Station Casinos Postpones IPO

By Casey Morell

Published January 28, 2016 at 6:56 PM PST

Station Casinos has decided to delay its forthcoming initial public offering.

Reuters reports the company, along with major shareholder Deutsche Bank, opted to hold off on the stock offering due to what the company called "market conditions."

Station's IPO had been approved by the Nevada Gaming Control Board last week.

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The company was set to trade on the NASDAQ exchange as Red Rock Resorts.

It is unclear when the IPO will go forward once more.

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Casey Morell

Casey Morell is the coordinating producer of Nevada Public Radio's flagship broadcast State of Nevada and one of the station's midday newscast announcers. (He's also been interviewed by Jimmy Fallon, whatever that's worth.)

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