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Station Casinos, Inc.
Type	Private
Founded	Las Vegas, Nevada (1976)
Headquarters	Summerlin Nevada
Key people	Frank Fertitta III, CEO
Industry	Entertainment & Hospitality
Products	Casino Games; Resorts
Revenue	▲ $1.11 billion USD (2005)
Employees	11,500 (2005)
Website	Station Casinos

Station Casinos Inc. is a gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by Frank Fertitta Jr. ^[1]^[2]

Station Casinos along with Boyd Gaming, Cannery Casino Resorts, American Casino & Entertainment Properties, and Herbst Gaming, dominate the Locals market in Las Vegas.

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.

Station has also branched out into managing casinos that they do not own.

[edit] History

The company started out as a locals casino operator in 1976 opening the Bingo Palace. This establishment was later renamed Palace Station. The company went public with an IPO in 1993.

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.^[3] The Fertitta brothers, their sister Delise Sartini, and Blake Sartini, her husband, with a combined investment of $870.1 million, purchased a 25% stake in Fertitta Colony Partners. Colony Capital contributed $2.6 billion for a 75% share.^[4] As of November 7, 2007, the company's stock, which traded under the ticker symbol NYSE: STN, was no longer listed on the New York Stock Exchange.

In March of 2008, both Frank and Lorenzo Fertitta were listed as billionaires in Forbe's annual list of the world's billionaires.

On February 23, 2009 Boyd Gaming made a $950 million offer to acquire a significant portion of Station Casinos in a filing with the Securities and Exchange Commission. The offer was to purchase 14 of the 18 casinos owned and operated by Station in the Las Vegas area. Station would only retain four Station casinos: Palace, Boulder, Sunset and Red Rock casinos.^[5] Boyd expressed an interest in continued discussion to acquire some of the final four properties.

On July 28, 2009 Station Casinos filed for chapter 11 bankruptcy. Station Casinos’ filing listed $5.7 billion in assets against $6.5 billion in debt. The filing said the company has 510 holders of unsecured and subordinate debt totaling $4.4 billion. ^[6] On August 21, 2009, Frank Fertitta Jr., the founder of Station Casinos and father of the Fertitta brothers, died from complications of a heart condition.

[edit] Officers

Station Casinos
- Frank Fertitta III, Chairman & CEO
- Tom Friel, CFO
- Scott Nielson, CDO
- Kevin Kelley, COO
- Rich Haskins, General Counsel

[edit] Casinos owned

Station Casinos
#	Brand Name	Casino	Gaming area	Date	open/acq.	50%
1	Station Casinos	Aliante Station	80,000 sq ft (7,400 m²)	02008-12-12 December 12, 2008	open	Yes
2	Station Casinos	Boulder Station	89,443 sq ft (8,309.5 m²)	01994-08-23 August 23, 1994	open
3	Station Casinos	Green Valley Ranch	133,659 sq ft (12,417.3 m²)	02001-12-18 December 18, 2001	open	Yes
4	Station Casinos	Palace Station	84,000 sq ft (7,800 m²)	01976-07-01 July 1, 1976	open
5	Station Casinos	Red Rock Resort Spa and Casino	119,309 sq ft (11,084.2 m²)	02006-04-18 April 18, 2006	open
6	Station Casinos	Santa Fe Station	156,401 sq ft (14,530.1 m²)	02000-10-02 October 2, 2000	acq.
7	Station Casinos	Sunset Station	133,409 sq ft (12,394.1 m²)	01997-06-10 June 10, 1997	open
8	Station Casinos	Texas Station	123,045 sq ft (11,431.3 m²)	01995-07-12 July 12, 1995	open
9	Fiesta Casinos	Fiesta Henderson	73,450 sq ft (6,824 m²)	02001-01-04 January 4, 2001	acq.
10	Fiesta Casinos	Fiesta Rancho	59,951 sq ft (5,569.6 m²)	02001-01-04 January 4, 2001	acq.
11	Wildfire Gaming	Wildfire Casino	6,800 sq ft (630 m²)	02003-01-27 January 27, 2003	acq.	Yes
12	Wildfire Gaming	Wildfire Lanes	6,750 sq ft (627 m²)	02008-06-26 June 26, 2008		acq.
13	Wildfire Gaming	Wildfire Boulder	6,700 sq ft (620 m²)	02004-08-02 August 2, 2004	acq.
14	Wildfire Gaming	Barley's	5,190 sq ft (482 m²)	01996-01-18 January 18, 1996	open	Yes
15	Wildfire Gaming	Gold Rush casino	4,700 sq ft (440 m²)	02004-08-02 August 2, 2004	acq.
16	Wildfire Gaming	Lake Mead Lounge	3,500 sq ft (330 m²)		acq.
17	Wildfire Gaming	The Greens Cafe	1,088 sq ft (101.1 m²)		open	Yes
18	Wildfire Gaming	Wild Wild West	11,250 sq ft (1,045 m²)	01998-07-06 July 6, 1998	acq.

50% joint ownership is with Greenspun Corporation
Although not branded separately, Green Valley Ranch, Aliante and Red Rock Casinos are in a distinctly different upscale market niche from the other five station casinos
Wildfire Boulder was formerly Magic Star Casino
Wildfire Lanes was formerly Renata's Bowling

[edit] Casinos operated

Thunder Valley Casino

[edit] Development sites

All the Nevada sites below 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 Rhodes 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.
- Station Casinos continues to own the land that the former Castaways (the one on Boulder Highway) 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 (32,000 m²) 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.

California
- Rohnert Park, Sonoma County. A joint development project with the Federated Indians of Graton Rancheria.

[edit] References

^ "Interactive Map Viewer." City of Las Vegas. Retrieved on June 5, 2009.
^ "Map." Station Casinos. Retrieved on June 5, 2009.
^ "Founders Lead Station Casinos Bid". Forbes. http://www.forbes.com/2006/12/04/station-casinos-bid-markets-equity-cx_jl_1204markets07.html?partner=yahootix.
^ Knightly, Arnold. "GOING PRIVATE: Fertittas will cash, take stake". Las Vegas Review-Journal. http://www.lvrj.com/business/7387761.html. Retrieved 2007-05-08.
^ "$950 MILLION: Boyd makes Station an offer". http://www.lvrj.com/news/40210257.html.
^ "Station Casinos files for Chapter 11". http://www.lvrj.com/business/51922932.html.

[edit] External links

Station Casinos website

[0] "Interactive Map Viewer." City of Las Vegas. Retrieved on June 5, 2009.

[1] "Map." Station Casinos. Retrieved on June 5, 2009.

[2] "Founders Lead Station Casinos Bid". Forbes. http://www.forbes.com/2006/12/04/station-casinos-bid-markets-equity-cx_jl_1204markets07.html?partner=yahootix.

[3] Knightly, Arnold. "GOING PRIVATE: Fertittas will cash, take stake". Las Vegas Review-Journal. http://www.lvrj.com/business/7387761.html. Retrieved 2007-05-08.

[4] "$950 MILLION: Boyd makes Station an offer". http://www.lvrj.com/news/40210257.html.

[5] "Station Casinos files for Chapter 11". http://www.lvrj.com/business/51922932.html.

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