The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals.
Red Rock Resorts, Inc. (Nasdaq: RRR) is a publicly traded holding company that owns a portion of Station Casinos.
Control was taken over by family members, including his son Frank Fertitta III, who took the position of chairman, president, and chief executive officer.
[19][20] The initial public offering helped finance the company's second Las Vegas property, Boulder Station,[21] which opened in 1994.
[24][25][26] Meanwhile, Fertitta had begun construction on his own hotel-casino project, the Texas, located in North Las Vegas.
Station shareholders objected to Fertitta branching out into the gaming industry on his own, prompting the company to purchase the Texas in 1995, shortly before its opening.
[31] Station also purchased several existing properties in the Las Vegas Valley, including the Santa Fe in 2000,[32] and the Fiesta and Reserve in 2001.
[44][45] It was built on five acres, occupying a portion of the former Castaways Hotel and Casino site, which Station had purchased in 2004.
It was built in the Las Vegas community of Summerlin at a cost of $925 million, making it Station's most expensive property.
[58] On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange.
[64][65] That year, the company announced that it would proceed with Durango, a long-planned resort in the southwest Las Vegas Valley.
[76] In June 2024, the NLRB ruled against Station Casinos, finding that the company had committed "extensive coercive and unlawful misconduct" as part of a "carefully crafted corporate strategy intentionally designed at every step to interfere with employees’ free choice" to unionize or not.