Red Rock Resorts reported a third-quarter net loss of $17.7 million, or $0.17 per diluted share, compared to net income of $76.9 million in the prior-year period. The decline was primarily driven by $79.1 million in non-cash share-based compensation and $6.9 million in one-time expenses related to the company's 50th anniversary. Consolidated net revenues increased 2.8% to $488.7 million, while adjusted EBITDA decreased 4.3% to $182.6 million. The board declared a quarterly cash dividend of $0.26 per share, payable December 31 to holders of record on December 15. Red Rock Resorts is a holding company that owns and manages Station Casinos, a leading provider of gaming, hospitality, and entertainment in Las Vegas.
