v3.25.2
Noncontrolling Interest in Station Holdco
 6 Months Ended
Jun. 30, 2025
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:
June 30, 2025December 31, 2024
UnitsOwnership %UnitsOwnership %
Red Rock64,462,652 58.4 %63,929,318 58.2 %
Noncontrolling interest holders45,985,804 41.6 %45,985,804 41.8 %
Total110,448,456 100.0 %109,915,122 100.0 %
The Company uses monthly weighted-average LLC Unit ownership to calculate the pretax 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.