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Station Casinos Awards $70 Million Profit-Sharing to 10,000 Employees

By Drooid · · How we work

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Story summary
  • Station Casinos announced a $70 million profit-sharing award for its 10,000 employees.
  • Fertitta brothers said each employee will receive $1,000 of Red Rock Resorts stock for every year of service.
  • Ida Johnson, hired in 1977, received $49,000 of stock that will generate $886 in annual dividends.
  • Seven employees have worked for Station Casinos for 45 years or more.
  • Red Rock Resorts Class A shares were trading at $54.49 per share at the announcement.