Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Red Rock Resorts, Inc.
Type
Limited liability company
Industry Gaming and hospitality
Founded July 1, 1976; 41 years ago (1976-07-01)
Las Vegas, Nevada, U.S.
Headquarters Summerlin, Nevada, U.S.
Key people
Frank Fertitta III, CEO
Revenue US$1.38 billion (2014)
Owner Frank Fertitta III (29%)
Lorenzo Fertitta (29%)
Deutsche Bank (25%)
Fidelity Investments (9%)
Oaktree Capital Management (6%)
Number of employees
11,600 (2015)
Website sclv.com

Station Casinos is a gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by Frank Fertitta, Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming, and American Casino & Entertainment Properties, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. (NASDAQ: RRR) is a publicly traded holding company that owns a portion of Station Casinos.

The company started out as a locals casino operator on July 1, 1976, opening the Bingo Palace. This establishment was later renamed Palace Station. The company went public with an IPO in 1993.

On December 4, 2006, Frank Fertitta III, Lorenzo Fertitta, and Colony Capital LLC, operating as Fertitta Colony Partners, made a highly leveraged offer to purchase all existing shares at $82 per share and take the company private. The Fertitta brothers, their sister Delise Sartini, and Blake L. Sartini, her husband, with a combined investment of $870.1 million, purchased a 25% stake in Fertitta Colony Partners. Colony Capital contributed $2.6 billion for a 75% share. As of November 7, 2007, the company's stock (old symbol STN) was no longer listed on the New York Stock Exchange.

In March 2008, both Frank and Lorenzo Fertitta were listed as billionaires in Forbes' annual list of the world's billionaires, but the purchase loaded the company with billions in debt. As of May 2011, Frank was ranked 1057th on the list of world's billionaires, and Lorenzo was ranked at 1140th. Both were tied for these rankings with several others.

On July 28, 2009, Station Casinos filed for chapter 11 bankruptcy. Station Casinos' filing listed $5.7 billion in assets against $6.5 billion in debt. The filing said the company had 510 holders of unsecured and subordinate debt totaling $4.4 billion.

On August 21, 2009, Frank Fertitta Jr., the founder of Station Casinos and father of the Fertitta brothers, died from complications of a heart condition.

Station Casinos exited bankruptcy in June 2011 with $4 billion less in debt and with creditors putting the company's 18 casinos back in the hands of the Fertitta family and their partners. The Fertitta brothers agreed to put nearly $200 million in the reassembled company and now own 45 percent of its shares. The other new equity owners include the company's main lenders, Deutsche Bank AG, which holds 25 percent; JPMorgan Chase with a 15 percent stake; and former bondholders with an additional 15 percent, according to lawyers on the deal.

Station announced in October 2015 that it would return to the stock market with an initial public offering. On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange.

In May 2016, Station agreed to purchase the Palms Casino Resort for $313 million.

All the Nevada sites below are gaming-entitled, unless otherwise noted. Gaming-entitled means that a casino can be built on that location without special approvals.

Investment goal date:
Dividends reinvested
Red Rock Resorts, Inc. RRR report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-13
--
--
Q4 2017
2018-03-08
--
--
Q4 2017
2018-03-05
--
--
Q3 2017
2017-11-07
--
--
Q3 2017
2017-11-07
0.2000
0.1600
Q2 2017
2017-08-08
-0.2200
-0.3900
Q1 2017
2017-05-04
0.1700
0.3000
Q4 2016
2017-03-07
0.3700
0.1800
Q3 2016
2016-11-07
0.2000
0.0700
Q2 2016
2016-08-15
0.0500
0.0500
Q1 2016
2016-05-12
0.0000
0.5000
Q4 2015
2016-04-28
0.0000
0.4200
Q1 2015
1970-01-01
0.0000
0.3800
There is presents forecasts or rating agencies and recommendation for investors about this ticker
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Major Shareholders
Name Relationship
Total Shares
Holding stocks