Red Rock Resorts Gives Employees Over $70 Million in Stock to Celebrate 50th Anniversary
To celebrate its 50th anniversary, Red Rock Resorts awarded nearly 10,000 employees over $70 million worth of company stock. Eligible full- and part-time workers received $1,000 per year of service in the form of Red Rock Resorts Class A shares. The gesture was announced by Frank Fertitta III, CEO, and Lorenzo Fertitta at a surprise event for staff. The largest individual awards went to long-serving employees like Ida Johnson, who worked since 1977 and received $49,000 in stock. Six others from the company's early days also each got more than $45,000 worth of equity. The Fertitta family has built Station Casinos into a major Las Vegas operator with 23 properties. This move aligns Red Rock Resorts with other companies like Apple and Samsung that have used stock bonuses to reward employees in recent years.
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