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Station Casinos
American hotel and casino gaming company
American hotel and casino gaming company
| Field | Value |
|---|---|
| name | Station Casinos, LLC |
| logo | Station Casinos.svg |
| type | Joint venture |
| foundation | , in Las Vegas, Nevada, U.S. |
| founder | Frank Fertitta Jr. |
| location | Summerlin South, Nevada, U.S. |
| area_served | Nevada |
| key_people | Frank Fertitta III (CEO and president) |
| Lorenzo Fertitta (chairman) | |
| owner | Frank Fertitta III & Lorenzo Fertitta (48%) |
| industry | Gaming and hospitality |
| revenue | $1.7 billion |
| revenue_year | 2023 |
| net_income | $338 million |
| net_income_year | 2023 |
| assets | $4.0 billion |
| assets_year | 2023 |
| num_employees | 9,385 |
| num_employees_year | 2024 |
| divisions | Wildfire Gaming |
| homepage |
Lorenzo Fertitta (chairman) Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station Casinos has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. () is a publicly traded holding company that owns a portion of Station Casinos.
History
The first Station Casinos property, Palace Station, is located in Las Vegas and originally opened as The Casino on July 1, 1976, which is considered the company's founding date. The Casino was renamed the Bingo Palace in 1977. Frank Fertitta Jr., the founder of Station Casinos, bought a 10-percent stake in the casino later that year and became its vice president and director. He bought out his partners in 1979, then expanded the casino and renamed it Palace Station in 1984.
Nearly a decade later, Fertitta filed to make the Palace Station a public company known as Station Casinos. The stock began trading on May 25, 1993. Fertitta held the position of chairman, but retired from the company that year. Control was taken over by family members, including his son Frank Fertitta III, who took the position of chairman, president, and chief executive officer.
The initial public offering helped finance the company's second Las Vegas property, Boulder Station, which opened in 1994. It is located along Boulder Highway in the eastern Las Vegas Valley. In Missouri, the company also opened the St. Charles riverboat casino in 1994. Meanwhile, Fertitta had begun construction on his own hotel-casino project, the Texas, located in North Las Vegas. Station shareholders objected to Fertitta branching out into the gaming industry on his own, prompting the company to purchase the Texas in 1995, shortly before its opening.
In Henderson, Nevada, Station opened the Sunset Station in 1997, followed by Green Valley Ranch in 2001, the latter in partnership with American Nevada Corporation. Station also purchased several existing properties in the Las Vegas Valley, including the Santa Fe in 2000,
In 2005, there were plans to develop two casinos in Reno: Station Casino Reno and Mount Rose Station. In 2020, the land was sold.
Station opened its Red Rock Resort in 2006. It was built in the Las Vegas community of Summerlin at a cost of $925 million, making it Station's most expensive property.
On December 4, 2006, Fertitta Colony Partners made a highly leveraged offer to purchase all existing shares at $82 per share and take the company private. The partnership consisted of Fertitta III and his brother Lorenzo, along with Colony Capital LLC. The Fertitta brothers, their sister Delise Sartini, and her husband Blake L. Sartini, with a combined investment of $870.1 million, purchased a 25% stake in Fertitta Colony Partners. Colony Capital contributed $2.6 billion for a 75% share. The buyout was completed on November 7, 2007.
On July 28, 2009, Station Casinos filed for Chapter 11 bankruptcy. Station Casinos' filing listed $5.7 billion in assets against $6.5 billion in debt. The filing said the company had 510 holders of unsecured and subordinate debt totaling $4.4 billion.
Station Casinos exited bankruptcy on June 17, 2011, with $4 billion less in debt and with creditors putting the company's 18 casinos back in the hands of the Fertitta family and their partners. The Fertitta brothers agreed to put nearly $200 million in the reassembled company and now own 45 percent of its shares. The other new equity owners include the company's main lenders, Deutsche Bank AG, which holds 25 percent; JPMorgan Chase with a 15 percent stake; and former bondholders with an additional 15 percent, according to lawyers on the deal.
Station Casinos announced on October 13, 2015, that it would return to the stock market with an initial public offering. On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange.
In 2016, Station Casinos purchased the Palms Casino Resort for $313 million. The company then spent more than $600 million on renovations, which failed to restore the resort to its former prominence. The Palms was sold to the San Manuel Band of Mission Indians in 2021, for $650 million. That year, the company announced that it would proceed with Durango, a long-planned resort in the southwest Las Vegas Valley. It opened at the end of 2023.
Several casino properties in the Las Vegas Valley – Texas Station, Fiesta Rancho, and Fiesta Henderson – were closed in 2020 amid the COVID-19 pandemic and never reopened. Station announced in 2022 that it would demolish the properties and sell the land to finance future projects. The demolition was viewed by analysts as a defensive move to prevent future competition from gaming rivals. Station also announced in 2022 that it would close and demolish its Wild Wild West Gambling Hall & Hotel, located in the Las Vegas Valley as well. The site will be redeveloped in connection with adjoining acreage.
In 2025, Station began operating the sportsbook at the Treasure Island Hotel and Casino, marking the company's debut on the Las Vegas Strip. It also began operating the sportsbooks at two other properties, CasaBlanca Resort and the Virgin River, both located in nearby Mesquite, Nevada.
Union dispute
Station Casinos has been involved in a long-time feud with the Culinary Workers Union, which represents the majority of resort workers in Las Vegas. The feud began in 2000, when Station purchased the Santa Fe. Workers there had already voted seven years earlier for representation, although a contract was never finalized under the former ownership. When Station took over, it required that all of the property's employees re-apply for their jobs, to the disagreement of the Culinary Workers Union. The union has since targeted other Station properties over the years in an effort to unionize them.
In 2019, the Culinary Workers Union filed 16 unfair labor practice charges with the National Labor Relations Board (NLRB) against Station Casinos, with the union alleging that workers received discriminatory work assignments and were threatened with being fired for supporting unionization. In June 2024, the NLRB ruled against Station Casinos, finding that the company had committed "extensive coercive and unlawful misconduct" as part of a "carefully crafted corporate strategy intentionally designed at every step to interfere with employees’ free choice" to unionize or not. As part of its ruling, the NLRB also issued a remedial bargaining order, also known as a Cemex bargaining order, which requires an employer that is found to have illegally interfered with a union election to immediately recognize and bargain with the union, rather than ordering a new election.
Restaurants
In 2008, due to the negative effects of the Great Recession, Station Casinos began leasing out restaurant space at its properties to outside operators. In 2011, the company was financially secure enough to resume management of these spaces, several of which were branded under the name Grand Cafe. These locations would again rebrand in 2021, some as Lucky Penny and others as Brass Fork.
Station also operated a chain of buffets at its properties, starting in the 1990s. Known as Feast Buffet, the chain operated until 2020, when most buffets in Las Vegas closed permanently as a result of the COVID-19 pandemic.
In 2024, Station began opening a chain of standalone bar-restaurants known as Seventy Six Tavern, the name referencing the company's 1976 founding.
Wildfire Gaming
Wildfire Gaming is a division of Station that operates small casinos around the Las Vegas Valley. Wildfire-branded casinos are smaller than Station's other properties and lack hotel rooms. The original property, known simply as Wildfire Casino, opened in 2001. The 20000 sqft casino included six table games and more than 200 slot machines. Station purchased it in 2003, and opened additional Wildfire casinos starting in 2008.
A 21000 sqft Wildfire was opened in downtown Las Vegas in 2023. It was built on five acres, occupying a portion of the former Castaways Hotel and Casino site, which Station had purchased in 2004. Compared to previous Wildfire casinos, the new location features a more upscale design which will be integrated into existing and future locations.
Current casinos
| Casino | Gaming area | Opening date | Notes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Boulder Station | 89443 sqft | |||||||||
| Durango | 83178 sqft | |||||||||
| Green Valley Ranch | 143891 sqft | |||||||||
| Palace Station | 84000 sqft | Previously operated as The Casino (1976–1977) and Bingo Palace (1977–1984) | ||||||||
| Red Rock Casino, Resort & Spa | 118309 sqft | |||||||||
| Santa Fe Station | 151001 sqft | Originally opened as the Santa Fe. It was sold to Station in 2000 and renamed Santa Fe Station. | ||||||||
| Sunset Station | 162173 sqft | |||||||||
| Wildfire Rancho | 6800 sqft | Originally opened as the Wildfire Casino, it was sold to Station in 2003. It was the first in the Wildfire chain. | ||||||||
| Wildfire Lanes | 6750 sqft | Previously known as Renata's. | ||||||||
| Wildfire Boulder | 6700 sqft | Previously known as the Magic Star Casino, and acquired by Station in 2004. | ||||||||
| Barley's | 5190 sqft | Part of Wildfire Gaming | ||||||||
| Wildfire Sunset | 4700 sqft | last=Smith | first=Rod | title=Station says it will buy two casinos | url=http://www.reviewjournal.com/lvrj_home/2004/Mar-30-Tue-2004/business/23545131.html | work=Las Vegas Review-Journal | date=March 30, 2004 | archive-url=https://web.archive.org/web/20041011151602/http://www.reviewjournal.com/lvrj_home/2004/Mar-30-Tue-2004/business/23545131.html | archive-date=October 11, 2004}} Previously known as The Gold Rush, it was rebranded under the Wildfire name in 2012. | |
| Wildfire Lake Mead | 3500 sqft | last=Stutz | first=Howard | title=Seventh Wildfire-brand property will open in Henderson | url=https://www.reviewjournal.com/business/casinos-gaming/seventh-wildfire-brand-property-will-open-in-henderson/ | access-date=March 17, 2023 | work=Las Vegas Review-Journal | date=June 4, 2014}} | ||
| Wildfire Anthem | 3500 sqft | 2013 | Previously known as Doc Hollidays before being acquired by Station in 2013. | |||||||
| Wildfire Valley View | 3500 sqft | 2013 | Previously operated as the Lift Bar before being acquired by Station in 2013. | |||||||
| Wildfire on Fremont | 21000 sqft | |||||||||
| The Greens Cafe | 1088 sqft | title=French-inspired cuisine the constant at The Greens | url=https://reviewjournal.newsbank.com/search?text=%22French-inspired%20cuisine%20the%20constant%20at%20The%20Greens%22&content_added=&date_from=&date_to=&pub%5B0%5D=LVRB | access-date=March 22, 2023 | work=Las Vegas Review-Journal | date=March 8, 2006 | url-access=subscription}} | Acquired by Station in 2005. Part of Wildfire Gaming. |
- Although not branded fully separately, Green Valley Ranch and Red Rock Resort are in a distinctly different upscale market niche from the other Station properties.
Former casinos
| Casino | Gaming area | Opening date | Notes |
|---|---|---|---|
| Texas Station | 121823 sqft | Closed in 2020 due to the COVID-19 pandemic and demolished in 2022. | |
| Graton Resort & Casino | 340000 sqft | Operated through a seven-year deal (2013-2020) with the Federated Indians of Graton Rancheria, which owns the resort. | |
| Fiesta Henderson | 73450 sqft | Originally opened as The Reserve, and purchased in 2001 by Station, which renamed it that year as Fiesta Henderson. Closed in 2020 due to the COVID-19 pandemic and demolished in 2022. | |
| Fiesta Rancho | 59932 sqft | Originally opened by the Maloof family as the Fiesta. In 2001, it was purchased by Station and renamed Fiesta Rancho. Closed in 2020 due to the COVID-19 pandemic and demolished in 2022. | |
| Palms Casino Resort | 94840 sqft | Originally opened by the Maloof family, with Station holding a six-percent ownership stake. Station later bought the resort in 2016, before selling to the San Manuel Band of Mission Indians in 2021. | |
| Wild Wild West Gambling Hall & Hotel | 11250 sqft | Originally opened in 1974, as the King 8. In 1998, it was purchased by Station and renamed the Wild Wild West. It closed in 2022 for future redevelopment. | |
| Aliante Station | 125000 sqft | Sold to a holding company in 2011, following Station's bankruptcy two years earlier. Station continued operating the resort until 2012, when it was renamed Aliante Casino and Hotel. | |
| Castaways | 35000 sqft | Closed in 2004 and purchased later that year by Station, which subsequently demolished it. A Wildfire casino now occupies a portion of the site. | |
| Station Casino Kansas City | 140000 sqft | In 2000, it was sold to Ameristar Casinos and renamed Ameristar Casino Kansas City. | |
| Station Casino St. Charles | 130000 sqft | Sold and renamed in 2000, following a purchase by Ameristar Casinos. | |
| Thunder Valley | 144500 sqft | Owned by the United Auburn Indian Community, and operated by Station from 2003 to 2010. |
Development sites
Various sites around the Las Vegas Valley are owned by Station for future development.
- Losee Station
- Flamingo Road – At Clark County 215 and Town Center Drive in Summerlin South.
- Wild Wild West – At the intersection of Dean Martin Drive and West Tropicana Avenue in Paradise. Due to the special proximity of this site to the Las Vegas Strip, Station intends to build a tourist-oriented megaresort on this site.
- 40 acres at Tule Springs
- 45 acres at Inspirada
- A site at Skye Canyon
- 126 acres at Cactus Avenue and Las Vegas Boulevard
References
References
- (April 28, 2023). "Form 14A: Proxy Statement". Red Rock Resorts.
- (February 21, 2024). "Form 10-K: Annual Report". Red Rock Resorts.
- (February 21, 2024). "Form 10-K: Annual Report". Red Rock Resorts.
- "Interactive Map Viewer". [[Las Vegas.
- "Map". Station Casinos.
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- Wargo, Buck. (July 6, 2021). "Station Casinos celebrates 45 years in Vegas, pride in being a Top Workplace". Las Vegas Business Press.
- Hawley, Tom. (June 29, 2016). "Video Vault {{!}} Station Casinos' start in 1976 was modest bingo parlor". KSNV.
- (July 14, 1977). "Board backs Dunes fiscal officer proposal". Reno Evening Gazette.
- (July 22, 1977). "Gaming commission approves plans for Gold Dust West". Reno Evening Gazette.
- (November 10, 1977). "Commissioners delay action in license suspension". Las Vegas Review-Journal.
- Dahlberg, Tim. (August 23, 1979). "Carl Thomas faces gaming board action". Las Vegas Review-Journal.
- (January 1, 1984). "Bingo Palace making changes". Las Vegas Review-Journal.
- Palermo, Dave. (February 26, 1993). "Palace Station wants to go public". Las Vegas Review-Journal.
- Krane, Elliot. (March 7, 1993). "Palace Station applies to go public as Station Casino". The Press of Atlantic City.
- (May 26, 1993). "Station Casinos Inc. stock heavily traded". Las Vegas Review-Journal.
- (May 26, 1993). "Is riverboat craze sunk for investors?". Reno Gazette-Journal.
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- (March 24, 1994). "Evansville casino applicant's background questioned". Messenger-Inquirer.
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- (March 15, 1994). "St. Charles Gambling Issues Ready To Float". St. Louis Post-Dispatch.
- (June 25, 1993). "St. Charles Joins Casino Race With Work On $33 Million Facility". St. Louis Post-Dispatch.
- (December 3, 1993). "New Boats In The Pipeline For 2 Casino Operators". St. Louis Post-Dispatch.
- Stutz, Howard. (September 28, 2022). "Indy Gaming: Fertitta brothers almost had a familiar competitor – their father". The Nevada Independent.
- (May 23, 1995). "Station Casinos to buy Texas Hotel". Las Vegas Review-Journal.
- Berns, Dave. (June 11, 1997). "Sunrise on Sunset". Las Vegas Review-Journal.
- Simpson, Jeff. (December 19, 2001). "Station inaugurates Green Valley Ranch". Las Vegas Review-Journal.
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- Simpson, Jeff. (January 4, 2001). "Casino Transition: Maloof sorry to see Fiesta go". [[Las Vegas Review-Journal]].
- Scrivner, Lee. (January 30, 2001). "Station takes control of The Reserve today". Henderson Home News.
- (2 December 2021). "Station Casinos sells big land tract in Reno".
- (2 August 2016). "Station announce plans to build casino in Reno".
- (9 September 2020). "Station Casinos Parting with 97 Reno Acres, Including Site of Unrealized Casino".
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- Knightly, Arnold M.. (May 8, 2007). "Fertittas will cash, take stake". Las Vegas Review-Journal.
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- Knightly, Arnold M.. (July 28, 2009). "Station Casinos files for Chapter 11". Las Vegas Review-Journal.
- Triedman, Julie. (June 20, 2011). "After Two Rocky Years, Station Casinos Exits Bankruptcy". The Am Law Daily.
- Stutz, Howard. (October 13, 2015). "Station Casinos announces plans for an initial public offering". Las Vegas Review-Journal.
- Driebusch, Corrie. "Red Rock IPO Prices in Line With Casino Operator's Target". Dow Jones & Company, Inc..
- Morris, J.D.. (May 10, 2016). "Palms sold to Station Casinos for $312.5 million". Vegas Inc..
- (May 10, 2016). "Red Rock Resorts announces agreement to acquire Palms Casino Resort". Red Rock Resorts.
- Palmeri, Christopher. (May 4, 2021). "California Tribe Buys Palms Casino in Vegas for $650 Million". Bloomberg.
- Schulz, Bailey. (May 24, 2021). "Nearly 20 years later, trailblazing Palms awaits new chapter". Las Vegas Review-Journal.
- (4 May 2021). "Red Rock agrees $650m Palms Casino sale to San Manuel Band of Mission Indians".
- Velotta, Richard N.. (December 16, 2021). "Gaming Commission OKs license for tribe to own, operate Palms". Las Vegas Review-Journal.
- Segall, Eli. (May 8, 2021). "Station Casinos looks — again — to develop long-held property". Las Vegas Review-Journal.
- Shoro, Mike. (July 28, 2021). "Station Casinos reveals plans for long-awaited southwest valley casino". Las Vegas Review-Journal.
- (December 5, 2023). "'A fresh idea': Durango opens to the public". Las Vegas Review-Journal.
- Velotta, Richard N.. (July 15, 2022). "Station Casinos to demolish 3 closed properties, sell land". Las Vegas Review-Journal.
- Lacanlale, Rio. (July 15, 2022). "These Nevada casinos never reopened after the shutdown. Now they're slated for demolition.". Reno Gazette Journal.
- (July 16, 2022). "High hopes emerge for land after Station demolishes casinos". Las Vegas Review-Journal.
- Dimanche, Kay. (July 15, 2022). "Former Texas Station employee sad to see end of three Las Vegas valley casinos". KSNV.
- Cruz, Martha. (2022-09-02). "Red Rock Resorts announces the closure, demolition of Wild Wild West Gambling Hall". KSNV.
- Barnes, Jim. (2022-09-02). "Station Casinos closing another Las Vegas property". Las Vegas Review-Journal.
- Stutz, Howard. (2022-09-02). "Red Rock Resorts to close and demolish its fourth casino for future development". The Nevada Independent.
- Szydelko, Paul. "Station Casinos opens its first sportsbook on the Las Vegas Strip".
- Seeman, Matthew. (May 15, 2025). "Mesquite resorts add Station Casinos sportsbooks". KSNV.
- Stutz, Howard. (September 19, 2021). "'What's the endgame?' No resolution projected as decades-long feud between Culinary and Station Casinos continues". The Nevada Independent.
- Seeman, Matthew. (2024-06-18). "Labor board says Station Casinos violated labor law, issues bargaining order for union".
- Jamieson, Dave. (2024-06-18). "Labor Board Orders Station Casinos To Bargain With Union".
- Stutz, Howard. (2024-06-18). "Federal labor agency orders Station Casinos to negotiate with Culinary Union".
- Goldberg, Delen. (December 2, 2011). "Station Casinos takes back reins on its restaurants". VegasInc.
- Seeman, Matthew. (February 17, 2021). "Station Casinos to rebrand 24-hour cafes at five properties". KSNV.
- Mancini, Al. (February 17, 2021). "Station Casinos changing names, menus at 24-hour cafes". Las Vegas Review-Journal.
- Knapp Rinella, Heidi. (May 21, 2021). "Station Casinos continues transformation of iconic Grand Cafes". Las Vegas Review-Journal.
- (April 5, 2018). "Reno's Feast restaurant to change name after cease and desist case settled". Northern Nevada Business Weekly.
- (October 19, 2021). "Question of the Day". Las Vegas Advisor.
- Kelly, DB. (May 6, 2025). "12 Shuttered Vegas Buffets We Really, Truly Miss".
- Ross, McKenna. (September 30, 2024). "Station Casinos plans grand opening for first of new tavern brand". Las Vegas Review-Journal.
- Vannoy, Jenelle. (January 13, 2025). "Seventy Six Tavern to open second location in North Las Vegas with grand celebration". KSNV.
- (October 11, 2024). "Seventy Six by Station Casinos gears up for grand opening". KSNV.
- Segall, Eli. (December 13, 2021). "Station Casinos pitching project near downtown Las Vegas". Las Vegas Review-Journal.
- Komenda, Ed. (August 1, 2013). "Station turning two neighborhood bars into Wildfire Casinos". VegasInc.
- (March 21, 2001). "Groundbreaking set for Friday". Las Vegas Sun.
- Simpson, Jeff. (December 26, 2001). "Casino's changes complete: Wildfire to replace storied Ernie's bar". Las Vegas Review-Journal.
- Simpson, Jeff. (January 6, 2002). "Nevadan at Work: John Bauchman, Owner, Ernie's bar and Wildfire Casino". Las Vegas Review-Journal.
- (January 15, 2003). "Station Casinos Agrees to Buy Las Vegas Wildfire Casino". KLAS.
- Benston, Liz. (January 15, 2003). "Station signs agreement to acquire Wildfire Casino". Las Vegas Sun.
- (June 24, 2008). "Two new Wildfire casinos to open". Las Vegas Sun.
- (July 16, 2008). "DooWop, KISS add sizzle to summer". Las Vegas Review-Journal.
- Ross, McKenna. (January 30, 2023). "New downtown Las Vegas casino sets opening date". Las Vegas Review-Journal.
- Stutz, Howard. (February 20, 2023). "New Wildfire Casino starts Red Rock's latest building boom". The Nevada Independent.
- Segall, Eli. (July 5, 2022). "Station Casinos building new project in downtown Las Vegas". Las Vegas Review-Journal.
- Ross, McKenna. (November 22, 2022). "Station Casinos planning new-look Wildfire in downtown Las Vegas". Las Vegas Review-Journal.
- Ross, McKenna. (February 10, 2023). "First look inside Downtown Las Vegas' 'hot' new casino". Las Vegas Review-Journal.
- Curtis, Anthony. (February 26, 2023). "Las Vegas Advisor: Wildfire casino opens in downtown Las Vegas". Honolulu Star-Advertiser.
- Smith, Rod. (March 30, 2004). "Station says it will buy two casinos". Las Vegas Review-Journal.
- Benston, Liz. (March 29, 2004). "Station acquiring locals casinos in Henderson". Las Vegas Sun.
- Sieroty, Chris. (June 5, 2012). "Gold Rush Casino to reopen as Wildfire Sunset". Las Vegas Review-Journal.
- Sieroty, Chris. (August 29, 2012). "Wildfire Gaming to open fourth casino, Wildfire Sunset in Henderson". Las Vegas Review-Journal.
- Stutz, Howard. (June 4, 2014). "Seventh Wildfire-brand property will open in Henderson". Las Vegas Review-Journal.
- "Wildfire on Fremont".
- (March 8, 2006). "French-inspired cuisine the constant at The Greens". Las Vegas Review-Journal.
- Simpson, Jeff. (April 24, 2003). "Station lands tribal casino deal". Las Vegas Review-Journal.
- Stutz, Howard. (July 7, 2014). "California Indian casino built and managed by Station Casinos rising to the top of class". Las Vegas Review-Journal.
- (16 September 2022). "Las Vegas Planning Commission votes in favor of Station Casinos resort near 215, Losee".
- Segall, Eli. (July 20, 2022). "Station Casinos buys 126 acres south of Strip". Las Vegas Review-Journal.
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