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