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Station Casinos News
Station Casinos Breaks Ground
16 Apr 2004
Station Casinos, Inc. executives today broke ground on Red Rock Station Resort and Casino.
Director Resigns from Station Casinos' Board
1 Apr 2004
Station Casinos, Inc. reports that Lynette Boggs-McDonald has resigned from the company's Board of Directors.
Station Acquiring Locals Casinos in Henderson
29 Mar 2004
Station Casinos Inc. announced an agreement Friday to buy two small casinos in Henderson, a deal that gives the company six locals casinos in the region.
Station Casinos Increases Quarterly Cash Dividend
29 Mar 2004
Station Casinos, Inc.’s Board of Directors has declared a 40% increase in its quarterly cash dividend to $0.175 per share.
Station Casinos Confirms Notes Sold
18 Mar 2004
Station Casinos has sold $450 million of senior notes due 2012 and will use most of the proceeds to pay off other debt due 2008 and paying a higher interest rate.
Station Casinos Enters Partnership with California Tribe
5 Mar 2004
Station Casinos has entered into Development and Management Agreements with the North Fork Rancheria of Mono Indians to assist in developing and operating a gaming and entertainment project.
Station Casinos Commences Tender Offer
4 Mar 2004
Station Casinos, Inc. has commenced a cash tender offer and consent solicitation for any and all of its $400,000,000 aggregate principal amount of 8-3/8% Senior Notes due 2008.
Casino Stocks: Station, Boyd Help Index to Fine February
1 Mar 2004
The average value of gaming stocks soared to new records in February, up 76 percent from a year earlier, despite marked weaknesses in slot machine manufacturers' shares, analysts said Friday.
Public Hearing for Proposed California Casino
26 Feb 2004
News Brief: A public hearing on the environmental impacts of a proposed casino west of Rohnert Park will be held on March 10.
Station Casinos to Issue $350 Million in Notes
25 Feb 2004
Station Casinos has agreed to issue $350 million in aggregate principal amount of 6 7/8% senior subordinated notes due March 1, 2016.
Station Settlement Details Reported
12 Feb 2004
Station Casinos Inc.'s $38 million settlement of a Missouri lawsuit will result in a payment of $25 million to an unsuccessful casino applicant and another $2.83 million to a town where the applicant planned to establish the casino.
Perini Wins Green Valley Ranch Station Contract
3 Feb 2004
Station Casinos Inc. awarded Perini Building Co. a $63 million construction contract to expand Green Valley Ranch Station, a four-diamond casino resort.
Station Casinos Results Mixed
29 Jan 2004
Station Casino reports net revenues for Q4 were approximately $229.9 million, an increase of 14% compared to Q4 2002. EBITDA for the quarter was $84.6 million, an increase of 40% compared to Q4 2002. The company also reported net loss of $8.6 million and loss applicable to common stock of $0.14 per share.
Moody's Upgrades Debt
26 Jan 2004
Debt rating agency Moody's Investors Service upgraded the ratings of several of Station Casinos Inc.'s debt offerings.
Station Casinos to Issue Notes
16 Jan 2004
Station Casinos has agreed to issue $400 million in aggregate principal amount of 6.50% senior subordinated notes due February 1, 2014.
Station Casinos Assigned Rating
16 Jan 2004
News Brief: Standard & Poor's Ratings Services assigned its 'B+' rating to Station Casinos Inc.'s proposed $325 million senior subordinated notes due 2014.
Station Casinos Reports Goals, Financial Plans
15 Jan 2004
Station Casinos reiterates its existing financial guidance, reports on the company’s development and financing plans for Red Rock Station and establishes three year business and financial goals.
Station Casinos Offers Notes
14 Jan 2004
Station Casinos has commenced a cash tender offer and consent solicitation for its $199,900,000 aggregate principal amount of 8-7/8% Senior Subordinated Notes due 2008.
Red Rock Station Plan gets County Approval
8 Jan 2004
Clark County commissioners unanimously approved revised plans
for the Red Rock Station resort Wednesday.
Compromise Still Sought on Red Rock Station Design
6 Jan 2004
Opponents and planners of a new resort in Summerlin met for four hours Monday night in an effort to find a compromise design for the new Red Rock Station.
Station Casino to Expand Casinos
16 Dec 2003
Station Casinos, Inc. is planning expansion projects totaling $56 million for its Santa Fe Station Hotel &Casino and Fiesta Rancho Casino Hotel properties.
Nevada Casino Impacts County Elections
12 Dec 2003
Station Casino’s suburban casino project that once pitted developers against nearby residents once again has put a bull's eye on a Clark County commissioner facing re-election.
Station Changes Board Composition
9 Dec 2003
Station Casinos, Inc. reports that Lee Isgur has been elected to its Board of Directors and that Glenn Christenson and Delise Sartini have resigned from the Board.
Nevada Commissioners Delay Vote on Station Tower
4 Dec 2003
More than three hours of sometimes acrimonious testimony and cross talk Wednesday failed to produce a decision from the Clark County Commission on a proposed 300-foot tower and 1,500-room resort in Summerlin, Nevada.
Station Casinos Aims Red Rock Project at an Upscale Clientele
2 Dec 2003
Station Casinos' planned $400 million plus Red Rock Station will continue the gaming company's recent evolution into more than just a locals casino company.
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