Station Casinos

From Wikipedia, the free encyclopedia

Station Casinos, Inc.

Type	Public (NYSE: STN)
Founded	Las Vegas, Nevada (1976)
Headquarters	Las Vegas, Nevada
Key people	Frank J Fertitta, CEO
Industry	Entertainment & Hospitality
Products	Casino Games Resorts
Revenue	$1.11 billion USD (2005)
Employees	11,500 (2005)
Website	www.stationcasinos.com

Station Casinos Inc. NYSE: STN is a Las Vegas, Nevada based gaming company.

The company purchased several sites that were gaming-entitled meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area.

The company has since branched out into managing casinos owned by other companies.

1 History
2 Officers
3 Casinos owned
4 Casinos operated
5 Development sites
6 External links
7 References

[edit] History

The company started out as a locals casino operator in 1976.

The company went public with an IPO in 1993.

The company opens Boulder Station on August 23, 1994.

The company opens Texas Station on July 12, 1995.

The company opens Barley's Casino on January 18, 1996 in a 50/50 joint venture with the Greenspun Corporation.

The company opens Sunset Station on June 10, 1997.

The company acquired the Santa Fe Casino on October 2, 2000.

The company acquired the Fiesta brand when it purchased the Fiesta Rancho on January 4, 2001.

The company acquired the The Reserve on January 29, 2001.

The company acquired the Wild Fire Casino on January 27, 2003.

The company opens Thunder Valley Casino in June, 2003 as the casino operator for an Native American owned casino.

The company acquires the Gold Rush Casino and the Magic Star Casino on August 2, 2004.

On December 4, 2006, Frank Fertitta III, Lorenzo Fertitta, and Colony Capital LLC, operating as 'Fertitta Colony Partners', made an offer to purchase all existing shares at $82 per share and take the company private.^[1]

[edit] Officers

Station Casinos
- Frank Fertitta III, Chairman & CEO
- Lorenzo Fertitta, President
- William W. Warner, COO

[edit] Casinos owned

Station Casinos
- Palace Station
- Boulder Station
- Texas Station
- Sunset Station
- Santa Fe Station
- Green Valley Ranch 50% joint venture with Greenspun Corporation
- Red Rock Resort Spa and Casino (opened April 2006)

Fiesta
- Fiesta Rancho
- Fiesta Henderson

Barley's 50% joint venture with Greenspun Corporation
Wildfire Casino
Wild Wild West

[edit] Casinos operated

Thunder Valley Casino
Gold Rush
Magic Star

[edit] Development sites

All sites are gaming entitled unless otherwise noted. Gaming entitled means that a casino can be built on that location without special approvals.

Las Vegas area
- Flamingo Road-At Clark County 215 and Town Center Drive, Summerlin
- A site located near Cactus Road on the South Las Vegas Blvd.
- Durango Station On South Durango Drive at Clark County 215 near the Rhoads Ranch planned community. Announced plans for a bowling alley and movie theater at this location. The design is shown to be similar to the of Red Rock Station.
- Siena-Across from the Siena age-restricted community on Town Center Drive, Summerlin.
- Aliante Station in the planned commnity of Aliante on a 40 acre site at Clark County 215 and Aliante Parkway. A joint project with The Greenspun Corporation owning 50%. Construction to begin in 2007. Gaming entitlement for this site is not know.
- Station Casinos continues to own the land that the former Castaways used to stand on.
- The Wild Wild West hotel on West Tropicana. Due to the special proximity of this site to the Las Vegas Strip, Station intends to build a tourist oriented megaresort on this site.

Reno area
- Convention Center- Across from the Reno-Sparks Convention Center. An 8 acre site acquired in 2005.
- Geiger Grade-At the intersection of Geiger Grade Road and South Virginia Street. A 96 acre site acquired in 2005.
- Mt. Rose-At the intersection of Mt. Rose Highway and US 395. A 50 acre site acquired in 2005. Not gaming entitled.