Station Casinos Inc. is a
gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by
Frank Fertitta Jr.
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
The company started out as a locals
operator in 1976 opening the Bingo Palace. This establishment was
later renamed Palace
The company went public with an IPO in
On December 4, 2006, Frank Fertitta
, Lorenzo Fertitta
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. 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. As of November 7,
2007, the company's stock, which traded under the ticker symbol ,
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
On February 23, 2009 Boyd Gaming
$950 million offer to acquire a significant portion of Station
Casinos in a filing with the Securities and Exchange
. 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. 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. On August 21, 2009, Frank
Fertitta Jr., the founder of Station Casinos and father of the
Fertitta brothers, died from complications of a heart
- Station Casinos
- Frank Fertitta III, Chairman
- Tom Friel, CFO
- Scott Nielson, CDO
- Kevin Kelley, COO
- Rich Haskins, General Counsel
- 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
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
- A site located near Cactus Road on the South Las Vegas
- 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 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.
- " Interactive Map Viewer." City of Las Vegas.
Retrieved on June 5, 2009.
- " Map." Station Casinos. Retrieved on June 5, 2009.