
Red Rock Resorts
Red Rock Resorts is the parent company of Station Casinos, the largest operator serving the Las Vegas locals market, and trades on Nasdaq under the ticker RRR. The business was founded on 1 July 1976 by Frank Fertitta Jr, whose first property, the Bingo Palace, later became Palace Station. The Fertitta family has retained significant ownership since the founding, and Frank Fertitta III is chief executive. Its estate includes the classic Station properties, Palace Station, Sunset Station, Boulder Station and Santa Fe Station, alongside the flagship Red Rock Casino Resort and Spa. The locals market it serves behaves differently from the Strip, being driven by repeat local visitation and gaming rather than conventions and tourism, which gives the company a distinct exposure to the Las Vegas economy.
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