Station Casinos Responds to Land Trust Decision
LAS VEGAS -- (PRESS RELEASE) -- Station Casinos, Inc. (NYSE:STN) commented today on the U.S. Department of Interior's decision to issue a Notice of Intent to place land in trust for gaming purposes for the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (commonly known as the Gun Lake Tribe) in Wayland Township, Michigan. On November 14, 2003, the Company announced that it had purchased an interest in MPM Enterprises, LLC and entered into a Development Services Agreement and a Management Agreement with the Gun Lake Tribe.
"We are very pleased that the U.S. Department of Interior has decided to take the 145 acre parcel into trust for the Gun Lake Tribe to use for gaming purposes," said Glenn Christenson, executive vice president and chief financial officer, Station Casinos, Inc. "We view this decision as one of the the final steps in the development of a state-of-the-art gaming and entertainment facility in West Michigan."
"We congratulate the Gun Lake Tribe and look forward to working with them in developing and managing their gaming and entertainment project and will work to strengthen the alliance that the tribe has forged with the local community as we proceed with the development process," said Christenson.
