Red Rock Resorts, Inc. Announces Quarterly Dividend
July 29 2016 - 9:00AM
Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company")
(Nasdaq:RRR) today announced that the Company’s Board of Directors
has declared a cash dividend of $0.10 per Class A common share for
the third quarter of 2016. The dividend will be payable on August
30, 2016 to all stockholders of record as of the close of business
on August 15, 2016.
Prior to the payment of such dividend, Station Holdco LLC
(“Station Holdco”) will make a cash distribution to all unit
holders of record, including the Company, of $0.10 per unit for a
total distribution of approximately $11.6 million,
approximately $4.1 million of which is expected to be
distributed to the Company and approximately $7.5 million of which
is expected to be distributed to the other unit holders of record
of Station Holdco.
About Red Rock Resorts
Red Rock Resorts manages and owns a significant indirect equity
interest in Station Casinos LLC (“Station”). Station is the leading
provider of gaming and entertainment to the residents of Las Vegas,
Nevada. Station’s 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 owns and operates Red Rock Casino Resort Spa, Green Valley
Ranch Resort Spa Casino, Palace Station Hotel & Casino, Boulder
Station Hotel & Casino, Sunset Station Hotel & Casino,
Santa Fe Station Hotel & Casino, Texas Station Gambling Hall
& Hotel, Fiesta Rancho Casino Hotel, Fiesta Henderson Casino
Hotel, Wildfire Rancho, Wildfire Boulder, Wild Wild West Gambling
Hall & Hotel, Wildfire Sunset, Wildfire Valley View, Wildfire
Anthem and Wildfire Lake Mead. Station also owns a 50% interest in
Barley’s Casino & Brewing Company, Wildfire Casino & Lanes
and The Greens. In addition, Station is the manager of Graton
Resort & Casino in northern California and owns a 50% interest
in MPM Enterprises, L.L.C., which is the manager of Gun Lake Casino
in southwestern Michigan.
Investors:
Red Rock Resorts
Daniel Foley, 702-495-3550
investorrelations@redrockresorts.com
or
Media Contacts:
Red Rock Resorts
Lori Nelson, 702-495-4248
Lori.Nelson@StationCasinos.com
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