Station Casinos Receives Endorsement

13 May 2005

LAS VEGAS -- (PRESS RELEASE) --Station Casinos, Inc. (NYSE:STN) today announced that Proxy Governance, Inc. has recommended that shareholders support Station's Board of Directors by voting against the three non-binding stockholder proposals submitted by UNITE HERE, an affiliate of the Culinary Workers Local Union 226 (the "Union"). The Union, which has been engaged in a long-running campaign to unionize Station's workforce, has commenced a proxy contest to solicit support for its three precatory proposals. Stockholders will vote on the proposals, among other things, at the Company's Annual Meeting of Stockholders on Wednesday, May 18, 2005.

Proxy Governance's extensive analysis concluded that the Company's "superior financial performance and sound business strategy argue against the need for the dissidents' proposed governance reforms. There is no evidence of board or management entrenchment...." Proxy Governance also noted that "...the Board is properly discharging its oversight role..." and "...the dissidents have not presented compelling reasons why their selected governance reforms are needed at Station Casinos at this time."

Proxy Governance, Inc., located in Vienna, VA., provides proxy analysis and voting services to investment advisors, mutual funds, pension funds, money managers and other fiduciaries. Proxy Governance evaluates proxy issues and makes voting recommendations on an issue-by-company basis, considering a company's performance record, business environment, management strength, corporate governance and other factors. Proxy Governance describes its approach to proxy analysis as providing advice with the goal of truly building long-term shareholder value.

Frank J. Fertitta III, Chairman of the Board and Chief Executive Officer of the Company, commented: "We are pleased that Proxy Governance, a highly respected, neutral advisor on proxy issues, has recognized Station's superior performance and concluded that the Union's stockholder proposals are not in the best interests of stockholders. We continue to recommend that Station's stockholders reject the Union's efforts and vote against its three stockholder proposals."

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Station Casinos Receives Endorsement 13 May 2005 LAS VEGAS -- (PRESS RELEASE) --Station Casinos, Inc. (NYSE:STN) today announced that Proxy Governance, Inc. has recommended that shareholders support Station's Board of Directors by voting against the three non-binding stockholder proposals submitted by UNITE HERE, an affiliate of the Culinary Workers Local Union 226 (the "Union"). The Union, which has been engaged in a long-running campaign to unionize Station's workforce, has commenced a proxy contest to solicit support for its three precatory proposals. Stockholders will vote on the proposals, among other things, at the Company's Annual Meeting of Stockholders on Wednesday, May 18, 2005. Proxy Governance's extensive analysis concluded that the Company's "superior financial performance and sound business strategy argue against the need for the dissidents' proposed governance reforms. There is no evidence of board or management entrenchment...." Proxy Governance also noted that "...the Board is properly discharging its oversight role..." and "...the dissidents have not presented compelling reasons why their selected governance reforms are needed at Station Casinos at this time." Proxy Governance, Inc., located in Vienna, VA., provides proxy analysis and voting services to investment advisors, mutual funds, pension funds, money managers and other fiduciaries. Proxy Governance evaluates proxy issues and makes voting recommendations on an issue-by-company basis, considering a company's performance record, business environment, management strength, corporate governance and other factors. Proxy Governance describes its approach to proxy analysis as providing advice with the goal of truly building long-term shareholder value. Frank J. Fertitta III, Chairman of the Board and Chief Executive Officer of the Company, commented: "We are pleased that Proxy Governance, a highly respected, neutral advisor on proxy issues, has recognized Station's superior performance and concluded that the Union's stockholder proposals are not in the best interests of stockholders. We continue to recommend that Station's stockholders reject the Union's efforts and vote against its three stockholder proposals."