Red Rock Resorts has announced an enhanced benefits package for employees of Station Casinos, which the firm owns a majority indirect equity interest in and manages.
As part of the ‘family focused’ initiative, related to employees at Station Casinos’ twenty properties located throughout the Las Vegas valley, the company is striving to bring “greater benefits” to its team members by introducing free healthcare and a custom 401(k) program
Since January 2020, Station Casinos has offered a free healthcare plan to its employees that make less than $41,600 in salary annually or $20 per hour, with the benefits extending to spouses and families of eligible team members.
Furthermore, those who have been employed for one year or longer are to also benefit from a 401(k) program that is funded by Station Casinos, to which the company contributes a select amount per hour for every hour worked.
“Station Casinos is a family run business and our team members are like family to us, and we are always looking for ways to make our company an enjoyable and rewarding place to work and looking for ways to attract the best candidates to our properties,” stated Bob Finch, executive vice president and chief operating officer of Station Casinos.
“We are excited to offer our team members great healthcare and retirement options so that they and their families are taken care of. Our family Focused initiative will truly benefit our team members and further enhance our position as the best place to work in Las Vegas.”
Earlier this month Red Rock Resorts reported net revenues of $460.8m for the fourth quarter of 2019, an increase of 6.8 per cent from $431.5m year-on-year, primarily due to an increase in Las Vegas operations led by the Palms Casino Resort
Net income was $6.8m for the same period, a decrease of 48.1 per cent from $13.2, which the company states is due to a one-time charge related to the purchase of its formerly leased corporate office building and the extinguishment of the related lease financing obligation.
