Station Casinos Breaks Ground

LAS VEGAS -- (PRESS RELEASE) -- Station Casinos, Inc. (NYSE:STN) executives today broke ground on Red Rock Station Resort and Casino.

"We believe this is the best locals gaming and entertainment site in the valley. This is an exciting day not only for our Company but also for our team members and residents of the northwest Las Vegas valley who will soon be able to enjoy Station-style entertainment closer to where they live," said Frank Fertitta III, chairman and CEO of Station Casinos.

The $450 - $475 million Red Rock Station Resort will be located at the intersection of I-215 and West Charleston Boulevard and represents Station Casinos' entry into the northwest portion of the valley. The resort will employ more than 2,000 team members and include an 87,000 square foot casino with 2,700 slot and video poker machines, 60 gaming tables, a state-of-the-art race and sports book, a 12-table poker room and a 600-seat bingo parlor. The resort will also include 400 hotel rooms, 10 full-service restaurants, a nightclub, a 16-screen Regal Cinemas and a childcare facility. The property will feature 40,000 square feet of meeting and convention space, a 20,000 square foot full-service spa, salon and workout facility. The resort's pool and beach areas will feature private poolside cabanas, two poolside bars and a poolside cafe.

"Red Rock Station will be a category-killer. We are taking everything we've learned throughout the last two decades and improving upon it, which will once again raise the standard of entertainment options for our local and regional customers," said Fertitta. "While we will be bringing new and exciting restaurant concepts to the Summerlin area for our local customers, Red Rock Station's superior quality and range of amenities will also attract guests from throughout the region," said Fertitta.

Red Rock Station is expected to be completed in early 2006. Some of the nation's most prestigious firms are involved in designing Red Rock Station, including Portland-based Architropolis, Las Vegas-based The Friedmutter Group and SADI, all of whom also participated in the design of Green Valley Ranch Station Casino in Henderson, Nevada.

The resort will be the heart of Summerlin Center, Summerlin's 400 acre downtown urban mixed use center, that at buildout will feature a regional retail center, Class A office buildings and mid-rise residential.