STATION CASINOS AWARDS TEAM MEMBERS MORE THAN $70 MILLION IN RED ROCK RESORTS STOCK AS PART OF 50TH ANNIVERSARY CELEBRATION
Red Rock Resorts (RRR) announced a one-time equity award of more than $70 million in Class A stock to nearly 10,000 eligible Station Casinos full- and part-time Team Members as part of its 50th anniversary celebration.
Rhea-AI Summary
Red Rock Resorts (RRR) announced a one-time equity award of more than $70 million in Class A stock to nearly 10,000 eligible Station Casinos full- and part-time Team Members as part of its 50th anniversary celebration. Employees on the payroll as of Wednesday, Sept. 9 will receive $1,000 in stock for every year of service.
Long-tenured staff from the 1970s, including Ida Johnson who started in 1977, received awards around $45,000–$49,000 in stock. Team Members can begin receiving their shares on Monday, Sept. 14. The company describes the award as both recognition of employees’ contributions and an investment in its largely Southern Nevada-based workforce.
Positive
- More than $70 million in Class A stock granted to Team Members
- Nearly 10,000 employees receive $1,000 in stock per year of service
- Long-tenured 1970s employees receive equity awards of over $45,000 each
Negative
- Equity grant exceeds $70 million, implying a sizable non-recurring compensation cost and potential dilution
Key Figures
- Stock award value
- More than $70 million
- Red Rock Resorts Class A stock awarded to Station Casinos team members
- Eligible team members
- Nearly 10,000 team members
- Full- and part-time employees
- Award rate
- $1,000 per year of service
- Red Rock Resorts Class A stock
- Eligibility date
- September 9, 2026
- Employees employed as of this date qualify
- Share availability
- Monday, September 14
- Team members can begin receiving their shares
AI-generated analysis. How Rhea-AI works. Not financial advice.
Surprise award recognizes nearly 10,000 eligible full- and part-time Team Members With
Link to Photos & B-roll HERE
"Our father founded this company on a few simple principles: serve the local community, deliver great value, and most importantly, take care of our Team Members," said Frank Fertitta, III Chairman and CEO of Red Rock Resorts. "This award reflects those values and recognizes the people who have brought them to life every day for the past 50 years. As we celebrate this milestone and look ahead to the next 50 years, we are grateful for everything our Team Members have done to make Station Casinos the local favorite."
"Our Team Members are at the heart of everything we do. For 50 years, they have built lasting relationships with our guests and forged the connections to the
The award recognizes the contributions of nearly 10,000 Station Casinos Team Members, the majority of which are based in
The milestone celebration also paid tribute to company founder Frank Fertitta Jr., Station Casinos' history in
Altogether, the stock grants total more than
Station Casinos launched its 50th anniversary celebration on Wednesday, July 1 at Palace Station, where its story began, with a fireworks and drone show and the debut of its new brand identity and "From Vegas, For Vegas, Always Vegas" campaign. Anniversary programming continued across the Las Vegas Valley throughout the summer with live entertainment, commemorative gaming and food and beverage offerings, vintage photo booths, Team Member appreciation events and community volunteer initiatives and culminated with today's celebration.
Additional images can be found on Getty Images. To learn more about Station Casinos' 50th anniversary, visit www.stationcasinos.com/50th.
About Station Casinos
Station Casinos is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling, and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Casino & Resort, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire on Fremont, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Fremont, and Wildfire Lake Mead. Station Casinos also owns a
Media Contacts:
Allied Global Marketing (For Station Casinos)
SCMediaRequest@alliedglobalmarketing.com
Alex Acuna
Station Casinos
alex.acuna@stationcasinos.com
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SOURCE Red Rock Resorts, Inc.
FAQ
Who is eligible for the Red Rock Resorts 50th anniversary stock award?
Eligibility covers nearly 10,000 full- and part-time Station Casinos Team Members employed across the company as of Wednesday, Sept. 9. Each eligible employee will receive $1,000 in Red Rock Resorts Class A stock for every year of service.
When will Station Casinos Team Members receive their Red Rock Resorts stock grants?
Team Members will be able to begin receiving their Red Rock Resorts Class A stock shares starting on Monday, Sept. 14.
How were long-tenured Station Casinos employees recognized in this stock award?
The celebration highlighted some of the longest-serving Team Members from the 1970s, including Ida Johnson, who started in 1977 and received $49,000 worth of stock. In total, seven employees who began at Bingo Palace in the 1970s and still work for the company each received over $45,000 in equity.