Tuesday, July 28, 2009 | 5:05 p.m.
- Station Casinos files for Chapter 11 (7-28-2009)
- Bondholder drops lawsuit against Station Casinos (5-11-2009)
- Station Casinos: Bankruptcy date depends on bondholders (3-18-2009)
- Betting it all on bankruptcy? (2-17-2009)
- Hearing delayed again on Station Casinos site (2-16-2009)
- Boyd responds to Station’s rejection of buyout (3-9-2009)
- Station rejects Boyd’s offer, extends debt deadline (3-3-2009)
- Boyd makes play for Station Properties (2-24-2009)
Founded in 1976, Station has some 13,400 employees in Southern Nevada and 10 major Las Vegas-area hotel-casino properties, including two that are 50 percent-owned with affiliates of the Greenspun family, owner of the Las Vegas Sun.
The Station properties are Red Rock Resort and Green Valley Ranch Resort; Sunset Station, Boulder Station, Palace Station, Texas Station, Santa Fe Station and Aliante Station; and Fiesta Henderson and Fiesta Rancho. The 50-percent owned properties are Green Valley Ranch in Henderson and Aliante in North Las Vegas.
It manages the Thunder Valley Indian casino in the Sacramento area for the United Auburn Indian Community and has eight smaller properties in the Las Vegas area.
The smaller properties include the Wild Wild West, which sits on a key 19-acre parcel on Tropicana Avenue west of the Las Vegas Strip and Interstate 15; three Wildfire properties, Lake Mead casino, Gold Rush casino and, in partnership with the Greenspun affiliates, Barley's and the Greens.
Other key assets are land held for development around the Las Vegas Valley and in Reno, a 6.7 percent stake in the joint venture that owns the Palms Casino Resort in Las Vegas as well as contracts to develop casinos with four Indian tribes: The Federated Indians of Graton Rancheria in Sonoma County, Calif.; the North Fork Mono Rancheria in Madera, Calif.; the Mechoopda Indian Tribe of Chico Rancheria near Chico, Calif.; and the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (known as the Gun Lake Tribe) in Bradley, Mich.
The company was taken private in an $8.7 billion deal completed Nov. 7, 2007, and engineered by Station executives Frank Fertitta III, chairman and chief executive; and his brother, Lorenzo Fertitta, who until June 2008 was president of the company; and Colony Capital LLC Chairman and Chief Executive Thomas Barrack Jr.
— Compiled by Steve Green