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Station Casinos' IPO Nets More Than $500M

Station Casinos' IPO raised some money for the company – more than half a billion dollars.

Vegas Inc. reports the company, which went public Wednesday, raised $531 million.

Red Rock Casinos – the name the company is trading under – also plans to buy the company the Fertitta family owned that ran the management of Station Casinos for over $400 million.

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The Fertitta brothers will get around $110 million each after that sale.

Casey Morell is the coordinating producer of Nevada Public Radio's flagship broadcast State of Nevada and one of the station's midday newscast announcers. (He's also been interviewed by Jimmy Fallon, whatever that's worth.)