Station Changes Board Composition

9 Dec 2003

LAS VEGAS – (Press Release) -- Station Casinos, Inc. (NYSE:STN) today announced that Lee Isgur has been elected to its Board of Directors and that Glenn Christenson and Delise Sartini have resigned from the Board. As a result of these changes, the majority of the Company's Board now consists of independent directors. The independent members of the Company's Board are Lowell H. Lebermann, Dr. James Nave, Lynette Boggs-McDonald and Mr. Isgur. The remaining members of the Board are Frank Fertitta III, Lorenzo Fertitta and Blake Sartini. The Company also announced that Lorenzo Fertitta has assumed the additional responsibilities of Vice Chairman of the Board.

"Changing the Board composition to a majority of independent directors is an important step and is reflective of our growth as a Company. We are excited that Lee has chosen to join our Board. He brings a wealth of financial expertise, as well as experience in the gaming, entertainment and technology industries. Lee will serve as the "financial expert" on our Board's Audit Committee in accordance with the new disclosure requirements under Sarbanes-Oxley. We are also fortunate that the Board will still have access to Glenn Christenson in his continuing role as Chief Financial Officer and to Delise Sartini in her role as one of the Company's largest shareholders," said Frank Fertitta III, Chairman and Chief Executive Officer of the Company.

Mr. Isgur, a CFA, has over thirty years of experience in research and investment banking in the gaming, entertainment, and technology industries. Since 1999, he has served on the Board of Directors of eDiets and is a member of that company's Executive Committee and chairs the Audit and Compensation Committees. He is the Managing Partner of Corporate Counselors, a research and investment banking consulting firm formed in 1997. From 1994 to 1997, Mr. Isgur was a Managing Director of Jeffries & Company, an investment-banking firm. Prior to that, he was a Partner at Volpe Welty & Company, a leading San Francisco research and investment banking boutique known for its expertise in high technology industries.

Before moving to the West Coast, Mr. Isgur was the gaming, entertainment, and leisure industries research analyst for nearly 14 years at Paine Webber Mitchell Hutchins Inc., where he was First Vice President. There, his financial community peers voted him as an "all-star" analyst for 10 consecutive years.

Over the course of his investment banking career, Mr. Isgur was involved in a wide variety of transactions with numerous gaming and entertainment companies including initial public offerings, mergers and acquisitions and other banking activities. His clients included, among others, Bally Casinos, Bally Gaming, Fitzgerald's, Acclaim Entertainment, Monarch Hotel & Casino, Rio Hotel and Casino, Station Casinos, Bally Manufacturing, Carmike Cinemas, Electronic Arts, Golden Nugget, Harrah's, and King World Entertainment (now Viacom). Mr. Isgur has not performed any services for the Company since prior to 1995.

Since 2001 he has been a Principal and CFO of Marche, a Menlo Park, California restaurant, he helped found and organize.

Mr. Isgur graduated from the Amos Tuck School of Business at Dartmouth College, Hanover, NH with an MBA, and received a BA in economics from Reed College, Portland, Oregon. He lives with his wife Barbara in Woodside, California.

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	Station Changes Board Composition 9 Dec 2003 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS – (Press Release) -- Station Casinos, Inc. (NYSE:STN) today announced that Lee Isgur has been elected to its Board of Directors and that Glenn Christenson and Delise Sartini have resigned from the Board. As a result of these changes, the majority of the Company's Board now consists of independent directors. The independent members of the Company's Board are Lowell H. Lebermann, Dr. James Nave, Lynette Boggs-McDonald and Mr. Isgur. The remaining members of the Board are Frank Fertitta III, Lorenzo Fertitta and Blake Sartini. The Company also announced that Lorenzo Fertitta has assumed the additional responsibilities of Vice Chairman of the Board. "Changing the Board composition to a majority of independent directors is an important step and is reflective of our growth as a Company. We are excited that Lee has chosen to join our Board. He brings a wealth of financial expertise, as well as experience in the gaming, entertainment and technology industries. Lee will serve as the "financial expert" on our Board's Audit Committee in accordance with the new disclosure requirements under Sarbanes-Oxley. We are also fortunate that the Board will still have access to Glenn Christenson in his continuing role as Chief Financial Officer and to Delise Sartini in her role as one of the Company's largest shareholders," said Frank Fertitta III, Chairman and Chief Executive Officer of the Company. Mr. Isgur, a CFA, has over thirty years of experience in research and investment banking in the gaming, entertainment, and technology industries. Since 1999, he has served on the Board of Directors of eDiets and is a member of that company's Executive Committee and chairs the Audit and Compensation Committees. He is the Managing Partner of Corporate Counselors, a research and investment banking consulting firm formed in 1997. From 1994 to 1997, Mr. Isgur was a Managing Director of Jeffries & Company, an investment-banking firm. Prior to that, he was a Partner at Volpe Welty & Company, a leading San Francisco research and investment banking boutique known for its expertise in high technology industries. Before moving to the West Coast, Mr. Isgur was the gaming, entertainment, and leisure industries research analyst for nearly 14 years at Paine Webber Mitchell Hutchins Inc., where he was First Vice President. There, his financial community peers voted him as an "all-star" analyst for 10 consecutive years. Over the course of his investment banking career, Mr. Isgur was involved in a wide variety of transactions with numerous gaming and entertainment companies including initial public offerings, mergers and acquisitions and other banking activities. His clients included, among others, Bally Casinos, Bally Gaming, Fitzgerald's, Acclaim Entertainment, Monarch Hotel & Casino, Rio Hotel and Casino, Station Casinos, Bally Manufacturing, Carmike Cinemas, Electronic Arts, Golden Nugget, Harrah's, and King World Entertainment (now Viacom). Mr. Isgur has not performed any services for the Company since prior to 1995. Since 2001 he has been a Principal and CFO of Marche, a Menlo Park, California restaurant, he helped found and organize. Mr. Isgur graduated from the Amos Tuck School of Business at Dartmouth College, Hanover, NH with an MBA, and received a BA in economics from Reed College, Portland, Oregon. He lives with his wife Barbara in Woodside, California.