Red Rock Resorts manages and owns a significant indirect equity interest in Station Casinos. The Palms outstanding location, premium amenities and highly recognizable brand will allow us to provide a new level of excitement for local and visiting guests to Las Vegas,” said Marc Falcone, Executive Vice President, Chief Financial Officer and Treasurer of Red Rock Resorts.
“We are excited to welcome the talented members of the Palms team to the Station Casinos family.
The Palms is located adjacent to the Las Vegas Strip and provides Red Rock Resorts with a leading gaming asset in one of the most underpenetrated areas of our Boarding Pass program as well as the opportunity to appeal to out of town guests. With the acquisition of the Palms, Station Casinos now has twenty properties located strategically across the Las Vegas valley and is uniquely positioned to benefit from strong economic trends and record visitation levels currently being experienced in the market. ('Red Rock Resorts' 'we' or the 'Company') (NASDAQ:RRR) today announced that Station Casinos LLC has completed its acquisition of the Palms Casino Resort (“The Palms”) in Las Vegas, Nevada.
03, 2016 (GLOBE NEWSWIRE) - Red Rock Resorts, Inc.
