Business will be publicly traded under a new name: Red Rock Resorts Inc.
Las Vegas-based Station Casinos’ plan to go public approved
Nevada regulators have given final approval for the off-Strip casino-hotel chain Station Casinos to go public, again.
2016-01-22
Reading time 30 seg
Nevada regulators have given final approval for the off-Strip casino-hotel chain Station Casinos to go public, again.
Vegas Inc. reports that the company catering to Las Vegas locals had their initial public offering plan approved by the Gaming Control Board and the Nevada Gaming Commission Thursday.
The business will be publicly traded under a new name, Red Rock Resorts Inc. Brothers Frank Fertitta III and Lorenzo Fertitta will maintain a significant stake.
The company said Stations is on strong financial footing, but the move has been criticized by the Culinary Union, which has attempted to unionize workers there.
Station owns or partially owns 21 properties in the Vegas area, California and Michigan, including Palace Station, Red Rock Casino and Green Valley Ranch resorts locally. It went private in 2007.
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