Red Rock Resorts (Station Casinos) Priced, Nasdaq: RRR

Operates 21 regional casino properties primarily in Las Vegas.

Industry: Consumer Discretionary

Latest Trade: $23.73 0.00 (0.0%)

First Day Return: -4.1%

Return from IPO: +21.7%

Industry: Consumer Discretionary

We are a leading gaming, development and management company operating 21 strategically-located casino and entertainment properties. We have developed over $5 billion of regional gaming and entertainment destinations in multiple jurisdictions. In addition, we are an established leader in Native American gaming, managing facilities in northern California and western Michigan. We began operations in 1976 with a 5,000 square foot casino featuring 100 slot machines and have grown through development and acquisitions to become a premier provider of gaming and entertainment for residents of the Las Vegas regional market and visitors. Our Las Vegas portfolio includes nine major gaming and entertainment facilities and ten smaller casinos (three of which are 50% owned), offering approximately 19,300 slot machines, 300 table games and 4,000 hotel rooms. Our Las Vegas properties are broadly distributed throughout the market and easily accessible, with over 90% of the Las Vegas population located within five miles of one of our gaming facilities. We offer convenience and a wide variety of gaming and non-gaming entertainment options to attract guests to our properties. We also provide friendly service and exceptional value in a comfortable environment. Most of our major properties are master-planned for expansion, enabling us to incrementally expand our facilities as demand dictates. We also control seven highly desirable gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada.
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IPO News for Red Rock Resorts (Station Casinos)
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IPO Data
IPO File Date 10/13/2015
Offer Price $19.50
Price Range $18.00 - $21.00
Offer Shares (mm) 27.3
Deal Size ($mm) $531
IPO Data
IPO Date 04/26/2016
Offer Price $19.50
Price Range $18.00 - $21.00
Offer Shares (mm) 27.3
Deal Size ($mm) $531
Underwriters
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Company Data
Headquarters Las Vegas, NV
Founded 1976
Employees 11,800
Website www.sclv.com