Red Rock Resorts (RRR), a resort casino owner with heavy exposure to an improving economic backdrop in Las Vegas. The company is looking to sell 27.3 million shares within a range of $18-$21 for total gross proceeds of $531.4 million, at the mid-point. The deal, led by Deutsche Bank, JP Morgan, BofA Merrill Lynch, and Goldman Sachs, is expected to price on April 26 and open for trading on April 27.
Description
Red Rock Resorts, Inc. is a gaming, development and management company. The Company develops and operates casino entertainment properties. The Company owns and operates over nine gaming and entertainment facilities and over 10 smaller casinos in the Las Vegas regional market. In addition, the Company manages Graton Resort in Sonoma County, California, and Gun Lake in Allegan County, Michigan. The Company's Las Vegas portfolio offers approximately 19,300 slot machines, over 300 table games and over 4,000 hotel rooms. The Company controls gaming-entitled development sites consisting of approximately 400 acres in Las Vegas and Reno, Nevada. The Las Vegas properties offer approximately 110 food and beverage venues, over 50 bars and lounges, over 270,000 square feet of convention and meeting space ranging from boardrooms to ballrooms, over 25 live entertainment venues, over 100 movie screens and over 300 bowling lanes.
Address
1505 S Pavilion Center Dr
LAS VEGAS, NV 89135-1403
United States
LAS VEGAS, NV 89135-1403
United States
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