More: Station Casinos Kicks Off 50th Anniversary With Fireworks, Drone Show + New Brand and Campaign

Station Casinos marked the culmination of its 50th anniversary celebration on Wednesday, Sept. 9, by announcing a stock award valued at more than $70 million for its nearly 10,000 full and part-time team members across the company.

During a ceremony at Red Rock Casino Resort & Spa, Red Rocks Resorts Chairman and CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta revealed to a ballroom full of team Members that those employed as of Wednesday, Sept. 9, will receive $1,000 in Red Rock Resorts Class A stock for every year of service.

“Our father founded this company on a few simple principles: Serve the local community, deliver great value and most importantly take care of our team members,” said Frank Fertitta III. “This award reflects those values and recognizes the people who have brought them to life every day for the past 50 years.

“As we celebrate this milestone and look ahead to the next 50 years, we are grateful for everything our team members have done to make Station Casinos the local favorite.”

“Our team members are at the heart of everything we do. For 50 years, they have built lasting relationships with our guests and forged the connections to the Las Vegas community that define who we are,” said Lorenzo Fertitta.

“This $70 million award is more than a recognition of their contributions, it is an investment in our nearly 10,000 team members whose dedication and commitment we are deeply thankful for.”

The award recognizes the contributions of nearly 10,000 Station Casinos team members, the majority of which are based in Southern Nevada, and reflects the company’s longstanding commitment to its workforce.

The celebration recognized some of the company’s longest-tenured from the 1970s, including Ida Johnson, who began her career with the company in 1977 and received $49,000 in stock. Seven team members from the 1970s began their career at Bingo Palace and still work for the company today, each receiving more than $45,000 in equity.   

The celebration also paid tribute to company founder Frank Fertitta Jr., Station Casinos’ history in Las Vegas and the team members who have helped shape the company over the past five decades.

Continuously named one of Nevada’s premier employers, Station Casinos has been recognized by Forbes, Newsweek, Great Places to Work and Top Workplaces in surveys of team members. The stock grants total more than $70 million in Red Rock Resorts Class A stock, with team members able to receive their shares beginning Monday, Sept. 14.

Station Casinos launched its 50th anniversary celebration on Wednesday, July 1, at Palace Station, where its story began, with a fireworks and drone show and the debut of its new brand identity and “From Vegas, For Vegas, Always Vegas” campaign.

Anniversary programming continued across the Las Vegas Valley throughout the summer with live entertainment, commemorative gaming and FB& offerings, vintage photo booths, team member appreciation events and community volunteer initiatives and culminated with this celebration.