The gem of the original Station Casinos started in 1976 when Frank Fertitta Jr, the former general manager of the Downtown Las Vegas casino The Fremont, opened the 'Casino' about a half mile off the Strip not too far from the old Sahara. In fact, recent moves suggest the company is casting its vision to challenge new market opportunities. While there is a lot of truth to that view, it is not completely accurate. Most analysis of the company, such as this article on Seeking Alpha, follow the generally accepted idea that the new Red Rock Resorts is a 'locals' casino business - gaming establishments geared less for tourists and more to capturing the gaming and entertainment dollars of Las Vegas natives. The dividend will be payable on August 30, 2016, to all stockholders of record as of the close of business on August 15, 2016. Just three months after its IPO, Red Rock Resorts declared its first ever cash dividend of $0.10 per Class A common share for the third quarter of 2016. The old brand was a mighty player in the Las Vegas locals casino scene, but in recent years it has pushed out gradually into more upscale and diverse niches.

Red Rock Resorts (Pending: NASDAQ: RRR), the former Station Casinos Brand, is a few months off its IPO but is already making waves.

Is red rock a station casino