11/21/2023 0 Comments Red rock casino part of stationThe move is expected to improve Red Rock’s balance sheet as it prepares to build a new neighborhood $750 million casino in southwest Las Vegas on Durango Drive.Ĭontact Richard N. The company then can choose the highest bid to reach the total amount of the shares sold, offering that price to all investors.Īnalysts said at the time that they expected the price to be somewhere between $49 and $53 a share. The Four-Diamond Red Rock offers rooms, suites, penthouses and villas for guests, as well as multiple restaurants, casino. Under a Dutch tender, a company seeks bids for the number of shares and amount an investor is willing to pay. The Red Rock Resort in Las Vegas is part of the Station Casinos family that includes the Boulder Station, Green Valley Ranch Resort, Palace Station, Santa Fe, Sunset Station, Wild Wild West and Wildfires Gaming locations. Red Rock stock closed Thursday at $49.62 a share. The following ownership information is a subset of that available in. The company said it intends to buy back about $350 million in shares as well as pay a $3-per-share dividend. Red Rock Casino, Resort & Spa is one of 17 properties owned by Station Casinos, LLC. reported the results of the auction that was first announced in November. In a Securities and Exchange Commission filing Friday, Red Rock Resorts Inc. will buy back 6.9 million shares for $51.50 a share as part of a “modified Dutch auction” process that concluded Thursday. The parent company of Station Casinos Inc. A rendering of the proposed Durango hotel-casino in the southwest Las Vegas Valley.
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