https://www.rrripodissected.org/wp-content/uploads/IVoted.jpg 1549 2053 Ken Liu /wp-content/uploads/stationipodissected7.png Ken Liu2021-06-18 21:32:472021-06-22 21:48:04Red Rock Resorts Public Shareholders Vote for Change
Red Rock Resorts should listen to public shareholders and adopt majority voting for directors and take steps to eliminate the dual-class share structure.
https://www.rrripodissected.org/wp-content/uploads/Three-reasons-to-eliminate-dual-class-shares-at-Red-Rock-Resorts-e1622184983661.jpg 1000 1500 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2021-05-28 06:25:532021-06-08 00:18:59Three Reasons to Eliminate Red Rock’s Dual-class Voting Structure
In the words of a recent Wall Street analyst report: “RRR’s dual-class share structure is suboptimal for most investors and has historically been an impediment to valuation optimization.”
https://www.rrripodissected.org/wp-content/uploads/iStock-1142651050-1-scaled-e1612744587606.jpg 600 860 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2021-02-08 07:55:422021-04-28 22:32:16Why did UBS start lending to Fertittas and stop lending to Red Rock? [updated 4.28.21]
Why did UBS end up by lending to the Fertittas personally but not to the public-traded company they controlled? And what caused the Fertittas to take on the margin loan in the first place?
https://www.rrripodissected.org/wp-content/uploads/Employee-Benefits-Sign.jpg 482 724 Ken Liu /wp-content/uploads/stationipodissected7.png Ken Liu2020-03-09 23:47:002020-03-09 23:55:48New Costs to Pressure Margins at Station Casinos
In December, Station Casinos announced a company-wide new benefits…
https://www.rrripodissected.org/wp-content/uploads/las-vegas-1563727930M8I.jpg 1711 1920 Ken Liu /wp-content/uploads/stationipodissected7.png Ken Liu2019-12-20 21:00:442019-12-22 01:54:25Red Rock Resorts Silent on Sports Betting
Public investors in Red Rock Resorts should ask: Does management have plans to pursue sports betting or other gaming opportunities outside of Nevada? If not, why not?
https://www.rrripodissected.org/wp-content/uploads/LONIAN1.jpg 1673 3600 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2019-12-20 20:00:382019-12-26 21:18:00Amidst chaos at Palms, Fertittas’ UBS margin loan collateral fell 38%
While Red Rock has not disclosed why the Fertittas needed the UBS margin loan in the fall last year, UBS promotes its securities-backed loans as useful for purchasing yachts, among other things.