Davis Polk advised the joint book-running managers and representatives of the several underwriters on the $531 million initial public offering by Red Rock Resorts Inc. of 27,250,000 shares of its Class A common stock. The Class A common stock is listed on the NASDAQ Stock Market under the symbol “RRR.”
Red Rock is a leading gaming, development and management company operating 21 strategically-located casino and entertainment properties. Red Rock has developed over $5 billion of regional gaming and entertainment destinations in multiple jurisdictions. In addition, Red Rock is an established leader in Native American gaming, managing facilities in northern California and western Michigan. Red Rock is based in Las Vegas, Nevada.
The Davis Polk corporate team included partners Joseph A. Hall and Byron B. Rooney and associates Shane Tintle and Dan Gibbons. The tax team included counsel Craig A. Phillips. The real estate team included partner Thomas Patrick Dore Jr., counsel Susan D. Kennedy and associate Gregory A. Goldman. The environmental team included counsel Loyti Cheng. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.