As the result of the re-investment of nearly $200 million and a careful restructuring process that began in July, 2009, all company’s properties will remain under control of Station Casinos, preserving nearly 13,000 local jobs are preserved, assuring that the Company’s operations will remain intact, and guests will continue to experience the same great value, friendly service and high-quality entertainment they have enjoyed at Station properties.
Frank and Lorenzo Fertitta will; remain as the Company’s largest shareholders with 45% of the restructured Company. Frank and Lorenzo Fertitta and their existing management team will also remain the manager and operator of all of the Company’s properties.
“We are pleased to have completed the restructuring process and we look forward to this exciting new chapter in the Station Casinos story. Lorenzo and I believe in the future of Las Vegas, which is why we remain committed to the Company and the community. We couldn’t have accomplished this restructuring without the loyalty and support of our guests, team members, vendors and the Las Vegas community and I want to sincerely thank them all for their support” stated Frank Fertitta III, Chairman and CEO of Station Casinos.
Station Casinos LLC owns Boulder Station Hotel & Casino, Fiesta Henderson Casino & Resort, Fiesta Rancho, Green Valley Ranch Resort, Palace Station, Red Rock Resort, Santa Fe Station Hotel & Casino, Sunset Station, Texas Station, Days Inn at Wild Wild West and the Wildfire Gaming division that includes Barley’s Brewery, The Greens, Gold Rush, Lake Mead Lounge, Wildfire Casino & Lanes, Wildfire Boulder and Wildfire Rancho. The Company also manages Aliante Station pursuant to a management agreement. Additionally, Station Casinos LLC owns various land holdings and develops and/or manages four tribal gaming opportunities in California and Michigan pursuant to development and management agreements.