Nevada gaming regulators signed off Thursday on plans for Station Casinos to become a public company under a new name – Red Rock Resorts – which will be traded on the Nasdaq. Company officials told the Gaming Control Board in a special hearing in Las Vegas that Red Rock Resorts would be a holding company.
Nevada regulators today approved Station Casinos’ plan for an initial public offering, allowing the locals gaming giant to move forward with its transition back into a public company. Station, which was taken private in 2007, intends to be publicly traded under the new name Red Rock Resorts Inc.
Frank and Lorenzo Fertitta are ready to take Red Rock Resorts public in an unusual way. Paul Gift has the details. It’s good to be a Fertitta. Not only is the UFC believed to be coming off a record year in terms of revenue, but co-owners Frank and Lorenzo Fertitta are about to take their other majority-owned enterprise public.