Exhibit 99.1 Red Rock Resorts Announces First Quarter 2024 Results LAS VEGAS, May 7, 2024 (GLOBE NEWSWIRE) - Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2024. First Quarter Results Consolidated Operations Las Vegas Operations Balance Sheet Highlights The Company's cash and cash equivalents at March 31, 2024 were $129.7 million and total principal amount of debt outstanding at the end of the first quar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-37754 ______________________________________________________________ RED ROCK RESORTS, INC. (Exact name of regist ...

Red Rock Resorts, Inc. (NASDAQ:RRR) Q4 2023 Earnings Conference Call February 7, 2024 4:30 PM ET Company Participants Stephen Cootey – Executive Vice President, Chief Financial Officer and Treasurer Frank Fertitta – Chief Executive Officer Lorenzo Fertitta – Vice Chairman Scott Kreeger – President Conference Call Participants Joe Greff – JPMorgan Carlo Santarelli – Deutsche Bank Shaun Kelley – Bank of America Jordan Bender – Citizens JMP Steve Wieczynski – Stifel Barry Jonas – Truist Securities Dan Politzer ...

Financial Performance - Net revenues for Q3 2023 were $411.6 million, a decrease of 0.7% compared to $414.4 million in Q3 2022[97]. - Operating income for Q3 2023 was $122.5 million, down 12.9% from $140.7 million in Q3 2022[99]. - Casino revenues decreased by 3.4% in Q3 2023 to $272.7 million, while for the nine months ended September 30, 2023, casino revenues were $830.5 million, down 1.5%[98]. - Food and beverage revenues increased by 4.3% in Q3 2023 to $72.8 million, and by 9.2% for the nine months to $228.5 million[98]. - Room revenues rose by 7.6% in Q3 2023 to $42.0 million, and by 8.9% for the nine months to $130.9 million[103]. - Adjusted EBITDA for the three months ended September 30, 2023, was $175.2 million, a decrease from $181.9 million in the prior year, while for the nine months it was $544.7 million, down from $549.5 million[114][116]. Expenses and Costs - Interest expense increased by 32.7% in Q3 2023 to $45.5 million, and by 47.5% for the nine months to $132.3 million[96]. - SG&A expenses increased by 0.3% or $0.3 million for the three months and 3.6% or $9.8 million for the nine months ended September 30, 2023, compared to the prior year periods[105]. - Depreciation and amortization expense increased by 5.7% for the three months ended September 30, 2023, but decreased by 1.0% for the nine months due to ceased depreciation for closed properties[106][107]. - Write-downs and other, net totaled $15.1 million and $44.8 million for the three and nine months ended September 30, 2023, respectively, compared to $3.9 million and $16.1 million in the prior year[108]. - Interest expense, net increased to $45.5 million and $132.3 million for the three and nine months ended September 30, 2023, respectively, due to higher variable interest rates and increased borrowings[110]. Cash Flow and Capital Expenditures - Cash and cash equivalents at September 30, 2023, totaled $122.8 million, with borrowing availability under the revolving credit facility at $512.5 million[122]. - Anticipated capital expenditures for the remainder of 2023 are expected to be between $110 million and $180 million, primarily for the development of Durango[123]. - Cash paid for capital expenditures totaled $512.5 million for the nine months ended September 30, 2023, compared to $198.6 million in the same period of 2022, indicating a significant increase of 158.5%[129]. - Net cash provided by operating activities for the nine months ended September 30, 2023, was $335.4 million, down from $417.5 million in the prior year[126]. - For the nine months ended September 30, 2023, net cash provided by operating activities was $335.4 million, a decrease of 19.7% compared to $417.5 million for the prior year period[128]. Market and Economic Conditions - The unemployment rate in the Las Vegas metropolitan area was 5.7% in September 2023, up from 5.3% in September 2022[91]. - The median price of an existing single-family home in Las Vegas was $450,000 in September 2023, unchanged from September 2022[91]. - The company is experiencing inflationary pressures, particularly in food costs, supplies, energy costs, and construction costs, which are expected to continue through the remainder of 2023[137]. - The company anticipates that rising inflation and higher interest rates could adversely affect consumer demand and overall business performance[143]. Corporate Actions and Governance - The company expects to spend approximately $780 million on the Durango project, set to open in December 2023[87]. - The board of directors authorized $600 million for Class A common stock repurchases through June 30, 2024, with $312.9 million remaining available[124]. - During the nine months ended September 30, 2023, the company paid $44.0 million in dividends to Class A common stockholders, slightly down from $44.7 million in the prior year[130][131]. - The company borrowed $370.5 million under the Revolving Credit Facility during the nine months ended September 30, 2023[130]. - The company has development agreements with the North Fork Rancheria of Mono Indians to assist in developing a gaming and entertainment facility in California[138]. - As of September 30, 2023, the company had outstanding letters of credit totaling $33.5 million[136]. - The company is subject to extensive regulation by gaming authorities, which may impact future operations and expansion efforts[139]. - There were no material changes to the company's critical accounting policies and estimates during the nine months ended September 30, 2023[142].

Red Rock Resorts, Inc. (NASDAQ:RRR) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Stephen Cootey - Executive Vice President, Chief Financial Officer & Treasurer Frank Fertitta - Chief Executive Officer Lorenzo Fertitta - Vice Chairman Scott Kreeger - President Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Jordan Bender - JMP Securities Steve Wieczynski - Stifel Barry Jonas - Truist Securities Dan Politzer ...

Financial Performance - Net revenues for Q2 2023 were $416.1 million, a decrease of 1.4% from $422.2 million in Q2 2022; for the first half of 2023, revenues increased by 3.1% to $849.8 million from $823.9 million[96]. - Operating income for Q2 2023 was $126.9 million, an increase of 86.0% compared to $68.2 million in Q2 2022; for the first half of 2023, operating income rose by 32.7% to $264.2 million from $199.0 million[98]. - Net income attributable to Red Rock for Q2 2023 was $39.5 million, a significant increase of 150.9% from $15.7 million in Q2 2022; for the first half of 2023, net income rose by 31.4% to $84.2 million from $64.1 million[96]. - Net income for the three months ended June 30, 2023, was $74.9 million, compared to $32.4 million for the same period in 2022, and for the six months, it was $160.4 million compared to $124.7 million[113]. - Adjusted EBITDA for the three months ended June 30, 2023, was $175.3 million, a decrease from $188.9 million in the same period of 2022, while for the six months, it was $369.5 million, slightly up from $367.6 million[113]. Revenue Breakdown - Casino revenues decreased by 4.0% in Q2 2023 to $269.5 million and slightly decreased by 0.5% for the first half of 2023 to $557.7 million compared to the prior year[100]. - Food and beverage revenues increased by 5.2% in Q2 2023 to $77.6 million and by 11.7% for the first half of 2023 to $155.8 million compared to the same periods in 2022[97]. - Room revenues increased by 1.4% in Q2 2023 to $44.9 million and by 9.6% for the first half of 2023 to $88.8 million compared to the prior year[102]. - Average daily rate (ADR) for rooms increased by 5.2% in Q2 2023 to $193.35 and by 11.1% for the first half of 2023 to $195.83 compared to the prior year[102]. - The occupancy rate improved to 88.6% in Q2 2023 from 85.3% in Q2 2022, and for the first half of 2023, it increased to 87.8% from 81.2%[102]. Expenses and Costs - Interest expense increased by 54.2% in Q2 2023 to $44.3 million and by 56.6% for the first half of 2023 to $86.8 million compared to the prior year[99]. - SG&A expenses increased by 3.6% or $3.3 million for the three months ended June 30, 2023, and by 5.4% or $9.5 million for the six months ended June 30, 2023, compared to the prior year periods[104]. - Depreciation and amortization expense decreased by 1.1% for the three months and by 4.0% for the six months ended June 30, 2023, due to the cessation of depreciation for closed properties[105]. - Write-downs and other, net totaled $10.1 million and $29.7 million for the three and six months ended June 30, 2023, respectively, primarily from development and preopening expenses[106]. - Interest expense, net increased to $44.3 million and $86.8 million for the three and six months ended June 30, 2023, respectively, due to higher variable interest rates and increased borrowings[108]. Cash Flow and Capital Expenditures - Cash and cash equivalents as of June 30, 2023, were $100.9 million, with borrowing availability under the revolving credit facility at $613.0 million[121]. - Anticipated capital expenditures for the remainder of 2023 are expected to be between $290 million and $360 million, including the development of Durango[122]. - Cash paid for capital expenditures for the six months ended June 30, 2023 totaled $377.1 million, significantly higher than $101.4 million for the same period in 2022[129]. - Net cash provided by operating activities for the six months ended June 30, 2023, was $235.2 million, compared to $277.7 million for the same period in 2022[126]. - For the six months ended June 30, 2023, net cash provided by operating activities was $235.2 million, a decrease of 15.3% compared to $277.7 million for the prior year period[128]. Shareholder Returns and Debt - The board of directors authorized $600 million for repurchases of Class A common stock through June 30, 2024, with $312.9 million remaining available as of June 30, 2023[123]. - During the six months ended June 30, 2023, the company paid $29.5 million in dividends to Class A common stockholders, compared to $30.3 million in the prior year[130][131]. - The company borrowed $270.0 million under the Revolving Credit Facility during the six months ended June 30, 2023[130]. Future Outlook and Challenges - The company expects to spend $780 million on the Durango project, which is set to open in Q4 2023[86]. - The company is experiencing inflationary pressures, particularly in food costs, supplies, energy costs, and construction costs, which are expected to continue through the remainder of 2023[137]. - The company anticipates that rising inflation and higher interest rates could adversely affect consumer demand and overall business performance[143]. - The company is subject to extensive regulation by gaming authorities, which may impact future operations and expansion efforts[139]. - There were no material changes to the terms of the company's indebtedness during the six months ended June 30, 2023, except for the replacement of LIBOR with SOFR[141]. - The company has development agreements with the North Fork Rancheria of Mono Indians to assist in developing a gaming and entertainment facility in California[138].

DISCLAIMER This presentation includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA Margin. Non -GAAP financial measures such as Adjusted EBITDA and Adjusted EBITDA Margin should be considered only as supplemental to, and not as superior to, financial measures pr epared in accordance with GAAP. Please refer to the Annex A of this presentation for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial me ...

Financial Data and Key Metrics Changes - The second quarter net revenue was $416 million, down $6.1 million year-over-year, while adjusted EBITDA was $175.3 million, a decrease of $13.6 million year-over-year [30][11][28] - The adjusted EBITDA margin was 42.1%, a decrease of 260 basis points year-over-year [30] - For Las Vegas operations, net revenue was $412.6 million, down $7.5 million year-over-year, and adjusted EBITDA was $193.1 million, down $14.8 million year-over-year [31][11] Business Line Data and Key Metrics Changes - The food and beverage segment experienced near record second quarter revenue and profitability, driven by higher check averages and strong catering business, which surpassed 2019 levels with eight consecutive quarters of double-digit year-over-year growth [8][34] - The hotel division achieved its highest quarterly revenue and profit in the company's history, supported by higher occupancy and average daily rates (ADR) [35] Market Data and Key Metrics Changes - The company noted that April provided a particularly tough year-over-year comparison, accounting for the majority of the decline in results, while May and June performed more in line with last year's results [28][11] - The company reported a 5.2% increase in ADR, reaching nearly $194, with occupancy at approximately 88%, up 340 basis points year-over-year [68] Company Strategy and Development Direction - The company is committed to disciplined investing in its core strategy, including expanding its footprint in Las Vegas and enhancing amenities at existing locations [12][39] - The Durango project is targeted to open on November 20, with expectations for a successful launch and sufficient demand to meet targeted returns [39][98] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tough year-over-year comparisons, particularly in April, but expressed confidence in the business's resilience and the ability to manage expenses effectively [18][46] - The company remains focused on maintaining adjusted EBITDA margins above 45% and is optimistic about the performance for the remainder of the year [29][67] Other Important Information - The company's cash and cash equivalents at the end of the second quarter were $100.9 million, with total debt outstanding at $3.2 billion, resulting in net debt of $3.1 billion [36] - Capital expenditures for the second quarter were $201.6 million, with expectations to spend between $600 million and $650 million in growth capital for the full year [38] Q&A Session Summary Question: What happened in April that affected performance? - Management noted that April was particularly challenging due to tough year-over-year comparisons and unfavorable gaming hold, but performance improved in May and June [56][58] Question: How do you see the relationship between revenue and operating expenses? - Management emphasized that while revenues were down, they are managing operating expenses effectively and maintaining margins above 45% [58][59] Question: What is the outlook for the Durango project? - Management confirmed that the Durango project is on track for a full-fledged opening on November 20, with plans for potential Phase 2 development [39][98] Question: How is the company addressing staffing for the new property? - Management indicated a strong internal recruitment campaign and confidence in filling positions with high-quality employees [24][25] Question: What impact do you expect from upcoming events like F1 and the Super Bowl? - Management expressed excitement about these events but noted they are just part of a busy calendar for Las Vegas, which should positively impact business [80][94]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) For the quarterly period ended March 31, 2023 (I.R.S. Employer OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the trans ...

Financial Data and Key Metrics Changes - The first quarter net revenue was $433.9 million, an increase of $32 million or 8% year-over-year [4] - Adjusted EBITDA was $194.2 million, up $15.4 million or 8.6% year-over-year, with an adjusted EBITDA margin of 44.8%, an increase of 28 basis points year-over-year [4] - The company generated $152 million in operating free cash flow, representing 78% of adjusted EBITDA [5] Business Line Data and Key Metrics Changes - Hotel revenue reached $43.9 million, up $7.2 million or 19.5% year-over-year, driven by higher occupancy and average daily rate (ADR) [6] - Food and beverage revenue was $78.1 million, an increase of $12.4 million or 18.9% year-over-year, with catering revenue surpassing 2019 levels [6] - The company reported a 25% increase in bowling revenue and a 24.6% increase in spa revenue [28] Market Data and Key Metrics Changes - Las Vegas operations saw net revenue of $430 million, up $30.3 million or 7.6% year-over-year, with adjusted EBITDA of $214.1 million, up $15.9 million or 8% year-over-year [18] - The company experienced strong visitation and spending across regional and national segments, contributing to record revenue and adjusted EBITDA results [19] Company Strategy and Development Direction - The company is focused on disciplined investment in its core strategy, including expanding its footprint in Las Vegas and enhancing amenities [7] - Capital expenditures in Q1 totaled $175.5 million, with expectations of $600 million to $650 million in growth capital for the full year [8] - The Durango project is expected to cost approximately $780 million, with plans to expand the casino area and add 360 gaming positions [9] Management's Comments on Operating Environment and Future Outlook - Management remains vigilant regarding macroeconomic conditions but is confident in the resilience of the business model and growth strategy [25] - The company anticipates a stable operating environment as it prepares for the opening of the Durango project in Q4 2023 [22] - Management highlighted the positive demographic trends in Las Vegas and the potential for growth driven by new sports teams and events [82] Other Important Information - The company declared a cash dividend of $0.25 per share, payable on June 30 [11] - Red Rock Resorts was recognized as the top casino employer in Las Vegas Valley for the third consecutive year [12] Q&A Session Summary Question: How broad-based was the non-gaming revenue growth? - Management indicated that non-gaming revenue growth was broad-based, with significant increases across food and beverage and catering segments [27] Question: What is the timing for the next development beyond Durango? - Management stated that the focus is on stabilizing Durango post-opening before considering further developments [29] Question: How are labor costs expected to trend with upcoming union negotiations? - Management acknowledged that wage inflation could impact costs but emphasized their competitive positioning in the labor market [39] Question: What is the impact of the A's land sale on future development? - Management expressed optimism about monetizing the Viva site and retaining land for future growth [41] Question: How is the company managing wage inflation and its impact on customers? - Management believes that wage growth in the valley will benefit their properties as it increases disposable income for customers [113]