{
  "id": 7398363,
  "title": "This Las Vegas casino just gave almost 10,000 workers more than $70 million in company stock to celebrate its 50th birthday",
  "url": "https://urgent.news/2026/09/14/this-las-vegas-casino-just-gave-almost-10-000-workers-more-than-70",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T20:20:47.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/14/las-vegas-casino-10000-workers-70-million-company-stock-red-rock-resort-spa-fertitta/"
  },
  "original_language": "en",
  "account": "Station Casinos, a prominent casino operator in Las Vegas, recently celebrated its 50th birthday by rewarding nearly 10,000 employees with a total of over $70 million in company stock. The generous stock award, issued by the parent company Red Rock Resorts, gave each eligible employee $1,000 for every year of their service.\n\nFrank Fertitta III, chairman and CEO of Red Rock Resorts, addressed the crowd of workers, emphasizing that the stock awards symbolize the employees' ownership in the company. He encouraged the staff to consider themselves not just as employees, but as partners in the success of Station Casinos.\n\nEligible workers began claiming their shares as of Monday, with some long-serving employees receiving substantial amounts. Ida Johnson, who began working for the company in 1977, received $49,000 in stock, while six employees who started in the 1970s at Bingo Palace and are still employed there today each received more than $45,000 in equity.\n\nThe company traces its origins back to 1959 when Frank Fertitta Jr. moved from Texas to Las Vegas and opened his first casino. The ethos of the company has always been centered around serving the community, delivering great value, and taking care of its team members. Station Casinos now operates multiple properties across the Las Vegas Valley and holds stakes in several smaller venues.\n\nFertitta III concluded the ceremony by thanking the employees for their contributions over the past 50 years and expressing optimism about the future of the company. This generous stock award is not an isolated incident; other companies, such as Bank of America, Apple, and Samsung, have also recognized their employees with equity-based rewards.",
  "summary": "Every eligible employee gets $1,000 in Red Rock Resorts stock for each year on the job. One worker who started in 1977 got $49,000.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}