Do you ever wonder who owns the luxurious Red Rock Casino? You might be surprised to learn that this casino, with its stunning amenities and high profits, is not owned by a big-name corporation, but a small-time investor.
Get ready to discover the surprising truth about who owns the Red Rock Casino.
Key Takeaways
- The Las Vegas Paiute Tribe initially obtained the right to operate the Red Rock Casino in 2002, granted by the National Indian Gaming Commission.
- Station Casinos purchased the casino in 2004 and later sold a 50% stake to the Las Vegas Paiute Tribe in 2006.
- The Fertitta family acquired the casino in 2016, and in 2019, Station Casinos sold their remaining stake, giving the Las Vegas Paiute Tribe 100% ownership.
- The Red Rock Casino offers a range of amenities, including various gaming options, live entertainment venues, luxury accommodations, and dining options.
Current Owner: Profits
You may be wondering who owns the Red Rock Casino. The ownership of the casino has changed throughout its history, and understanding this timeline of ownership can help you understand who has been responsible for the success of the casino.
Over the years, the Red Rock Casino has been owned by several different companies, each of which has contributed to its success in its own way.
Let’s take a closer look at the timeline of ownership of the Red Rock Casino.
Historical Ownership Timeline
The historical ownership timeline of the Red Rock Casino is an intriguing one.
Native rights were involved in the casino’s purchasing history, which began with the National Indian Gaming Commission granting the Las Vegas Paiute Tribe the right to operate the casino in 2002.
The casino was then purchased by Station Casinos in 2004, who then sold a 50% stake to the Las Vegas Paiute Tribe in 2006.
The casino was then acquired by the Fertitta family in 2016, who are the current owners of the casino.
In 2019, Station Casinos sold its remaining stake in the casino to the Las Vegas Paiute Tribe, thereby giving them a 100% ownership of the casino.
About the Casino: Amenities
You’ll have plenty of options when you visit Red Rock Casino.
The casino offers a range of gaming options, from slots and table games to a state-of-the-art race and sports book.
You can also take in live entertainment at the on-site venues or take a dip in the pool.
Plus, you can stay in style at the resort’s luxury accommodations.
Gaming Options
Red Rock Casino offers a variety of gaming options, from slots and table games to sports betting and more. Enjoy live streaming of your favorite games, with virtual gaming also available. Participate in tournaments for the chance to win big prizes. You’ll find something to suit every taste and budget, and you won’t want to miss out on the action.
| Live Streaming | Virtual Gaming |
|---|---|
| Yes | Yes |
| Tournaments | Prizes |
| Yes | Yes |
Entertainment Venues
At Red Rock, you can enjoy a variety of entertainment venues. From live music and comedy to theater and live events, there’s something for everyone.
There’s also a range of dining options available. From fine dining to casual snacks, you can refuel while taking in a show or a game.
The entertainment experience at Red Rock is unique. Live music, DJs, and comedy acts perform regularly, providing a lively atmosphere. The theater offers a variety of shows, films, and performances, catering to different interests.
In addition to these regular offerings, Red Rock also hosts live events throughout the year. From music festivals to comedy nights, there’s always something exciting happening.
With so many options available, you’ll never be bored at Red Rock!
Resort Accommodations
You can stay at Red Rock and enjoy all the resort amenities. From luxurious suites to comfortable rooms, you’ll find the perfect accommodation for your next trip.
With free shuttle service, you can easily explore the area. Take advantage of the spa treatments, fitness center, and other on-site activities.
With plenty of restaurants and entertainment options, you’ll have plenty to do during your stay. From poolside lounging to shopping, you can find something to keep you entertained.
Relax in a luxurious suite or take advantage of the comfortable rooms and amenities. Red Rock offers all the comforts and amenities you need for a perfect vacation.
Current Revenues & Profits
The current revenues and profits of the Red Rock Casino are owned by Station Casinos, LLC, a gaming and entertainment company based in Las Vegas, Nevada. Station Casinos has used sophisticated marketing strategies and customer loyalty programs to help drive the success of the Red Rock Casino.
Station Casinos has developed a comprehensive rewards program to reward guests for their loyalty. This rewards program provides discounts on hotel stays, restaurant dining, and spa services. It also offers exclusive offers, such as complimentary gifts and VIP access to exclusive events.
Station Casinos has also implemented a comprehensive marketing strategy for the casino, including using social media and advertising campaigns to reach a larger audience. The company also utilizes digital channels, such as text messaging and email, to reach out to potential customers. Additionally, the casino runs promotional campaigns in an effort to drive more revenue.
The Red Rock Casino is managed by Station Casinos and has become a major source of revenue for the company. In the past fiscal year, the casino reported total revenues of $1.3 billion. The company also reported a net income of $132.7 million for the same period. Station Casinos has used its marketing strategies and customer loyalty programs to drive the success of the casino, resulting in strong revenues and profits.