261	$ 34,313
Number of shares at Sep. 30, 2023		58,398,749	45,985,804	58,399,000	45,986,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Cash flows from operating activities:
Net income	$ 228,860	$ 220,135
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	96,368	97,311
Write-downs and other, net	171	(6,259)
Asset impairment	0	80,018
Amortization of debt discount and debt issuance costs	7,165	7,240
Share-based compensation	14,515	12,799
Deferred income tax	(1,274)	3,345
Changes in assets and liabilities:
Receivables, net	(33,362)	1,699
Inventories and prepaid expenses	(10,344)	(13,606)
Accounts payable	1,551	(3,521)
Accrued interest payable	(1,055)	(2,251)
Increase (Decrease) in Income Taxes Payable	7,948	2,275
Other accrued liabilities	23,494	18,384
Other, net	1,364	(118)
Net cash provided by operating activities	335,401	417,451
Cash flows from investing activities:
Capital expenditures, net of related payables	(512,518)	(198,567)
Proceeds from asset sales	380	2,706
Acquisition of land held for development	(2,108)	(174,079)
Native American development costs	(2,875)	(6,154)
Other, net	(3,416)	6,227
Net cash used in investing activities	(520,537)	(369,867)
Cash flows from financing activities:
Borrowings under credit agreements with original maturity dates greater than three months	370,500	74,500
Payments under credit agreements with original maturity dates greater than three months	(53,584)	(53,584)
Distributions to noncontrolling interests	(65,189)	(85,283)
Repurchases of Class A common stock	0	(141,507)
Payment, Tax Withholding, Share-based Payment Arrangement	(9,458)	(3,893)
Dividends paid	(44,027)	(44,723)
Tax Receivable Agreement Liability Amount Paid	(6,632)	0
Other, net	(928)	747
Net cash provided by (used in) financing activities	190,682	(253,743)
Increase (decrease) in cash and cash equivalents	5,546	(206,159)
Balance, beginning of period	117,289	307,255
Balance, end of period	122,835	101,096
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	122,835
Balance, end of period	122,835	101,096
Supplemental cash flow disclosures:
Cash paid for interest, net of $21,670 and $2,813 capitalized, respectively	126,344	84,736
Income Taxes Paid, Net	21,100	25,155
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	$ 127,155	$ 76,117

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Statement of Cash Flows [Abstract]
Capitalized interest	$ 21,670	$ 2,813
Payment, Tax Withholding, Share-based Payment Arrangement	$ (9,458)	$ (3,893)

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
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 six major gaming and entertainment facilities and ten smaller casino properties (three of which are 50% owned) in the Las Vegas regional market. In the first quarter of 2022, the Company commenced construction of Durango Casino & Resort (“Durango”) in the southwest Las Vegas valley. Durango is expected to open in December 2023. 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 September 30, 2023, 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, 2022. 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 interest in Station Holdco not owned by Red Rock within noncontrolling interest in the condensed consolidated financial statements. All intercompany accounts and transactions have been eliminated. The Company has investments in three 50% owned smaller casino properties which are joint ventures 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, 2022.

Noncontrolling Interest in Stat

Noncontrolling Interest in Station Holdco	9 Months Ended
	Sep. 30, 2023
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: September 30, 2023 December 31, 2022 Units Ownership % Units Ownership % Red Rock 62,526,996 57.6 % 62,113,911 57.5 % Noncontrolling interest holders 45,985,804 42.4 % 45,985,804 42.5 % Total 108,512,800 100.0 % 108,099,715 100.0 % The Company uses monthly weighted-average LLC Unit ownership to calculate the pretax income or loss and other comprehensive income or loss of Station Holdco attributable to Red Rock and the noncontrolling interest holders. Station Holdco equity attributable to Red Rock and the noncontrolling interest holders is rebalanced, as needed, to reflect LLC Unit ownership at period end. For the nine months ended September 30, 2022, rebalancing was primarily due to repurchases of Class A common stock.

Native American Development

Native American Development	9 Months Ended
	Sep. 30, 2023
Development Disclosure [Abstract]
Native American Development	Native American Development The Company has development and management agreements with the North Fork Rancheria of Mono Indians (the “Mono”), a federally recognized Native American tribe located near Fresno, California, which were originally entered into in 2003. In August 2014, the Mono and the Company entered into the Second Amended and Restated Development Agreement (the “Development Agreement”) and the Second Amended and Restated Management Agreement. The Mono has submitted a proposed Third Amended and Restated Management Agreement and a proposed Third Amended and Restated Development Agreement to the National Indian Gaming Commission (“NIGC”). Pursuant to the Development Agreement, the Company has assisted the Mono in developing a gaming and entertainment facility (the “North Fork Project”) to be located in Madera County, California and, pursuant to the proposed management and development agreements, the Company proposes to continue to assist the Mono in developing and to assist the Mono 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, approximately 40 table games and several restaurants, and 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 September 30, 2023 of each of the critical milestones that it has identified as necessary to complete the North Fork Project. As of September 30, 2023, each of these critical milestones has substantially been resolved, except for approval of the Management Agreement by the Chair of the NIGC. The following table summarizes the Company’s evaluation at September 30, 2023 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. Approval of the Management Agreement by the NIGC is expected to occur following the Mono’s response to the most recent issues letter. The Company believes the Management Agreement will be approved because the terms and conditions thereof are consistent with the provisions of the Indian Gaming Regulatory Act (“IGRA”). 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 filed a motion for summary judgment. 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 September 30, 2023, the Company has paid approximately $60.2 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 September 30, 2023, the carrying amount of the advances was $45.1 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 proposed 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 proposed management agreement and the proposed development agreement have a term of seven The Company expects that, upon termination or expiration of the proposed 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, and amounts due to the Company under the proposed management agreement are intended to be secured by, substantially all of the assets of the North Fork Project except the North Fork Site. In addition, the Development Agreement contains, and the proposed development and management agreements are anticipated to contain, 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 September 30, 2023. 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

Other Accrued Liabilities

Other Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Other Accrued Liabilities	Other Accrued Liabilities Other accrued liabilities consisted of the following (amounts in thousands): September 30, December 31, 2022 Contract and customer-related liabilities: Rewards Program liability $ 11,348 $ 11,620 Advance deposits and future wagers 23,360 18,346 Unpaid wagers, outstanding chips and other customer-related liabilities 20,839 20,508 Other accrued liabilities: Accrued payroll and related 45,650 36,607 Accrued gaming and related 24,664 22,513 Construction payables and equipment purchase accruals 137,434 94,291 Operating lease liabilities, current portion 5,945 4,800 Other 31,692 26,033 $ 300,932 $ 234,718 Construction payables and equipment purchase accruals at September 30, 2023 and December 31, 2022 included $128.3 million and $67.3 million, respectively, related to the development of Durango.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consisted of the following indebtedness of Station LLC (amounts in thousands): September 30, December 31, 2022 Term Loan B Facility due February 7, 2027, interest at a margin above SOFR or base rate (7.67%) at September 30, 2023, interest at margin above LIBOR or base rate (6.64%) at December 31, 2022, net of unamortized discount and deferred issuance costs of $17.0 million and $20.4 million at September 30, 2023 and December 31, 2022, respectively $ 1,444,740 $ 1,452,926 Term Loan A Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.92%) at September 30, 2023, interest at a margin above LIBOR or base rate (5.89%) at December 31, 2022, net of unamortized discount and deferred issuance costs of $0.7 million and $1.1 million at September 30, 2023 and December 31, 2022, respectively 155,190 161,898 Revolving Credit Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.92%) at September 30, 2023 and interest at a margin above LIBOR or base rate (5.89%) at December 31, 2022 485,000 149,500 4.625% Senior Notes due December 1, 2031, net of unamortized deferred issuance costs of $5.1 million and $5.5 million at September 30, 2023 and December 31, 2022, respectively 494,877 494,499 4.50% Senior Notes due February 15, 2028, net of unamortized discount and deferred issuance costs of $4.9 million and $5.6 million at September 30, 2023 and December 31, 2022, respectively 685,874 685,126 Other long-term debt, weighted-average interest of 3.88% at September 30, 2023 and December 31, 2022, net of unamortized discount and deferred issuance costs of $0.2 million at September 30, 2023 and December 31, 2022 39,951 40,827 Total long-term debt 3,305,632 2,984,776 Current portion of long-term debt (26,091) (26,059) Total long-term debt, net $ 3,279,541 $ 2,958,717 Credit Facility Station LLC’s credit facility consists of the Term Loan B Facility, the Term Loan A Facility and the Revolving Credit Facility (collectively, the “Credit Facility”). Prior to the amendment of the Credit Facility described below, the Term Loan B Facility bore interest at a rate per annum, at Station LLC’s option, equal to either LIBOR plus 2.25% or base rate plus 1.25%, and the Term Loan A Facility and Revolving Credit Facility bore interest at a rate per annum, at Station LLC’s option, equal to either LIBOR plus an amount ranging from 1.50% to 1.75% or base rate plus an amount ranging from 0.50% to 0.75%, depending on Station LLC’s consolidated total leverage ratio. The Credit Facility contains a number of customary covenants, including requirements that Station LLC maintain throughout the term of the Credit Facility and measured as of the end of each quarter, an interest coverage ratio of not less than 2.50 to 1.00 and a maximum consolidated total leverage ratio, with step-downs over the term of the Credit Facility, ranging from 5.50 to 1.00 at September 30, 2023 to 5.25 to 1.00 at December 31, 2023 and thereafter. A breach of the financial ratio covenants shall only become an event of default under the Term Loan B Facility if the lenders within the Term Loan A Facility and the Revolving Credit Facility take certain affirmative actions after the occurrence of a breach of such financial ratio covenants. Management believes the Company was in compliance with all applicable covenants at September 30, 2023. On June 6, 2023 the Company entered into the Seventh Amendment to the Credit Agreement for its Credit Facility to replace customary LIBOR language, including, but not limited to, the use of rates based on Term SOFR (“SOFR”). Effective July 1, 2023, the Term Loan B Facility bears interest at a rate per annum, at Station LLC’s option, equal to either SOFR plus 2.25% or base rate plus 1.25% and the Term Loan A Facility and Revolving Credit Facility bear interest at a rate per annum, at Station LLC’s option, equal to either SOFR plus an amount ranging from 1.50% to 1.75% or base rate plus an amount ranging from 0.50% to 0.75%, depending on Station LLC’s consolidated total leverage ratio. No other material terms of the Credit Facility were amended. Revolving Credit Facility At September 30, 2023, Station LLC’s borrowing availability under the Revolving Credit Facility, subject to continued compliance with the terms of the Credit Facility, was $512.5 million, which was net of $485.0 million in outstanding borrowings and $33.5 million in outstanding letters of credit and similar obligations. 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): September 30, December 31, 2022 Aggregate fair value $ 3,164 $ 2,796 Aggregate carrying amount 3,306 2,985 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.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Net Income Attributable to Red Rock Resorts, Inc. and Transfers (to) from Noncontrolling Interests The table below presents the effect on Red Rock Resorts, Inc. stockholders’ equity from net income and transfers (to) from noncontrolling interests (amounts in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net income attributable to Red Rock Resorts, Inc. $ 35,516 $ 49,608 $ 119,705 $ 113,702 Transfers (to) from noncontrolling interests: Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco (1,572) (1,664) (1,888) 36,011 Net transfers (to) from noncontrolling interests (1,572) (1,664) (1,888) 36,011 Change from net income attributable to Red Rock Resorts, Inc. and net transfers (to) from noncontrolling interests $ 33,944 $ 47,944 $ 117,817 $ 149,713 Dividends and Distributions During the three and nine months ended September 30, 2023 and 2022, the Company declared and paid cash dividends of $0.25 and $0.75 per share of Class A common stock, respectively, which included $2.1 million and $6.4 million, respectively, paid to Fertitta Family Entities. During the three and nine months ended September 30, 2023, Station Holdco paid distributions to noncontrolling interest holders of $20.9 million and $65.2 million, respectively, which included $20.6 million and $64.3 million, respectively, paid to Fertitta Family Entities. During the three and nine months ended September 30, 2022, Station Holdco paid distributions to noncontrolling interest holders of $30.4 million and $85.3 million, respectively, which included $30.0 million and $84.2 million, respectively, paid to Fertitta Family Entities. On November 7, 2023, the Company announced that it would pay a dividend of $0.25 per share to Class A shareholders of record as of December 15, 2023 to be paid on December 29, 2023. Prior to the payment of the dividend, Station Holdco will make a cash distribution to all LLC Unit holders, including the Company, of $0.25 per LLC Unit, a portion of which will be paid to the other unit holders of Station Holdco. Equity Repurchase Program

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2023
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 23.7 million shares of Class A common stock are reserved for issuance under the plan, of which approximately 11.6 million shares were available for issuance at September 30, 2023. 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, 2023 449,151 $ 37.51 7,364,157 $ 28.52 Activity during the period: Granted 129,960 47.05 1,202,242 47.05 Vested/exercised (a) (117,215) 29.48 (983,933) 22.95 Forfeited/expired (39,036) 41.53 (253,441) 38.47 Outstanding at September 30, 2023 422,860 $ 42.29 7,329,025 $ 31.96 _______________________________________________________________ (a) Stock options exercised included 660,211 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes. The Company recognized share-based compensation expense of $4.4 million and $14.5 million for the three and nine months ended September 30, 2023, respectively, and $4.7 million and $12.8 million for the three and nine months ended September 30, 2022, respectively. At September 30, 2023, unrecognized share-based compensation cost was $51.8 million, which is expected to be recognized over a weighted-average period of 2.8 years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
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 and nine months ended September 30, 2023 was 11.9% and 10.9%, respectively, as compared to 11.0% and 12.9% for the three and nine months ended September 30, 2022, respectively. The Company’s effective tax rate for the three and nine months ended September 30, 2023 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. 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 that the Company’s deferred tax assets will be realized. The Company determined that the deferred tax asset related to the LLC Units issued in the IPO and reorganization transactions is not expected to be realized unless the Company disposes of its investment in Station Holdco. As such, the Company established a valuation allowance against this portion of its deferred tax asset. The Company recognizes changes to the valuation allowance through the provision for income tax or other comprehensive income, as applicable. 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 September 30, 2023 and December 31, 2022, the Company’s liability under the TRA was $22.0 million and $28.6 million, respectively, of which $6.0 million and $9.2 million, respectively, was payable to Fertitta Family Entities. No LLC Units were exchanged during the three and nine months ended September 30, 2023 or 2022. During the nine months ended September 30, 2023 the Company made payments on the TRA liability of $6.6 million and expects to pay $1.0 million of the TRA liability within the next twelve months. The timing and amount of aggregate payments due under the TRA may vary based on a number of factors, including the amount and timing of the taxable income the Company generates each year and the tax rate then applicable. The payment obligations under the TRA are Red Rock’s obligations and are not obligations of Station Holdco or Station LLC. Payments are generally due within a specified period of time following the filing of the Company’s annual tax return and interest on such payments will accrue from the original due date (without extensions) of the income tax return until the date paid. Payments not made within the required period after the filing of the income tax return generally accrue interest. The TRA will remain in effect until all such tax benefits have been utilized or expired, unless the Company exercises its right to terminate the TRA. The TRA will also terminate if the Company breaches its obligations under the TRA or upon certain mergers, asset sales or other forms of business combinations, or other changes of control. If the Company exercises its right to terminate the TRA, or if the TRA is terminated early in accordance with its terms, the Company’s payment obligations would be accelerated based upon certain assumptions, including the assumption that the Company would have sufficient future taxable income to utilize such tax benefits, and may substantially exceed the actual benefits, if any, the Company realizes in respect of the tax attributes subject to the TRA.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2023
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 and nine months ended September 30, 2023 and the three months ended September 30, 2022 represented outstanding shares of Class B common stock, nonvested restricted shares of Class A common stock and outstanding stock options. For the nine months ended September 30, 2022, dilutive shares included in the calculation of diluted earnings per share represented 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 Nine Months Ended 2023 2022 2023 2022 Net income $ 68,423 $ 95,452 $ 228,860 $ 220,135 Less: net income attributable to noncontrolling interests (32,907) (45,844) (109,155) (106,433) Net income attributable to Red Rock, basic 35,516 49,608 119,705 113,702 Effect of dilutive securities 25,996 36,217 86,232 1,817 Net income attributable to Red Rock, diluted $ 61,512 $ 85,825 $ 205,937 $ 115,519 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Weighted average shares of Class A common stock outstanding, basic 57,961 57,889 57,815 59,458 Effect of dilutive securities 45,245 45,123 45,428 2,265 Weighted average shares of Class A common stock outstanding, diluted 103,206 103,012 103,243 61,723 The calculation of diluted earnings per share of Class A common stock excluded the following potentially dilutive securities that were outstanding at September 30, 2023 and 2022, respectively, because their inclusion would have been antidilutive (amounts in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Shares of Class B common stock and LLC Units exchangeable for Class A common stock — — — 45,986 Stock options 2,244 2,017 2,244 1,192 Unvested restricted shares of Class A common stock 149 105 149 104 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	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe 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	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segments	SegmentsThe Company views each of its Las Vegas casino properties and its Native American management arrangements as individual operating segments. 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. The Company utilizes 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 Nine Months Ended 2023 2022 2023 2022 Net revenues Las Vegas operations: Casino $ 272,747 $ 282,386 $ 830,494 $ 842,793 Food and beverage 72,778 69,799 228,548 209,254 Room 42,036 39,062 130,867 120,117 Other (a) 20,398 20,313 60,677 59,237 Las Vegas operations net revenues 407,959 411,560 1,250,586 1,231,401 Native American management: Management fees — — — — Reportable segment net revenues 407,959 411,560 1,250,586 1,231,401 Corporate and other 3,647 2,879 10,786 6,915 Net revenues $ 411,606 $ 414,439 $ 1,261,372 $ 1,238,316 Net income $ 68,423 $ 95,452 $ 228,860 $ 220,135 Adjustments Depreciation and amortization 32,535 30,789 96,368 97,311 Share-based compensation 4,390 4,662 14,515 12,799 Write-downs and other, net 15,083 3,862 44,768 16,087 Asset impairment — 1,026 — 80,018 Interest expense, net 45,502 34,287 132,298 89,709 Provision for income tax 9,252 11,783 27,860 32,572 Other — — — 846 Adjusted EBITDA (b) $ 175,185 $ 181,861 $ 544,669 $ 549,477 Adjusted EBITDA Las Vegas operations $ 191,412 $ 199,920 $ 598,552 $ 605,985 Native American management — (120) — (3,568) Reportable segment Adjusted EBITDA 191,412 199,800 598,552 602,417 Corporate and other (16,227) (17,939) (53,883) (52,940) Adjusted EBITDA $ 175,185 $ 181,861 $ 544,669 $ 549,477 _______________________________________________________________ (a) Includes tenant lease revenue of $6.4 million and $19.0 million for the three and nine months ended September 30, 2023, respectively, and $5.4 million and $15.5 million for the three and nine months ended September 30, 2022, 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 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, demolition costs, development, preopening, business innovation and technology enhancements, contract termination costs and non-routine items), asset impairment, interest expense, net, provision for income tax and other.

Organization, Basis of Presen_2

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
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, 2022. 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 interest in Station Holdco not owned by Red Rock within noncontrolling interest in the condensed consolidated financial statements. All intercompany accounts and transactions have been eliminated. The Company has investments in three 50% owned smaller casino properties which are joint ventures 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, 2022.
New Accounting Pronouncements	Recently Adopted Accounting Standards In March 2020 and December 2022, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848) and ASU 2022-06, Reference Rate Reform (Topic 848), Deferral of the Sunset Date of Topic 848, respectively. The ASUs were intended to ease the potential accounting and financial reporting burden of reference rate reform, including the expected market transition from London Interbank Offered Rate (“LIBOR”). ASU 2020-04 provides an optional expedient and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. ASU 2022-06 extended the sunset date of Topic 848 to December 31, 2024 from December 31, 2022. The interest rates associated with the Company’s previous borrowings under its Credit Facility (as defined in Note 6) were tied to LIBOR. The Company adopted ASU 2020-04 upon the amendment of its Credit Facility on June 6, 2023, and effective July 1, 2023, the LIBOR rate was replaced with the Term Secured Overnight Financing Rate (“Term SOFR”) (see Note 6). The Company elected to apply the optional expedient for contract modifications to the Credit Facility amendment and accordingly, will treat the interest rate replacement as a non-substantial modification. The adoption of ASU 2020-04 did not have a material impact on the Company’s financial condition or results of operations.

Income Taxes (Policies)

Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2023
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)	9 Months Ended
	Sep. 30, 2023
Noncontrolling Interest [Abstract]
Noncontrolling Interest Ownership	The ownership of the LLC Units is summarized as follows: September 30, 2023 December 31, 2022 Units Ownership % Units Ownership % Red Rock 62,526,996 57.6 % 62,113,911 57.5 % Noncontrolling interest holders 45,985,804 42.4 % 45,985,804 42.5 % Total 108,512,800 100.0 % 108,099,715 100.0 %

Native American Development (Ta

Native American Development (Tables)	9 Months Ended
	Sep. 30, 2023
Development Disclosure [Abstract]
Schedule of Development and Management Agreements	The following table summarizes the Company’s evaluation at September 30, 2023 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. Approval of the Management Agreement by the NIGC is expected to occur following the Mono’s response to the most recent issues letter. The Company believes the Management Agreement will be approved because the terms and conditions thereof are consistent with the provisions of the Indian Gaming Regulatory Act (“IGRA”). 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)	9 Months Ended
	Sep. 30, 2023
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Other accrued liabilities consisted of the following (amounts in thousands): September 30, December 31, 2022 Contract and customer-related liabilities: Rewards Program liability $ 11,348 $ 11,620 Advance deposits and future wagers 23,360 18,346 Unpaid wagers, outstanding chips and other customer-related liabilities 20,839 20,508 Other accrued liabilities: Accrued payroll and related 45,650 36,607 Accrued gaming and related 24,664 22,513 Construction payables and equipment purchase accruals 137,434 94,291 Operating lease liabilities, current portion 5,945 4,800 Other 31,692 26,033 $ 300,932 $ 234,718

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following indebtedness of Station LLC (amounts in thousands): September 30, December 31, 2022 Term Loan B Facility due February 7, 2027, interest at a margin above SOFR or base rate (7.67%) at September 30, 2023, interest at margin above LIBOR or base rate (6.64%) at December 31, 2022, net of unamortized discount and deferred issuance costs of $17.0 million and $20.4 million at September 30, 2023 and December 31, 2022, respectively $ 1,444,740 $ 1,452,926 Term Loan A Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.92%) at September 30, 2023, interest at a margin above LIBOR or base rate (5.89%) at December 31, 2022, net of unamortized discount and deferred issuance costs of $0.7 million and $1.1 million at September 30, 2023 and December 31, 2022, respectively 155,190 161,898 Revolving Credit Facility due February 7, 2025, interest at a margin above SOFR or base rate (6.92%) at September 30, 2023 and interest at a margin above LIBOR or base rate (5.89%) at December 31, 2022 485,000 149,500 4.625% Senior Notes due December 1, 2031, net of unamortized deferred issuance costs of $5.1 million and $5.5 million at September 30, 2023 and December 31, 2022, respectively 494,877 494,499 4.50% Senior Notes due February 15, 2028, net of unamortized discount and deferred issuance costs of $4.9 million and $5.6 million at September 30, 2023 and December 31, 2022, respectively 685,874 685,126 Other long-term debt, weighted-average interest of 3.88% at September 30, 2023 and December 31, 2022, net of unamortized discount and deferred issuance costs of $0.2 million at September 30, 2023 and December 31, 2022 39,951 40,827 Total long-term debt 3,305,632 2,984,776 Current portion of long-term debt (26,091) (26,059) Total long-term debt, net $ 3,279,541 $ 2,958,717
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): September 30, December 31, 2022 Aggregate fair value $ 3,164 $ 2,796 Aggregate carrying amount 3,306 2,985

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Reconciliation of Net Income and Changes to Noncontrolling Interest	Net Income Attributable to Red Rock Resorts, Inc. and Transfers (to) from Noncontrolling Interests The table below presents the effect on Red Rock Resorts, Inc. stockholders’ equity from net income and transfers (to) from noncontrolling interests (amounts in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Net income attributable to Red Rock Resorts, Inc. $ 35,516 $ 49,608 $ 119,705 $ 113,702 Transfers (to) from noncontrolling interests: Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco (1,572) (1,664) (1,888) 36,011 Net transfers (to) from noncontrolling interests (1,572) (1,664) (1,888) 36,011 Change from net income attributable to Red Rock Resorts, Inc. and net transfers (to) from noncontrolling interests $ 33,944 $ 47,944 $ 117,817 $ 149,713

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
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, 2023 449,151 $ 37.51 7,364,157 $ 28.52 Activity during the period: Granted 129,960 47.05 1,202,242 47.05 Vested/exercised (a) (117,215) 29.48 (983,933) 22.95 Forfeited/expired (39,036) 41.53 (253,441) 38.47 Outstanding at September 30, 2023 422,860 $ 42.29 7,329,025 $ 31.96 _______________________________________________________________ (a) Stock options exercised included 660,211 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended 2023 2022 2023 2022 Net income $ 68,423 $ 95,452 $ 228,860 $ 220,135 Less: net income attributable to noncontrolling interests (32,907) (45,844) (109,155) (106,433) Net income attributable to Red Rock, basic 35,516 49,608 119,705 113,702 Effect of dilutive securities 25,996 36,217 86,232 1,817 Net income attributable to Red Rock, diluted $ 61,512 $ 85,825 $ 205,937 $ 115,519 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Weighted average shares of Class A common stock outstanding, basic 57,961 57,889 57,815 59,458 Effect of dilutive securities 45,245 45,123 45,428 2,265 Weighted average shares of Class A common stock outstanding, diluted 103,206 103,012 103,243 61,723
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 September 30, 2023 and 2022, respectively, because their inclusion would have been antidilutive (amounts in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Shares of Class B common stock and LLC Units exchangeable for Class A common stock — — — 45,986 Stock options 2,244 2,017 2,244 1,192 Unvested restricted shares of Class A common stock 149 105 149 104

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The Company utilizes 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 Nine Months Ended 2023 2022 2023 2022 Net revenues Las Vegas operations: Casino $ 272,747 $ 282,386 $ 830,494 $ 842,793 Food and beverage 72,778 69,799 228,548 209,254 Room 42,036 39,062 130,867 120,117 Other (a) 20,398 20,313 60,677 59,237 Las Vegas operations net revenues 407,959 411,560 1,250,586 1,231,401 Native American management: Management fees — — — — Reportable segment net revenues 407,959 411,560 1,250,586 1,231,401 Corporate and other 3,647 2,879 10,786 6,915 Net revenues $ 411,606 $ 414,439 $ 1,261,372 $ 1,238,316 Net income $ 68,423 $ 95,452 $ 228,860 $ 220,135 Adjustments Depreciation and amortization 32,535 30,789 96,368 97,311 Share-based compensation 4,390 4,662 14,515 12,799 Write-downs and other, net 15,083 3,862 44,768 16,087 Asset impairment — 1,026 — 80,018 Interest expense, net 45,502 34,287 132,298 89,709 Provision for income tax 9,252 11,783 27,860 32,572 Other — — — 846 Adjusted EBITDA (b) $ 175,185 $ 181,861 $ 544,669 $ 549,477 Adjusted EBITDA Las Vegas operations $ 191,412 $ 199,920 $ 598,552 $ 605,985 Native American management — (120) — (3,568) Reportable segment Adjusted EBITDA 191,412 199,800 598,552 602,417 Corporate and other (16,227) (17,939) (53,883) (52,940) Adjusted EBITDA $ 175,185 $ 181,861 $ 544,669 $ 549,477 _______________________________________________________________ (a) Includes tenant lease revenue of $6.4 million and $19.0 million for the three and nine months ended September 30, 2023, respectively, and $5.4 million and $15.5 million for the three and nine months ended September 30, 2022, 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 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, demolition costs, development, preopening, business innovation and technology enhancements, contract termination costs and non-routine items), asset impairment, interest expense, net, provision for income tax and other.	[1]
[1]Adjusted EBITDA includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, demolition costs, development, preopening, business innovation and technology enhancements, contract termination costs and non-routine items), asset impairment, interest expense, net, provision for income tax and other.

Organization, Basis of Presen_3

Organization, Basis of Presentation and Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023 USD ($) Casino_Property Rate	Dec. 31, 2022 USD ($)	Sep. 30, 2022 Casino_Property
Land held for development | $		$ 451,125	$ 449,017
Texas Station
Long-Lived Assets Held-for-Sale, Term	12 months
Fiesta Rancho [Member]
Long-Lived Assets Held-for-Sale, Term	12 months
Major Hotel Casino Properties | Wholly Owned Properties
Number of casino properties		6
Major Hotel Casino Properties | Wholly Owned Properties | Facility Closing
Number of casino properties				3
Smaller Casino Properties
Number of casino properties		10
Smaller Casino Properties | Partially Owned Properties
Number of casino properties		3
Parent ownership percentage (unconsolidated) | Rate		50%
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	Sep. 30, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Units outstanding (in units)	108,512,800	108,099,715
Total ownership percentage (consolidated)	100%	100%
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)	62,526,996	62,113,911
Parent ownership percentage (consolidated)	57.60%	57.50%
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)	42.40%	42.50%

Native American Development - N

Native American Development - North Fork (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) a Slot_Machines Table_Games	Dec. 31, 2022 USD ($)
Development and Management Agreements, Native American [Line Items]
Native American development costs	$ 45,108	$ 41,687
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	$ 60,200
Native American development costs	$ 45,100
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	Sep. 30, 2023	Dec. 31, 2022
Schedule of Other Accrued Liabilities [Line Items]
Construction payables and equipment purchase accruals	$ 137,434	$ 94,291
Rewards Program liability	11,348	11,620
Advance deposits and future wagers	23,360	18,346
Unpaid wagers, outstanding chips and other customer-related liabilities	20,839	20,508
Accrued payroll and related	45,650	36,607
Accrued gaming and related	24,664	22,513
Construction payables and equipment purchase accruals	137,434	94,291
Operating lease liabilities, current portion	5,945	4,800
Other	31,692	26,033
Other accrued liabilities	300,932	234,718
Durango [Member]
Schedule of Other Accrued Liabilities [Line Items]
Construction payables and equipment purchase accruals	128,300	67,300
Construction payables and equipment purchase accruals	$ 128,300	$ 67,300

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-term Instruments (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ (26,091,000)	$ (26,059,000)
Total long-term debt, net	3,279,541,000	2,958,717,000
Station Casinos LLC
Debt Instrument [Line Items]
Long-term debt	3,305,632,000	2,984,776,000
Current portion of long-term debt	(26,091,000)	(26,059,000)
Total long-term debt, net	3,279,541,000	2,958,717,000
Station Casinos LLC | Line of Credit | Term Loan B Facility, Due February 7, 2027
Debt Instrument [Line Items]
Long-term debt	1,444,740,000	1,452,926,000
Unamortized discount and deferred issuance costs	$ 17,000,000	$ 20,400,000
Effective interest rate (as a percent)	7.67%	6.64%
Station Casinos LLC | Line of Credit | Term Loan A Facility, Due February 7, 2025
Debt Instrument [Line Items]
Long-term debt	$ 155,190,000	$ 161,898,000
Unamortized discount and deferred issuance costs	$ 700,000	$ 1,100,000
Effective interest rate (as a percent)	6.92%	5.89%
Station Casinos LLC | Revolving Credit Facility | Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Long-term debt	$ 485,000,000	$ 149,500,000
Station Casinos LLC | Senior Notes | 4.625% Senior Notes, Due December 1, 2031
Debt Instrument [Line Items]
Long-term debt	494,877,000	494,499,000
Unamortized discount and deferred issuance costs	$ 5,100,000	$ 5,500,000
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	$ 685,874,000	$ 685,126,000
Unamortized discount and deferred issuance costs	$ 4,900,000	$ 5,600,000
Stated interest rate (as a percent)	4.50%	4.50%
Station Casinos LLC | Other Long-term Debt
Debt Instrument [Line Items]
Long-term debt	$ 39,951,000	$ 40,827,000
Unamortized discount and deferred issuance costs	$ 200,000	$ 200,000
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)	6.92%	5.89%

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - Station Casinos LLC $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) Rate	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Long-term Debt | $	$ 3,305,632	$ 2,984,776
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Aggregate fair value of long-term debt | $	3,164,000	2,796,000
Line of Credit | Term Loan B Facility, Due February 7, 2027
Debt Instrument [Line Items]
Long-term Debt | $	$ 1,444,740	1,452,926
Line of Credit | Term Loan B Facility, Due February 7, 2027 | Base Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit | Term Loan B Facility, Due February 7, 2027 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit | Term Loan B Facility, Due February 7, 2027 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Line of Credit | Term Loan A Facility, Due February 7, 2025
Debt Instrument [Line Items]
Long-term Debt | $	$ 155,190	161,898
Line of Credit and Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest Coverage Ratio	2.50
Line of Credit and Revolving Credit Facility | Maximum | First Period
Debt Instrument [Line Items]
Consolidated Total Leverage Ratio	5.50
Line of Credit and Revolving Credit Facility | Maximum | Last Period
Debt Instrument [Line Items]
Consolidated Total Leverage Ratio	5.25
Line of Credit and Revolving Credit Facility | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | Base Rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Line of Credit and Revolving Credit Facility | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | Base Rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Line of Credit and Revolving Credit Facility | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit and Revolving Credit Facility | Revolving Credit Facility and Term Loan A Facility, Due February 7, 2025 | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Revolving Credit Facility | Revolving Credit Facility Due February 7, 2025
Debt Instrument [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount | $	$ 512,500
Outstanding Letters of Credit, Amount | $	33,500
Long-term Debt | $	$ 485,000	$ 149,500

Stockholders' Equity - Changes

Stockholders' Equity - Changes in ownership of Station Holdco LLC (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Changes in ownership of Station Holdco LLC [Line Items]
Net income attributable to Red Rock Resorts, Inc.	$ 35,516	$ 49,608	$ 119,705	$ 113,702
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	0	$ 0	0	$ 0
Equity Repurchase Program
Changes in ownership of Station Holdco LLC [Line Items]
Stock Repurchased and Retired During Period, Weighted Average Price per Share		$ 38.33		$ 38.06
Stock Repurchase Program, Remaining Authorized Repurchase Amount	312,900		312,900
Red Rock Resorts, Inc. stockholders' equity
Changes in ownership of Station Holdco LLC [Line Items]
Net income attributable to Red Rock Resorts, Inc.	35,516	$ 49,608	119,705	$ 113,702
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco	(1,572)	(1,664)	(1,888)	36,011
Net transfers (to) from noncontrolling interests	(1,572)	(1,664)	(1,888)	36,011
Change from net income attributable to Red Rock Resorts, Inc. and net transfers (to) from noncontrolling interests	$ 33,944	$ 47,944	$ 117,817	$ 149,713

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Nov. 07, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Aug. 04, 2022
Class of Stock [Line Items]
Stock Repurchased and Retired During Period, Value			$ 19,000		$ 141,507
Dividends		$ 14,553	$ 14,437	$ 43,647	$ 44,363
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Class of Stock [Line Items]
Dividends		$ 2,100		$ 6,400
Class A common stock
Class of Stock [Line Items]
Common Stock, Dividends, Per Share, Cash Paid		$ 0.25	$ 0.25	$ 0.75	$ 0.75
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	500,000	0	3,700,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 312,900		$ 312,900
Stock Repurchased and Retired During Period, Value			$ 19,000		$ 141,500
Stock Repurchased and Retired During Period, Weighted Average Price per Share			$ 38.33		$ 38.06

Share-based Compensation Awards

Share-based Compensation Awards Under Equity Incentive Plan (Details) - Class A common stock	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Restricted stock
Restricted Class A Common Stock
Restricted stock, balance at beginning of the period (in shares)	449,151
Restricted stock, granted in period (in shares)	129,960
Restricted stock, vested in period (in shares)	(117,215)
Restricted stock, forfeited in period (in shares)	(39,036)
Restricted stock, balance at end of the period (in shares)	422,860
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	$ 37.51
Weighted average grant date fair value, restricted stock granted (in usd per share) | $ / shares	47.05
Weighted average grant date fair value, restricted stock vested (in usd per share) | $ / shares	29.48
Weighted average grant date fair value, restricted stock forfeited or expired (in usd per share | $ / shares	41.53
Weighted average grant date fair value, restricted stock balance at the end of the period (in usd per share) | $ / shares	$ 42.29
Employee stock option
Stock Options
Options, balance at beginning of the period (in shares)	7,364,157
Options, granted in period (in shares)	1,202,242
Options, exercised in period (in shares)	(983,933)	[1]
Options, forfeited or expired in period (in shares)	(253,441)
Options, balance at end of the period (in shares)	7,329,025
Options, exercised in period but not converted into shares	660,211
Weighted-average exercise price
Weighted average exercise price, options balance at beginning of the period (in usd per share) | $ / shares	$ 28.52
Weighted average exercise price, options granted in period (in usd per share) | $ / shares	47.05
Weighted average exercise price, exercised in period (in usd per share) | $ / shares	22.95
Weighted average exercise price, options forfeited or expired in period (in usd per share) | $ / shares	38.47
Weighted average exercise price, options balance at end of the period (in usd per share) | $ / shares	$ 31.96
[1]Stock options exercised included 660,211 options that were not converted into shares due to net share settlements to cover the aggregate exercise price and employee withholding taxes.

Share-based Compensation Narrat

Share-based Compensation Narrative (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 4,390	$ 4,662	$ 14,515	$ 12,799
Compensation cost not yet recognized	$ 51,800		$ 51,800
Compensation cost not yet recognized, period for recognition			2 years 9 months 18 days
Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	23.7		23.7
Number of shares available for grant (in shares)	11.6		11.6

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Effective Income Tax Rate Reconciliation
Effective income tax rate	11.90%	11%	10.90%	12.90%
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	$ 22,000		$ 22,000		$ 28,600
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests	0	$ 0	0	$ 0
Current portion of payable pursuant to tax receivable agreement	995		995		6,631
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	1,000		1,000
Entities related to Frank J. Fertitta III and Lorenzo J Fertitta
Tax Receivable Agreement Liability
Tax receivable agreement liability	$ 6,000		$ 6,000		$ 9,200

Earnings (Loss) Per Share - Rec

Earnings (Loss) Per Share - Reconciliation of Numerators and Denominators (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Income (Loss) Available to Common Stockholders, Diluted
Net income	$ 68,423	$ 95,452	$ 228,860	$ 220,135
Less: net income attributable to noncontrolling interests	(32,907)	(45,844)	(109,155)	(106,433)
Net income attributable to Red Rock Resorts, Inc.	35,516	49,608	119,705	113,702
Effect of dilutive securities	25,996	36,217	86,232	1,817
Net income attributable to Red Rock, diluted	$ 61,512	$ 85,825	$ 205,937	$ 115,519
Weighted Average Number of Shares Outstanding Reconciliation
Weighted average shares of Class A common stock outstanding, basic	57,961	57,889	57,815	59,458
Effect of dilutive securities	45,245	45,123	45,428	2,265
Weighted average shares of Class A common stock outstanding, diluted	103,206	103,012	103,243	61,723

Earnings (Loss) Per Share - Ant

Earnings (Loss) Per Share - Antidilutive Shares Excluded from Computation of Diluted (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Class B common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	45,986
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)	2,244	2,017	2,244	1,192
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	149	105	149	104

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2023 USD ($)		Sep. 30, 2022 USD ($)		Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Segment	Sep. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Net revenues	$ 411,606		$ 414,439			$ 1,261,372	$ 1,238,316
Net income	68,423		95,452			228,860	220,135
Depreciation and amortization	32,535		30,789			96,368	97,311
Share-based compensation	4,390		4,662			14,515	12,799
Write-downs and other, net	15,083		3,862			44,768	16,087
Asset impairment	0		1,026		$ 79,000	0	80,018
Interest expense, net	45,502		34,287			132,298	89,709
Provision for income tax	9,252		11,783			27,860	32,572
Other	0		0			0	(846)
Adjusted EBITDA	175,185	[1]	181,861	[1]		544,669	549,477
Revenue from tenant leases	6,400		5,400			19,000	15,500
Casino
Segment Reporting Information [Line Items]
Net revenues	272,747		282,386			830,494	842,793
Food and beverage
Segment Reporting Information [Line Items]
Net revenues	72,778		69,799			228,548	209,254
Room
Segment Reporting Information [Line Items]
Net revenues	42,036		39,062			130,867	120,117
Other
Segment Reporting Information [Line Items]
Net revenues	24,045		23,192			$ 71,463	66,152
Las Vegas Operations
Segment Reporting Information [Line Items]
Number of reportable segments | Segment						1
Net revenues	407,959		411,560			$ 1,250,586	1,231,401
Adjusted EBITDA	191,412	[1]	199,920	[1]		598,552	605,985
Las Vegas Operations | Casino
Segment Reporting Information [Line Items]
Net revenues	272,747		282,386			830,494	842,793
Las Vegas Operations | Food and beverage
Segment Reporting Information [Line Items]
Net revenues	72,778		69,799			228,548	209,254
Las Vegas Operations | Room
Segment Reporting Information [Line Items]
Net revenues	42,036		39,062			130,867	120,117
Las Vegas Operations | Other
Segment Reporting Information [Line Items]
Net revenues	20,398	[2]	20,313	[2]		$ 60,677	59,237
Native American Management
Segment Reporting Information [Line Items]
Number of reportable segments | Segment						1
Adjusted EBITDA	0	[1]	(120)	[1]		$ 0	(3,568)
Native American Management | Management Service [Member]
Segment Reporting Information [Line Items]
Net revenues	0		0			0	0
Reportable Segments
Segment Reporting Information [Line Items]
Net revenues	407,959		411,560			1,250,586	1,231,401
Adjusted EBITDA	191,412	[1]	199,800	[1]		598,552	602,417
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(16,227)	[1]	(17,939)	[1]		(53,883)	(52,940)
Corporate and Other | Other
Segment Reporting Information [Line Items]
Net revenues	$ 3,647		$ 2,879			$ 10,786	$ 6,915
[1]Adjusted EBITDA includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, demolition costs, development, preopening, business innovation and technology enhancements, contract termination costs and non-routine items), asset impairment, interest expense, net, provision for income tax and other.[2]Includes tenant lease revenue of $6.4 million and $19.0 million for the three and nine months ended September 30, 2023, respectively, and $5.4 million and $15.5 million for the three and nine months ended September 30, 2022, 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.

Uncategorized Items - rrr-20230

Label	Element	Value
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	$ 20,900,000
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	30,400,000
Fertitta Family Entities [Member]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	84,200,000
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	64,300,000
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	20,600,000
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid	$ 30,000,000