Station Casinos Named on Fortune Magazine List

LAS VEGAS -- (PRESS RELEASE) -- Station Casinos (NYSE:STN) today announced that it has been named one of FORTUNE magazine's 100 best companies to work for in 2005, the first Nevada-based company and member of the gaming industry to appear on the list.

Station Casinos ranked 54th overall, well ahead of prominent corporate powerhouses such as Procter & Gamble, Nordstrom and Fed Ex. In the large company category featuring 37 companies with 10,000 or more U.S. employees, Station ranked 12th.

"This recognition is a reflection of the quality of our team members", said Frank Fertitta III, chairman and chief executive officer for Station Casinos, Inc. "We've been able to attract some of the very best in the hospitality industry by treating each of our team members with respect, promoting a work-life balance and providing them with opportunities to achieve their full potential. Simply put, we have always tried to treat our team members as we would like to be treated as this is one of the cornerstones upon which this company was founded by my father more than 26 years ago," said Fertitta.

FORTUNE cites Station Casinos as a pioneer for being the first Las Vegas Company to offer its employees full-service on-site dentistry and 24-hour childcare. The Company was also recognized for its diverse workforce and innovative approach to encouraging philanthropic activities among employees.

"Each of the areas that was evaluated in this process represents an integral part of Station Casinos' management philosophy. To us, this recognition is testament that we are succeeding and our team members appreciate the culture we have created," said Valerie Murzl, Station Casinos' vice president of human resources.

"The 100 Best Companies to Work for" list is compiled for FORTUNE by Robert Levering and Milton Moskowitz of the Great Place to Work Institute in San Francisco, and is based on two criteria: an evaluation of the policies and culture of each company, and the opinions of the company's employees. The latter is given more weight; two-thirds of the total score comes from employee responses to a 57-question survey, which goes to a minimum of 350 randomly selected employees from each company. The survey asks about things such as attitudes towards management, job satisfaction, and camaraderie within the organization. The remaining one-third of the score is based on an evaluation of each company's demographic makeup, pay and benefits programs, and culture. Companies are scored in four areas: credibility (communication to employees), respect (opportunities and benefits), fairness (compensation, diversity), and pride/camaraderie (philanthropy, celebrations).

The list and related stories appear in FORTUNE's January 24 issue, on newsstands January 17 and now at www.fortune.com.