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.
https://www.rrripodissected.org/wp-content/uploads/money-4418858_1920.jpg 1371 1920 Ken Liu /wp-content/uploads/stationipodissected7.png Ken Liu2019-12-20 19:00:552019-12-21 08:56:14How much has Palms cost Red Rock Resorts shareholders?
With the Palms project, Red Rock management wiped out $1 billion of shareholder equity. More than $8.00 per share of equity value evaporated because of the Palms project.
https://www.rrripodissected.org/wp-content/uploads/disclosure-dilemma_880-x-400.jpg 400 880 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2019-05-01 16:20:502019-05-01 16:22:03Fertitta Capital’s sports betting deal highlights disclosure dilemma at Red Rock Resorts
Investors in Red Rock Resorts (NASDAQ: RRR) lack the necessary information to know if they lost a business opportunity to Fertitta Capital, the investment firm founded in 2017 and run by Red Rock Resorts controlling owners, according to letters sent by the Culinary Union to the U.S. Securities Exchange Commission (SEC) and NASDAQ Stock Market.
https://www.rrripodissected.org/wp-content/uploads/iStock-red-fish-hooked-880x400.png 400 880 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2019-04-02 21:39:522019-04-17 17:36:10Who's on the Hook for the Palms?
Red Rock Resorts has set a big ROI target for its Palms Casino Resort. Can they get there? Investors should ask management to set clear markers: who will be held accountable if the post-renovation Palms doesn’t generate the kind of ROI management has projected?
https://www.rrripodissected.org/wp-content/uploads/Stamped-Proxy-Card-2018-1.png 432 622 Jason Kordosky /wp-content/uploads/stationipodissected7.png Jason Kordosky2018-06-08 20:58:492018-06-08 21:09:38Withhold the Vote 2018: Failure to Sunset Perpetual Dual-Class Stock
We encourage Red Rock Resorts shareholders to withhold authority to vote on their proxy card for the company’s board of directors – Frank J. Fertitta III, Lorenzo J. Fertitta, Robert A. Cashell, Jr., Robert E. Lewis, and James E. Nave, D.V.M. – at the upcoming annual stockholders meeting on June 14.