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The Times of India
The Times of India
World
TOI World Desk

Las Vegas company gives nearly 10,000 workers $70M in stock; $1,000 for each year worked

Station Casinos Red Rock Resorts Las Vegas Lorenzo Fertitta

Nearly 10,000 employees of Las Vegas-based Station Casinos received an unexpected financial reward as the company marked its 50th anniversary. According to a September 9 announcement from Red Rock Resorts, the parent company of Station Casinos, eligible full and part-time employees received more than $70 million worth of Red Rock Resorts Class A stock, calculated at $1,000 for every year of service. The announcement was made during a surprise celebration at Red Rock Casino Resort & Spa, where company executives revealed the award to employees. The stock grants recognise workers across the company, with some long-serving employees receiving tens of thousands of dollars in shares.

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