Red Rock Resorts, Inc. Announces Quarterly Dividend
May 03 2017 - 6:37PM
Red Rock Resorts, Inc. (Nasdaq:RRR) ("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 second quarter of 2017. The dividend will be payable
on May 30, 2017 to all stockholders of record as of the close of
business on May 16, 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 $6.8 million of which is expected to be
distributed to the Company and approximately $4.8 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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