Red Rock Resorts, Inc. Announces Quarterly Dividend
March 01 2017 - 8:30PM
Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company")
today announced that the Company’s Board of Directors has declared
a cash dividend of $0.10 per Class A common share for the first
quarter of 2017. The dividend will be payable on March 31, 2017 to
all stockholders of record as of the close of business on March 15,
2017.
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 $6.6 million of which is expected to be
distributed to the Company and approximately $5.0 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, Palms
Casino Resort, 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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