STATION CASINOS DL-,01 - 500 Beiträge pro Seite

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http://www.stationcasinos.com/templates/corphome.asp





Company Overview
A list of many important company facts and figures.

Founded in 1976, in Las Vegas, Nevada, Station Casinos is the preeminent provider of gaming and entertainment for residents of the Las Vegas metropolitan area.
Station Casinos owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Santa Fe Station Hotel & Casino, Sunset Station Hotel & Casino, Fiesta Rancho Casino & Hotel, Fiesta Henderson Casino & Hotel, Wild Wild West Gambling Hall & Hotel, a 50 percent interest in Barley`s Casino & Brewery all in the Las Vegas metropolitan area..
The company reported net revenues of $991.7 million for fiscal 2000, and employs approximately 11,000 team members.
Station Casinos is credited as an innovator in catering to "local" customers seeking a complete gaming and entertainment experience with unparalleled convenience, high quality assets, unique gaming products, personalized customer service, and consistency in execution.
A typical "Station" will offer 2,000-3,000 gaming devices, a full array of table games, a race and sports book, several hundred guest rooms, several full-service restaurants, fast-food outlets, movie screens, live entertainment venues, child-care services, a midway/arcade, and covered parking.
More than 50 percent of the population base in the Las Vegas metropolitan area lives within a 3-mile radius of one of our facilities.
The Station Casinos Boarding Pass, our player rewards program introduced last year, allows customers to earn points for slot play and redeem them for merchandise, food, lodging, movie passes, child-care, concert tickets, and other events at any of our properties in Las Vegas.
The newest Station Casino is on a 40-acre site on the south side of Interstate 215 at Green Valley Parkway in Henderson, Nev. The 40-acre resort site is part of a 170-acre mixed-use commercial, retail and office project. The project is co-owned by Station Casinos, Inc. and GCR Gaming, LLC, a company owned by American Nevada Corporation. It is managed by a subsidiary of Station Casinos, Inc.
The company`s stock is publicly traded (NYSE:STN) and we have several corporate bond issues outstanding as well.

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ganz wichtig...

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Station Appoints New Director


LAS VEGAS, Jul 24, 2003 /PRNewswire-FirstCall via COMTEX/ -- Station Casinos,
Inc. (NYSE: STN) ("Station" or the "Company") announced today that Lynette Boggs
McDonald has been appointed to the Company`s Board of Directors. Ms. Boggs
McDonald, a City of Las Vegas councilwoman and small business owner, will
replace Tim Poster, who recently resigned his position on the Company`s Board.

"We are very excited that Lynette has chosen to join our Board. She brings with
her a wealth of leadership experience and marketing expertise. She also
understands the Las Vegas community and our core customer base very well. Her
keen understanding of local government will also help us as we continue to
expand our Native American gaming franchise outside the Las Vegas area. She will
be a great asset to us," said Frank Fertitta III, chairman and chief executive
officer of the Company.

Ms. Boggs McDonald, who was the 2002 Republican candidate for United States
Congress from Nevada`s First Congressional District, first joined the city
council in 1999 and was re-elected in 2001. Prior to joining the City Council,
Ms. Boggs McDonald held leadership and management positions within various
organizations. She is the owner of LBM Consulting, a public relations and
marketing consulting business and also served as President of Thomas Puckett
Advertising, a full service-advertising agency. Ms. Boggs McDonald also
previously served as Director of Marketing and Community Relations for the
University of Nevada, Las Vegas and gained extensive knowledge of local
government operations when she served as assistant city manager for the City of
Las Vegas from 1994-1997.

Ms. Boggs McDonald received a Bachelor`s of Business Administration Degree in
Marketing from the University of Notre Dame. She also attended the University of
Oregon Graduate School of Journalism and received her Master`s in Public
Administration from the University of Nevada, Las Vegas. Ms. Boggs McDonald was
named a "Woman of Achievement" by the Notre Dame Alumni Association, a 2001
Community Hero by the National Conference for Community and Justice, and
received the 2001 Crystal Service Award by the National Association of Negro
Business and Professional Women`s Clubs, Inc. and the Phillip Morris Companies,
USA.

Ms. Boggs McDonald is actively involved in the Las Vegas community. She is a
member of the Southern Nevada Debt Management Commission and also serves as
President of the Nevada League of Cities and Municipalities. She was appointed
in 2003 by Nevada Governor Kenny Guinn to serve on the Nevada Commission on
Aging. Boggs McDonald is a Trustee of Catholic Charities of Southern Nevada and
serves on the Board of the Summerlin Children`s Forum.

Station Casinos, Inc. is the leading provider of gaming and entertainment to the
residents of Las Vegas, Nevada. Station`s properties are regional entertainment
destinations and include various amenities, including numerous restaurants,
entertainment venues, movie theaters, bowling and convention/banquet space, as
well as traditional casino gaming offerings such as video poker, slot machines,
table games, bingo and race and sports wagering. Station owns and operates
Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station
Hotel & Casino, Wildfire Casino and Wild Wild West Gambling Hall & Hotel in Las
Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino
Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta
Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent
interest in both Barley`s Casino & Brewing Company and Green Valley Ranch
Station Casino in Henderson, Nevada and a 6.7 percent interest in the Palms
Casino Resort in Las Vegas, Nevada. In addition, the Company manages the Thunder
Valley Casino for the United Auburn Indian Community just outside Sacramento,
California.

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Nevada Gaming Commission Discusses Impact of Sacramento, Calif., Casino


Jul 25, 2003
The power of Station Casinos

isn`t lost on the Nevada Gaming Commission, which held its monthly
meeting Thursday in Las Vegas.

Thunder Valley Casino, the United Auburn Indian Community`s Las Vegas
locals-style gambling operation, will generate an estimated $65 million to $75
million in first-year management fees for Station, the company announced
Wednesday.

The projection implies yearly property cash flow of $275 million to $300
million, which, if correct, would make Thunder Valley a bigger cash-flow
producer than all Nevada megaresorts save Bellagio.

Northern Nevadans worried about the impact of Thunder Valley on Reno and Lake
Tahoe casinos have sympathetic ears on the commission, but the panel members
admitted that the Station-operated property would likely hurt the market`s
casinos, at least in the short run.

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Graton Rancheria Enters Into Option Agreement for Alternative Site For Sonoma County Resort/Casino Project


LAS VEGAS, Aug 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Federated
Indians of Graton Rancheria (the "Tribe") and Station Casinos, Inc. (NYSE: STN)
("Station" or the "Company") today announced that they have entered into an
option to purchase 360 acres of land just west of Rohnert Park`s city limits in
Sonoma County, California on which they propose to build a gaming and
entertainment project.

"The Tribe has been searching for a site in a progressive community that will
embrace the economic benefits generated by the investment in this entertainment
complex. The Tribe believes that developing the project in this location will be
mutually beneficial to the Tribe, the City of Rohnert Park and Sonoma County,"
said Scott Nielson, executive vice president and chief legal officer for Station
Casinos, Inc.

"I have always believed that this Tribe deserves a chance at economic
self-reliance," said U.S. Rep. Mike Thompson (D-Napa Valley), who had encouraged
the Tribe to find an alternative site. "I support their efforts to work with the
community to find a new site that is both environmentally feasible and
economically viable. The public process still needs to move forward, but I am
extremely encouraged by this development."

The proposed site is bordered by Stony Point Road, Wilfred Avenue and Rohnert
Park Expressway, approximately one-half mile from the 101 freeway and
approximately 43 miles from downtown San Francisco. A map of the proposed site
may be found on Station Casinos` website at www.stationcasinos.com .

The Tribe and Station intend to meet in the near future with Sonoma County and
the City of Rohnert Park to make a presentation concerning the proposed project.
The Tribe also intends to begin negotiations with Sonoma County and the City of
Rohnert Park in the near future on a Memorandum of Understanding ("MOU") which
will address local impacts and related mitigation steps, as well as outline new
sources of revenue which will benefit Rohnert Park and the larger Sonoma County
community. If an MOU is reached and the land is taken into trust by the federal
government, the Tribe has committed to transfer to Sonoma County their rights to
the parcel of land that was originally proposed for the project.

Station Casinos, Inc. is the leading provider of gaming and entertainment to the
residents of Las Vegas, Nevada. Station`s properties are regional entertainment
destinations and include various amenities, including numerous restaurants,
entertainment venues, movie theaters, bowling and convention/banquet space, as
well as traditional casino gaming offerings such as video poker, slot machines,
table games, bingo and race and sports wagering. Station owns and operates
Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station
Hotel & Casino, Wild Wild West Gambling Hall & Hotel, and the Wildfire Casino in
Las Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino
Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta
Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent
interest in both Barley`s Casino & Brewing Company and Green Valley Ranch
Station Casino in Henderson, Nevada. In addition, Station manages Thunder Valley
Casino in Sacramento, California on behalf of the United Auburn Indian
Community.

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Station Casinos Announces Tender Offer and Consent Solicitation

LAS VEGAS, Sep 11, 2003 /PRNewswire-FirstCall via COMTEX/ -- Station Casinos, Inc. (NYSE: STN) ("Station" or "the Company") announced today that it has commenced a cash tender offer and consent solicitation (the "Offer") for any and all of its $199,900,000 aggregate principal amount of 8-7/8% Senior Subordinated Notes due 2008 (the "Notes").

The Offer is scheduled to expire at 12:00 midnight, New York City time, on Wednesday, October 8, 2003, unless extended or earlier terminated (the "Expiration Date"). The consent solicitation will expire at 5:00 p.m., New York City time, on Wednesday, September 17, 2003 (the "Consent Date"). Holders tendering their Notes will be required to consent to certain proposed amendments to the indenture governing the Notes, which will eliminate substantially all of the restrictive covenants. Holders may not tender their Notes without delivering consents or deliver consents without tendering their Notes.

Holders who validly tender their Notes by the Consent Date will receive the total consideration of $1,045 per $1,000 principal amount of Notes (if such notes are accepted for purchase). Holders who validly tender their Notes after the Consent Date and prior to the Expiration Date will receive as payment for the Notes $1,015 per $1,000 principal amount of Notes (if such notes are accepted for purchase). In either case, Holders who validly tender their Notes also will be paid accrued and unpaid interest up to, but not including, the date of payment for the Notes (if such notes are accepted for purchase).

Holders who validly tender their Notes by the Consent Date will receive payment on the initial settlement date, which is expected to be on or about September 29, 2003.

The Offer is subject to the satisfaction of certain conditions, including the Company`s receipt of tenders of Notes representing a majority of the principal amount of the Notes outstanding, senior subordinated financing on terms acceptable to the Company in an amount sufficient to consummate the Offer and receipt of the Consent referred to below. The terms of the Offer are described in the Company`s Offer to Purchase and Consent Solicitation Statement dated September 11, 2003, copies of which may be obtained from D.F. King & Co., Inc.

The Company also is seeking consent from holders of its 8 3/8% Senior Notes due 2008 to a modification to the related indenture to permit certain refinancings of Subordinated Indebtedness (the "Consent").

The Company has engaged Banc of America Securities LLC and Deutsche Bank Securities, Inc. to act as dealer managers and solicitation agents in connection with the Offer and Consent. Questions regarding the Offer and Consent may be directed to Banc of America Securities LLC High Yield Special Products at [phone] (US toll-free) and [phone] (collect). Requests for documentation may be directed to D.F. King & Co., Inc., the information agent for the Offer and Consent, at [phone] (US toll-free) and [phone] (collect).

The announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The Offer is being made solely by the Offer to Purchase and Consent Solicitation Statement dated September 11, 2003.

Company Information and Forward Looking Statements

Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station`s properties are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Casino and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent interest in both Barley`s Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada and a 6.7 percent interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino in Sacramento, California on behalf of the United Auburn Indian Community.

This press release contains certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, acquisitions and expansion projects of the Company and its subsidiaries which involve risks and uncertainties including, but not limited to, financial market risks, the ability to maintain existing management, integration of acquisitions, competition within the gaming industry, the cyclical nature of the hotel business and gaming business, economic conditions, regulatory matters and litigation and other risks described in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, the Company`s Annual Report on Form 10-K for the year ended December 31, 2002, and its Registration Statement on Form S-4 File No. 333-66140.

SOURCE Station Casinos, Inc.

Glenn C. Christenson, Executive Vice President/Chief Financial
Officer/Chief Administrative Officer, [phone] or [phone], or
William W. Warner, Executive Vice President/Chief Development Officer,
[phone] or [phone], or Lesley A. Pittman, Vice President of
Corporate & Government Relations, [phone] or [phone], all of
Station Casinos, Inc.

http://www.stationcasinos.com

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Station Casinos, Inc. Declares Cash Dividend

LAS VEGAS, Oct 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- Station Casinos, Inc. (NYSE: STN) ("Station" or "the Company") today announced that its Board of Directors has declared its second quarterly cash dividend of $0.125 per share. The dividend is payable on December 4, 2003 to shareholders of record on November 13, 2003.

Company Information and Forward Looking Statements

Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station`s properties are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Casino and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent interest in both Barley`s Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada and a 6.7 percent interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino in Sacramento, California on behalf of the United Auburn Indian Community.

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Station Casinos Ends Tender for 8 7/8% Senior Notes

LAS VEGAS (Dow Jones)--Station Casinos Inc. (STN) terminated its tender offer and consent solicitation, first announced on Sept. 11, for $199.9 million in 8 7/8% senior subordinated notes due 2008.

In a press release Thursday, the gaming and entertainment company said any notes previously tendered will be returned to their holders.

The tender offer had been set to expire on October 8. Holders were to receive $1,045 per $1,000 in notes, if tendered before the consent date.

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Aristocrat Technologies, Inc. Announces Nevada Gaming Control Board Approval of its Jeff Foxworthy Video Slot Game; Signs Agreement With Station Casinos for 45-Day Exclusive

Company Also Receives Gaming Laboratories International (GLI) Approval to Place Foxworthy Games in Over 25 North American Jurisdictions

LAS VEGAS, Oct 6, 2003 /PRNewswire via COMTEX/ -- Aristocrat Technologies, Inc. announced today that the Nevada Gaming Commission granted approval for the Company to place its Jeff Foxworthy(TM) You Might Be A Redneck If...(R) video slot games in Nevada casinos.

The Company also announced an agreement with Station Casinos, Inc. (NYSE: STN) granting the casino operator the right to introduce Aristocrat`s Jeff Foxworthy games into its 11 Las Vegas valley casino properties exclusively for 45 days prior to the game`s release to other Las Vegas off-Strip casino properties.

"Once again Station Casinos is offering its guests the exclusive opportunity to play the new Jeff Foxworthy games in advance of their widespread release, providing our customers with yet another reason to visit their favorite Station or Fiesta Casino," said Dan Roy, Vice President of Slot Operations for Station Casinos. "Many have enjoyed Jeff Foxworthy`s sense of humor and Aristocrat has successfully transformed that into a very exciting video game with fun and entertaining bonus rounds."

"We`re very excited to launch our new Foxworthy video slot game in Nevada, where we believe the game will enjoy widespread appeal," said Gavin Isaacs, President of Aristocrat Technologies, Inc. "The game captures Foxworthy`s lighthearted humor while offering players plenty of excitement through a unique sixth-reel bonus wager and the anticipation of five different bonus games -- all made possible by Aristocrat`s powerful MKVI(TM) slot platform."

Isaacs continued, "We`re equally thrilled about our partnership with Station Casinos and the opportunity to offer Station`s loyal and large Las Vegas player base the first opportunity to play our Jeff Foxworthy games."

Aristocrat Technologies also announced that its Jeff Foxworthy game was approved by Gaming Laboratories International, Inc. (GLI), the gaming regulatory lab which tests and certifies numerous types of gaming equipment and systems for over 25 North American jurisdictions, including most Native American casinos, riverboat casinos, and gaming properties in several Canadian provinces.

Aristocrat`s Jeff Foxworthy You Might Be A Redneck If... game is a hysterical, five-reel, 20-line game that features Foxworthy`s voice and likeness combined with an array of fun symbols including an outhouse, moonshine jug, beer can, and a vintage pickup truck. Through an ante bet random trigger Jeff Foxworthy`s face can appear to offer players one of five different bonus games.

Aristocrat Technologies offers a diversified product line that reaches into virtually all facets of the casino floor. In addition to video and stepper slots, the company provides casino management systems, multi-site progressive (MSP) systems, and progressive jackpot meters. Aristocrat is a subsidiary of global gaming company Aristocrat Leisure Limited, which is listed on the Australian Stock Exchange (ASX: ALL). For more information, please visit the Company`s website at http://www.aristocratgaming.com .

Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. Station`s properties are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling, and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo, and race and sports wagering. Station owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wild Wild West Gambling Hall & Hotel, and the Wildfire Casino in Las Vegas, Nevada; Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada; and Sunset Station Hotel & Casino and Fiesta Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent interest in both Barley`s Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada. In addition, Station manages Thunder Valley Casino in Sacramento, California on behalf of the United Auburn Indian Community.

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MAJOR OPERATORS: Profit lift slight for big players

Revenue surge offsets slow earnings growth for Big Six, data suggest

By ROD SMITH
GAMING WIRE



The Stardust is seen earlier this year. Third-quarter revenue for Boyd Gaming Corp., the Stardust`s parent, and other major Las Vegas operators rose from a year earlier, estimates say.



Despite the bravado about soaring room rates and surging demand for leisure travel, earnings at the major Las Vegas operators barely held their own in the just-ended third quarter, Wall Street estimates suggest.

Overall, combined net income for the Big Six operators increased to an estimated $267 million, up only $6 million from the year before, and cash flow increased to about $1.2 billion, also up just $6 million over 12 months. Cash flow is generally defined as earnings before interest taxes, depreciation and amortization.

Growth in profitability was slowed as operators relaxed 2-year-old cost controls they had installed in the wake of the Sept. 11, 2001, terrorist attacks, analysts said.

"A year ago, operators were running lean and implementing technology enhancements to reduce overall costs," said Brian Gordon, spokesman for Applied Analysis, a Las Vegas-based financial consulting company.

"While much of the costs savings are still in effect, there has been a tendency to increase human resources costs to achieve the overall increase in income," he said.

Combined revenue for the Big Six, however, climbed to $4.6 billion, suggesting a recovery is under way while operators are loosening cost controls.

"We`re somewhat optimistic about anticipated visitor volumes and gaming operators performance over the next six to 12 months," Gordon said.

Total projected revenue for the big six in the third 2003 quarter was up $143 million, or 3 percent, from the third quarter a year ago.

"Basically, it was a very strong quarter, especially with the results from Caesars (Palace) and Mandalay (Bay)," Deutsche Bank analyst Andrew Zarnett said. "And we`re continuing to see (revenue per available room) growth and modest increases in gaming play with the trend continuing into October."

The increased revenue, however, was attributable in large part to expansions rather than same-store growth, Gordon said.

"For example, management fees for Station (Casinos) from (the newly opened) Thunder Valley (Casino near Sacramento, Calif.,) weren`t there last year and Park Place (Entertainment Corp.) had incremental revenues being thrown off for their Caesars Palace property with the Celine Dion show (which opened in March)," he said.

As operators move into the fourth quarter, analysts are optimistic.

"We may be surprised when some of the results are announced," Gordon said. "I think they`re achieving strong room rates, which produce stronger incremental revenue and provide high profit margins."

In the last week of November, however, the most recent for which data are available from Fulcrum Global Partners, the average rate for midweek rooms booked three weeks or more in advance fell to $111, down 3 percent from the year before.

And the average weekend rate dropped to $176, down 22 percent, making it the first week in four months the Strip did not outperform last year, Fulcrum gaming analyst Joe Greff said.

The weak results were surprising, he said, given the strong convention calendar and very optimistic comments from operators about a Las Vegas recovery, particularly on the rooms side of the business.

Despite the apparent market softness, Greff said, the Las Vegas market is demonstrating good momentum for the next six months, particularly in leisure travel volume and convention business.

"Most operators have indicated that the Strip is doing well from a room perspective, with both occupancy and room rates well ahead of last year`s levels," he said. "In some cases, it appears that gaming business is also regaining some speed."

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Station Casinos to enter Summerlin

Owners to build their top resort
By JEFF SIMPSON
GAMING WIRE

Station Casinos announced plans Monday to build a Summerlin casino that would be its biggest and most expensive property.

Station and The Howard Hughes Corp., local affiliate of Maryland-based The Rouse Co., reached a deal earlier this month, giving the valley`s largest casino operator the option to build a hotel-casino near the interchange of Charleston Boulevard and the Las Vegas Beltway.

If Station exercises its option by October, the end of its due-diligence period, the company would pay Hughes Corp. $6.4 million toward a final purchase price of $65 million for the 73-acre, gaming-zoned site.

Station Casinos Chief Financial Officer Glenn Christenson said the scope and character of Hughes Corp.`s Summerlin Centre development influenced the company`s decision to develop the Charleston site rather than other sites the company controls along the beltway in the west valley.

"This is the premier casino site in the Las Vegas Valley," Christenson said, noting that Summerlin Centre plans call for 2 million square feet of office space, 1.5 million square feet of retail space, and numerous residential districts. "This piece of property is such a quality parcel that we have to develop it at least as nice as we did with Green Valley Ranch."

Christenson said the new casino, which has yet to be named, would cost more than the $300 million Green Valley Ranch, which Station co-owns with the Greenspun family, publishers of Showbiz magazine and the Las Vegas Sun. It would be built by 2005.

The rapidly growing Summerlin area is now served primarily by two casinos, Coast Casinos` Suncoast and the Rampart Casino.

Station executives said last month that they didn`t plan to let competitor Coast Casinos dominate the rapidly growing west and southwest sides of the city.

Coast`s Suncoast has captured much of the business in northwest and far western Las Vegas since it opened in 2000, much of it at the expense of Station`s nearby Texas Station, Palace Station, Fiesta Rancho and Santa Fe Station.

"It`s always tough to be last in a market," President Lorenzo Fertitta said after the company`s annual meeting, "but we build quality projects, and Las Vegans are familiar with our brand."

Coast Casinos Chairman Michael Gaughan recently said of Station, "I cut `em off at the pass when I built the Suncoast." He noted that the property that opened in 2000 was ideally suited to tap the growing population and wealth of Summerlin.

Gaughan predicted at the time that Station would first develop its Flamingo Road or Durango Drive site.

"They probably don`t want to be that close to the Suncoast," Gaughan said.

Gaughan was out of town and unavailable for comment Monday.

Station executives on Monday didn`t hide that the planned site was ideally suited to get some of the Suncoast`s business.

"Its location allows allows us to offer our product to two markets that are currently under-served by Station," Station Chairman Frank Fertitta III said in a Monday statement. "These markets have proven to be extremely lucrative for others and we look forward to expanding our distribution to the western portion of the Las Vegas Valley."

Station`s new site already enjoys a gaming zoning designation and is grandfathered against the impact of Senate Bill 208, the state law restricting the encroachment of casinos into residential neighborhoods.

Station anticipates closing on the Summerlin parcel by June 2003, with construction set to begin in late 2003 or early 2004.

Construction would take about 15 months.

Howard Hughes Corp. President Daniel Van Epp said in a statement that Summerlin Centre is poised to become one of the valley`s top urban hubs.

"The added vitality of a high-quality Station Casinos property will undoubtedly enhance the dynamic and energetic environment we are striving to create within Summerlin Centre," Van Epp said.

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Hotelketten in Goldgräberstimmung

Von Anke Petersen, Handelsblatt

Die Osterweiterung der Europäischen Union lockt internationale Hotelketten in Länder, die sie früher lieber links liegen gelassen haben – vor allem Polen und Russland. Kurt Ritter, Chef des Bettenanbieters Rezidor SAS Hospitality bestätigt dies: „Allein in Russland gibt es rund 15 Städte mit mehr als einer Million Einwohner und über 50 Städte mit mehr als 400 000 Einwohnern, da wollen wir rein.“



FRANKFURT/M. Bislang war der Konzern vor allem in Polen aktiv. Nach Häusern in Warschau, Breslau und Stettin eröffnete Ritter Mitte September das vierte Hotel seiner Gruppe in Polen, das Radisson SAS Hotel Krakau mit 196 Zimmern, das sich die Gruppe 30 Mill. Euro kosten ließ. Zwei weitere Häuser in Lublin und Katowice sind im Bau und werden voraussichtlich im Jahr 2005 eröffnet. Ein 150-Zimmer-Hotel in der Altstadt von Danzig soll folgen. Daneben will der Hotelkonzern noch einige Häuser der Marke Park Inn in kleineren Städten des künftigen EU-Landes eröffnen. Ritter: „Wir wollen die Hausmarke Polens werden.“

Für das Russland-Engagement hat Rezidor mit dänischen, schwedischen und russisch-amerikanischen Staatsfonds für Entwicklungsprojekte im Sommer den „Delta Capital“-Fond gegründet, an dem jeder Partner 25 % hält. Delta Capital will Hotels in all jenen russischen Städten eröffnen, die bislang noch keinen internationalen Anschluss haben. Geplant sind einfache Mittelklassehäuser mit 200 Zimmern.

Auch der amerikanische Hotelkonzern Marriott International will seine Marke schnell in Osteuropa bekannt machen. Dabei zielt Executive Vice President John W. Marriott III. für die Flaggschiffe seiner Gesellschaft vor allem auf die Metropolen. Moskau nehme dabei eindeutig eine Schlüsselrolle ein, sagte Marriott dem Handelsblatt. Seine Wunschstandorte im Osten sind darüber hinaus St. Petersburg und Kiew. In Polen ist Marriott als erste internationale Hotelgesellschaft bereits seit 1989 vertreten. Diese Woche eröffnete John Marriott am Warschauer Flughafen das vierte Haus seiner Gruppe im Lande.

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Nevada August casino revenue falls 3 percent

Nevada gambling revenue fell 3 percent in August and dropped more than 10 percent on the Las Vegas Strip, state data showed on Thursday.

The Nevada gaming "win" -- the amount of money casinos keep after all bets are paid -- totaled $813.6 million in August, down from $839.5 million a year earlier, the Nevada Gaming Control Board reported.

The Las Vegas Strip win fell 10.4 percent to $401.6 million from $448.3 million, and Washoe County, which includes Reno and other cities on the California border, posted a 1.7 percent drop in win to $99.7 million from $101.4 million.

The state`s major casino operators include Park Place Entertainment Corp.PPE.N , MGM Mirage MGG.N , Mandalay Resort Group MBG.N , Harrah`s Entertainment Inc.HET.N and Station Casinos Inc.STN.N

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Station Casinos 3rd-Quarter Net More Than Tripled

LAS VEGAS (Dow Jones)--Station Casinos Inc.(NYSE:STN) (STN) reported third-quarter income rose more than threefold as same-store revenue from Las Vegas operations rose 5% over last year and management fees jumped by about $18 million.

In a press release Thursday, Station reported earnings of $19.8 million, or 32 cents a share, up from $5.7 million, or 9 cents a share, last year.

Revenue climbed 14% To $218.7 million from $191.7 million last year.

Station also announced a $110 million expansion of its Green Valley Ranch Station joint venture. The company expects to complete the expansion of the meeting space and spa facilities by the fourth quarter of 2004.

In the first year of operations, the project should to generate about $4 million to $5 million in joint venture and management fees, adding some 4 cents to 5 cents a share to earnings, the company said. In the third quarter, Station Casinos reported earnings from its Green Valley Ranch Station joint venture of $ 5.6 million.

Station reported operating earnings of 35 cents a share, excluding $3.3 million in charges, primarily for developing new casino opportunities with Native American governments.

Station Casinos sees fourth-quarter business, "seasonally slower" than in the third quarter, and expects earnings of 38 cents to 41 cents a share, which is shy of the Thomson First Call estimate of 43 cents a share for the period. The company still sees management fees from its Thunder Valley Casino of about $65 million to $75 million in 2003.

For 2004, the company expects earnings of $1.68 to $1.78 a share, which ranges higher than the Wall Street estimate of $1.68 a share.

Station earned 69 cents a share on revenue of $866.2 million, in 2002.

[Mannerl]

Stations Casinos Inc.
3rd Quar Sept. 30:
2003 2002
Revenue $218,670,000 $191,710,000
Net income a 19,802,000 b 5,671,000
Avg shrs (diluted) 62,840,000 60,321,000
Shr earns
Net income a .32 b .09

a. Excluding development expenses of $1.9 million, taxes on stock exercises of $443,000, costs on regulation investigation of $338,000 and a gain of $527,000 on Thunder Valley development fees, the company earned $21.9 million, or 35 cents a share.

b. Excluding $707,000 in litigation costs, and a loss of $899,000 on early retirement of debt, the company earned $7.3 million, or 12 cents a share.

Company Web site: http://www.stationcasinos.com

[Mannerl]

Station Casinos Enters Partnership to Develop and Manage Entertainment Facility for the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians

LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, a federally recognized Indian tribe commonly referred to as the Gun Lake Tribe (the "Tribe"), MPM Enterprises, L.L.C., a Michigan limited liability company ("MPM") and Station Casinos, Inc.(NYSE:STN) (NYSE: STN)("Station" or the "Company") announced today that Station has purchased a 50% interest in MPM. Concurrently with Station`s purchase of that interest, the Tribe and MPM have entered into amended Development and Management Agreements, pursuant to which MPM will assist the Tribe in developing and operating a gaming and entertainment project to be located in Allegan County, Michigan ("The Gun Lake Project").

Station will pay $6.0 million for its 50% interest in MPM payable upon achieving certain milestones. An additional $12.0 million in total may be paid by Station in years six and seven of the Management Agreement, subject to certain contingencies.

Under the terms of the amended Development Agreement, Station has agreed to arrange for or provide the financing for the ongoing development costs and construction of the Project. Prior to obtaining financing for the Project, Station expects to advance $10 million to $15 million to the Tribe for the acquisition of land and other development costs. Although no firm construction budget has been established, Station expects that the total cost of the development and construction of the Project would be less than $200 million. Funds advanced by Station are expected to be repaid with the proceeds of the project financing or from the Tribe`s gaming revenues. The amended Management Agreement has a term of seven years and provides for a management fee of 30% of the Project`s net income to be paid to MPM. Pursuant to the terms of the MPM Operating Agreement, Station`s portion of the management fee is 50% of the first $24 million of management fees earned, 83% of the next $24 million of management fees and 93% of any management fees in excess of $48 million.

The proposed project will be located on approximately 145 acres on Highway 131 near 129th Avenue, approximately 25 miles north of Kalamazoo, Michigan. As currently contemplated, the Project would include up to 2,500 slot machines, 75 table games, a buffet, specialty restaurants and an entertainment venue. Construction of the Project includes the conversion of an existing 192,000 square foot building into the entertainment facility. D.K. Sprague, Tribal Chairman, commented, "The Tribal Council is very excited about moving our casino project forward on behalf of our Tribal Membership, supporters and the estimated 4,300 jobs that will be created. The management expertise Station adds to MPM will not only maximize revenue for the Tribe, state and local governments, but will be an excellent fit because Station is a responsible operator with strong ties to local communities and charities."

"We are extremely excited to be a part of this project," stated Frank J. Fertitta III, chairman and chief executive officer of Station. "The Tribe has outstanding local support and MPM and the Tribe have moved this project a substantial way through the process of having land placed into trust on the Tribe`s behalf. We look forward to being part of a project that will help the Gun Lake Tribe attain self-sufficiency and economic independence."

Barton LaBelle, spokesman for MPM Enterprises, said, "Jim Fabiano, Sid Smith and I are excited about the talent and resources that Station Casinos bring to this project. We searched exhaustively for an operating partner that had values that matched those of the Gun Lake Tribe and ourselves. We have found that partner."

[Mannerl]

[Mannerl]

Station Casinos Reiterates Existing Financial Guidance, Announces Development and Financing Plans for Red Rock Station and Establishes Three Year Business and Financial Goals


LAS VEGAS, Jan 15, 2004 /PRNewswire-FirstCall via Comtex/ -- Station Casinos,
Inc. (NYSE: STN); ("Station" or "the Company") today announced the following:





-- Reiterated guidance for EBITDA (1) for the fourth quarter of 2003 of

approximately $81 million to $84 million and Adjusted Earnings per

share (2) of approximately $0.38 to $0.41, excluding development costs

and nonrecurring items.

-- Reiterated full year guidance for EBITDA in 2003 and 2004, excluding

development costs and nonrecurring items, of approximately $292

million to $295 million and approximately $340 million to $350

million, respectively. Further, the Company reiterated its full year

guidance for 2003 and 2004 for Adjusted Earnings per share, excluding

development costs and nonrecurring items, of approximately $1.21 to

$1.24, and approximately $1.68 to $1.78, respectively.

-- Plans to begin development of Red Rock Station in mid-2004 at an

anticipated cost of approximately $450 million to $475 million, of

which about $375 million to $400 million remains to be spent. The

project is expected to be complete in late 2005 or early 2006. Red

Rock Station is projected to generate approximately $60 million to

$65 million of EBITDA and be $0.06 to $0.11 accretive to annual

earnings per share during its first full year of operation growing to

$80 million to $85 million of EBITDA in the third year, resulting in

annual earnings per share accretion of $0.25 to $0.31.

-- Based on these projected results for Red Rock Station, continued

strength in the existing Las Vegas operations and anticipated growth

in our management franchise, the Company has established the following

three year financial goals:

-- Grow EBITDA at a compounded annual growth rate of 16% to 18%,

-- Grow Adjusted Earnings per share at a compounded annual growth

rate of 25% to 28%, and

-- Generate approximately $3.60 to $3.75 in Free Cash Flow (3) per

share for the year ended December 31, 2006.

-- Financing plans for a new $325 million senior subordinated

notes offering, the proceeds of which will be used to:

-- Make an offer to purchase and/or redeem the Company`s existing

$199.9 million 8 7/8% senior subordinated notes,

-- Reduce the outstanding balance on the Company`s revolving

credit facility and

-- for general corporate purposes.

The offering will position the Company to capitalize on

incremental growth opportunities in both our Las Vegas and

management services franchises.

[Mannerl]

Station Casinos, Inc. Declares Quarterly Cash Dividend



LAS VEGAS, Jan. 16 /PRNewswire-FirstCall/ -- Station Casinos, Inc.(NYSE:STN) (NYSE: STN) ("Station" or "the Company") today announced that its Board of Directors has declared its quarterly cash dividend of $0.125 per share. The dividend is payable on March 4, 2004 to shareholders of record on February 12, 2004

[Mannerl]

Station Casinos Posts 4th-Quarter Loss



LAS VEGAS (Dow Jones)--Station Casinos Inc.(NYSE:STN) (STN) reported a fourth-quarter loss that included charges for goodwill impairment and a lawsuit settlement but still posted a 14% rise in net revenue because of a significant management fee contribution from the Thunder Valley property, which opened earlier this year.

Excluding items, the casino operator still topped its own previous guidance of 38 cents to 41 cents a share for the latest quarter, benefiting from a good local economy and a continued increase in the area`s population.

Station Casinos reported a loss of $8.6 million, or 14 cents a share, for the three months ended Dec. 31 but reported earnings of $27.1 million, or 42 cents a share, on an adjusted basis. That also beat analysts` expectations of 40 cents a share, according to Thomson First Call.

Last year, the company earned $10.8 million, or 18 cents a share, excluding items.

Net revenue climbed to $229.9 million in the latest quarter from $201.6 million last year, mainly due to a management fee contribution of $17.2 million.

Looking ahead, Station Casinos expects to earn 44 cents to 48 cents for the first quarter on a 4% to 5% rise in revenue.

Analysts expect the casino operator to earn 43 cents a share on revenue of $ 230 million, indicating a year-over-year growth of 15%. Last year, the company earned 23 cents a share, excluding items, on revenue of $199.6 million.

For 2004, Station Casinos expects to earn $1.68 to $1.78.

Wall Street expects the company to earn $1.71 for the year.

4th Quar Dec. 31:
2003 2002
Revenue $229,853,000 $201,607,000
Net income a (8,648,000) b 4,540,000
Avg shrs (diluted) 60,176,000 61,338,000
Shr earns
Net income a (.14) b .07

Figures in parentheses are losses.

a. Includes impairment charge of $11.4 million for the Fiesta Rancho acquisition; $24.7 million charge to settle a lawsuit; $1.5 million in costs to develop new gaming opportunities; and costs to cancel certain insurance policies and write off debt issuance costs at Green Valley Ranch Station. Excluding items, the company earned 40 cents a share.

b. Includes impairment charge of $3.1 million and a $2.8 million charge for early debt retirement. Excluding items, the company earned 18 cents a share.

The company`s New York Stock Exchange-listed shares closed at $32.41 on Wednesday, down 84 cents, or 2.5%.

-Freddy Sebastian; Dow Jones Newswires; 201-938-5400


Dow Jones Newswires
01-29-040730ET
Copyright (C) 2004 Dow Jones & Company, Inc. All Rights Reserved.

[Mannerl]

Station Casinos Announces Sale of $400 Million 6 1/2% Senior Subordinated Notes


LAS VEGAS, Jan 30, 2004 (BUSINESS WIRE) -- Station Casinos Inc. (NYSE: STN)
("Station" or "the company") today announced the sale of $400 million of 6 1/2%
senior subordinated notes due February 2014. Proceeds from the sale of the notes
will be used to redeem all of the $199.9 million 8 7/8% senior subordinated
notes due in 2008, to reduce amounts outstanding on the company`s revolving
credit facility and for general corporate purposes.

The notes have not been registered under the Securities Act of 1933, as amended
(the "Act") and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Act.

Company Information

Station Casinos Inc. is the leading provider of gaming and entertainment to the
residents of Las Vegas. Station`s properties are regional entertainment
destinations and include various amenities, including numerous restaurants,
entertainment venues, movie theaters, bowling and convention/banquet space, as
well as traditional casino gaming offerings such as video poker, slot machines,
table games, bingo and race and sports wagering. Station owns and operates
Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station
Hotel & Casino, Wildfire Casino and Wild Wild West Gambling Hall & Hotel in Las
Vegas, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in
North Las Vegas, Nev., and Sunset Station Hotel & Casino and Fiesta Henderson
Casino Hotel in Henderson, Nev. Station also owns a 50% interest in both
Barley`s Casino & Brewing Co. and Green Valley Ranch Station Casino in
Henderson, and a 6.7% interest in the Palms Casino Resort in Las Vegas. In
addition, Station manages the Thunder Valley Casino in Sacramento, Calif. on
behalf of the United Auburn Indian Community.

SOURCE: Station Casinos Inc.

[Mannerl]

Station Casinos Has Strong Quarter, Announces Plans for California Property


Jan 30, 2004 (Las Vegas Review-Journal - Knight Ridder/Tribune Business News
via COMTEX) -- The king of the Las Vegas locals market announced a new
California tribal casino management deal Thursday, and announced robust
fourth-quarter results boosted by an improving Las Vegas economy.

Station Casinos executives make a habit of announcing key developments along
with the company`s quarterly reports, and Thursday was no exception.

Shares of the company closed at $35.25 Thursday on the New York Stock Exchange,
up $2.84, or 8.76 percent.

Station bosses announced a deal to build an $80 million tribal casino for the
Mechoopda Indian Tribe, about 10 miles southeast of Chico, Calif.

Station expects the 500-slot, 10 table-game property to open in 2005; the
company would receive 24 percent of the casino`s win over the management deal`s
seven-year term.

[Mannerl]

Station Casinos "overweight," target price raised

Monday, February 02, 2004 4:38:30 AM ET
Prudential Financial

NEW YORK, February 2 (New Ratings) - In a research note published on January 30, analyst William J Lerner of Prudential Financial reiterates his "overweight" rating on Station Casinos (STN), while raising his estimates for the company. The target price has been raised from $42 to $44.

[Mannerl]

anscheinend sehen da manche immer noch Luft nach oben!

...

01/30/04 Station Casinos upgraded to "equal weight" Morgan Stanley
01/29/04 Station Casinos upgraded to "buy" Wells Fargo Securities
01/26/04 Station Casinos "overweight," target price raised Prudential Financial

[Mannerl]

Deutsche Banc Alex. Brown Inc.


Feb 25, 2004 (JAGfn.com via COMTEX) -- STN: reit` buy - Off 6% in 1 week. No
fundamental change; reiterate Buy, tgt $43. Las Vegas local trends running at 7%
growth, ahead of guidance, creating EPS upside potential. Expect another Native
American deal, likely assuming an existing contract in Cal. Think contract
negotiations w/ Cal Gov leading to 1000 new machines at Thunder Valley.
Yesterday`s bond refi $0.10 accretive.

[Mannerl]

Station Casinos Announces Sale of $350 Million 6 7/8% Senior Subordinated Notes and Completes Redemption of 8 7/8% Senior Subordinated Notes


LAS VEGAS, Feb 27, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN -
News; "Station" or "the Company") today announced the sale of $350 million of 6
7/8% senior subordinated notes due March 1, 2016. Proceeds from this offering
will be used to purchase a portion of the $375 million in aggregate principal
amount of outstanding 9 7/8% senior subordinated notes due in December 2010.

The notes have not been, and will not be, registered under the Securities Act of
1933, as amended (the "Act"), and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the Act.

In addition, the Company completed the redemption of the remaining $52.3 million
of its 8/7/8% senior subordinated notes

[Mannerl]

Station Casinos to Issue $50 Million of Senior Subordinated Notes at 6 1/2%


LAS VEGAS, Mar 1, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN -
News; "Station" or "the Company") today announced it has agreed to issue $50
million in aggregate principal amount of 6 1/2% senior subordinated notes due
February 1, 2014. This offering is an add-on to the $400 million of senior
subordinated notes issued by the Company in January 2004. Subject to customary
conditions, the transaction is expected to close on March 5, 2004. Proceeds from
this offering will be used to reduce amounts outstanding on the Company`s
revolving credit facility.

The notes have not been, and will not be, registered under the Securities Act of
1933, as amended (the "Act"), and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the Act.

[Mannerl]

Station Casinos, Inc. Announces Partnership with the North Fork Rancheria of Mono Indians


LAS VEGAS, Mar 5, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN;
"Station" or "the Company") today announced that it has entered into Development
and Management Agreements with the North Fork Rancheria of Mono Indians (the
"Tribe"), a federally recognized Indian tribe located in central California.
Station will assist the Tribe in developing and operating a gaming and
entertainment project to be located in Madera County, California (the
"Project"). Station has secured for the benefit of the Tribe two parcels of land
located on Highway 99 north of the city of Madera.

"We are excited about our partnership with Station Casinos and look forward to
beginning the land in trust and compacting process that will set the Tribe on
the path towards economic self-sufficiency," said Elaine Bethel Fink,
chairwoman, North Fork Rancheria of Mono Indians.

Under the terms of the Development Agreement, Station Casinos has agreed to
arrange the financing for the ongoing development costs and construction of the
Project. Although no firm construction budget has been established, the Company
expects the total cost of the development and construction of the Project will
be less than $225 million. Funds advanced by Station Casinos are expected to be
repaid from the proceeds of the project financing or from the Tribe`s gaming
revenues. The Management Agreement has a term of seven years and provides for a
management fee of 24% of the Project`s net income. As currently contemplated,
the Project will include approximately 2,000 slot machines, 70 table games and
dining, hotel, and entertainment amenities.

"We are pleased that the North Fork Tribe has given us the opportunity to assist
them with their economic development project," said Frank Fertitta III, chairman
of the board and chief executive officer of Station Casinos, Inc. "Without a
doubt, this partnership demonstrates the growing strength of our tribal gaming
management franchise," said Fertitta.

Development of the gaming and entertainment project is subject to certain
governmental and regulatory approvals, including, but not limited to,
negotiating a gaming compact with the State of California, the United States
Department of the Interior accepting land into trust on behalf of the Tribe, and
approval of the Management Agreement by the National Indian Gaming Commission.

[Mannerl]

schade ..keinem interessierts

[Mannerl]

aktuell neues Hoch!
wem interessiert!

...



Station Casinos Lands Contract to Manage Tribal Complex in Northern California


Mar 05, 2004 (Las Vegas Review-Journal - Knight Ridder/Tribune Business News
via COMTEX) -- Moving aggressively into the management of tribal casinos,
Station Casinos on Thursday signed a second contract to develop and manage a
tribal casino in Northern California, Executive Vice President Scott Nielson
said.

Preliminary plans call for building a $225 million gaming and entertainment
complex that will include a casino with 2,000 slot machines and 75 table games.
It will also have a hotel with 200 to 300 rooms, as well as a relatively small
component of entertainment and amenities such as restaurants, he said.

Station signed its new development and management contract with the North Fork
Rancheria, a federally recognized tribe near Madera, Calif., about 20 miles
north of Fresno. Nielson expects the casino to draw people from the South Bay
and San Jose area.

"It will have a good shot at attracting a substantial customer base," he said.

Nielson said it is unclear when construction will start because regulatory
approvals and an environmental assessment of the property are needed.

He said Station`s experience indicates "the Schwarzenegger administration is not
opposed to expanded gaming in California if the tribes are willing to pay their
fair share."

However, he said what "fair share" means has yet to be determined.

"Madera city and Madera County are very excited about the investment and jobs.
It`s a relatively poor county, and they`re looking for more job creation,"
Nielson said.

Deutsche Bank analyst Marc Falcone said the additional management contract will
give the company an important boost in earnings and help smooth cash flow by
layering management contracts.

Station is already on track to earn as much as $75 million from the first-year
operation of Thunder Valley, the Sacramento, Calif.-area casino the company
manages for the United Auburn Indians.

Station also reached an agreement in November to develop and manage a casino for
the Match-e-be-nash-she-wish band of Pottawatomi Indians, a federally recognized
tribe commonly known as the Gun Lake Tribe, in western Michigan.

The new, seven-year contract "demonstrates the continuing strength of our gaming
management franchise and we continue to plug away at them," Nielson said.

He said the contract calls for a 24 percent management fee, like Station`s other
California contract, but the new casino is expected to generate somewhat less
cash flow, a key measure of profitability, than Thunder Valley.

"Thunder Valley is fairly unique because of its location. This location is not
as good -- it won`t generate as much revenue -- probably something under Thunder
Valley," Nielson said.

He said Station and the tribe plan to put tribal lands in trust and will have to
negotiate a trust with the state, which the tribe does not have.

"We`ll be working on a compact with the state with and for them, and also move
with federal regulators on trust approval," Nielson said.

Some analysts have expressed concern that Station, as well as other Las Vegas
operators, are inking management contracts that expire, as opposed to developing
assets that they will own in perpetuity.

However, Falcone noted Station is layering its contracts so they expire at
different times, thereby minimizing risk while generating substantial cash flow.

"Both their business lines are very strong and (the tribal operations) are very
synergistic, given they are basically locals casinos," he said.

Nielson said Station understands the contracts will expire, "but we are creating
a steady pipeline that will layer well and we can make considerable money over
the term of the contracts, plus they can be extended."

With Thunder Valley opening in June, a Green Valley Ranch expansion and the Gun
Lake project expected to open in 2005, Red Rock Station in Summerlin slated to
debut in 2006 and the Graton Rancheria project in California penciled in for
2006 or 2007, company executives said their planned growth is better defined
than that of most competitors.

[Mannerl]

neues Hoch

[Mannerl]

Station Casinos, Inc. Increases Quarterly Cash Dividend by 40%


LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) -- Station Casinos, Inc.
(NYSE:STN)("Station" or "the Company") today announced that its Board of
Directors has declared a 40% increase in its quarterly cash dividend to $0.175
per share. The dividend is payable on June 4, 2004 to shareholders of record on
May 14, 2004.

[Mannerl]

Station Casinos Plans to Buy Two Henderson, Nev., Properties


Mar 30, 2004 (Las Vegas Review-Journal - Knight Ridder/Tribune Business News
via COMTEX) -- Station Casinos on Monday announced plans to buy two small
casinos in Henderson for an undisclosed price, a move analysts said was designed
to further lock up the locals gaming market and guard against possible
competition.

The company also declared a 40 percent increase in its quarterly cash dividend
to 17.5 cents a share, up from its previous dividend of 12.5 cents a share,
payable June 4 to shareholders of record May 14.

Station Chief Financial Officer Glenn Christenson said his company is generating
strong and reliable cash flow, and decided it was appropriate to return more of
that cash to investors.

"What`s really important about the dividend hike is it reflects their confidence
in the growth of the locals market over the next few years (at least)," said Joe
Greff, gaming analyst at Fulcrum Global Partners, an independent Wall Street
investment research firm.

He said the dividend move also reflects management`s confidence in its ability
to wrap up deals and win regulatory approval for its previously announced plans
to manage added tribal casinos in California and Michigan.

Station reached an agreement in November to develop and manage a casino for the
Pottawatomi Indians in western Michigan.

[MrRipley]

[Mannerl]

ja Ripley...die laufen und laufen und laufen!

[Mannerl]

wer hat sich auch schon mal mit dieser Firma auseinandergesetzt?
Schade ..nichts los hier!

MFG
Mannerl, der Monologthreader!

[Mannerl]

Station Casinos Announces Record First Quarter Results


LAS VEGAS, Apr 20, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN -
News; "Station" or the "Company") today announced the results of its operations
for the first quarter ended March 31, 2004.



Highlights for the quarter include:



-- Adjusted for non-recurring items, diluted earnings of $0.51

per share compared to $0.23 in the prior year`s quarter, a

122% increase.



-- EBITDA (1) of $94.1 million, an increase of 42% over the prior

year`s quarter.



-- Same-store revenues from the Las Vegas operations increased

11% over the prior year`s quarter, while same-store EBITDA

margins for those operations increased to 37.9% from 35.8% in

the prior year`s quarter. Excluding Green Valley Ranch

Station, revenues from the Major Las Vegas Operations

increased 9%, while EBITDA margins increased to 36.7% from

34.7% in the prior year`s quarter.



-- Same-store EBITDA from the Las Vegas operations increased 17%

over the prior year`s quarter. Excluding Green Valley Ranch

Station, EBITDA from the Major Las Vegas Operations increased

16% over the prior year`s quarter.



-- Refinancing of substantially all outstanding debt and thereby

reducing its weighted average pre-tax cost of debt to 6.0%. In

addition, the Company expanded the amount available under its

credit facility to $500 million from $365 million.



-- Declaring a 40% increase in its quarterly cash dividend, with

the next quarterly dividend of $0.175 per share payable on

June 4, 2004.



-- Announcing development and management agreements with the

North Fork Rancheria of Mono Indians, pursuant to which the

Company will assist that Tribe in developing and operating a

gaming and entertainment complex to be located in Madera

County, California.



-- Construction began on Red Rock Station in Las Vegas, Nevada.



Results of Operations

The Company`s net revenues for the first quarter ended March 31, 2004 were
approximately $239.0 million, an increase of 20% compared to the prior year`s
quarter. The Company reported EBITDA for the quarter of $94.1 million, an
increase of 42% compared to the prior year`s quarter. During the quarter,
Adjusted Earnings (2) applicable to common stock were $33.5 million, or $0.51
per share, an increase of 122% over the prior year`s $0.23 per share on a
comparable basis.

For the quarter ended March 31, 2004, the Company reported earnings from its
Green Valley Ranch Station joint venture of $7.7 million, which represents a
combination of Station`s management fee plus 50% of Green Valley Ranch Station`s
operating income. Green Valley Ranch Station generated EBITDA before management
fees of $17.7 million, an increase of 25% compared to the prior year`s quarter.

The non-recurring item for this quarter was a loss on the early retirement of
debt of $93.3 million. In addition, the Company incurred $2.0 million in costs
to develop new gaming opportunities, primarily in Native American gaming. The
Company also made $2.0 million of non-reimbursable milestone payments related to
the Gun Lake project in Michigan. Including these items, the Company reported
net loss of $29.8 million and loss applicable to common stock of $0.48 per
share.

Las Vegas Market Results

Same-store (Major Las Vegas Operations and Green Valley Ranch Station) net
revenues for the quarter increased to $250.5 million, an 11% increase compared
to the prior year`s quarter, while EBITDA from those operations increased 17% to
$95.0 million. "A combination of a strong local economy, our Jumbo suite of
products and continued population growth helped drive revenues and contributed
to margin expansion for the quarter," stated Glenn C. Christenson, executive
vice president and chief financial officer. Same-store EBITDA margins increased
to 37.9% compared to 35.8% during the first quarter of last year.

EBITDA and Adjusted Earnings are not generally accepted accounting principles
("GAAP") measurements and are presented solely as a supplemental disclosure
because the Company believes that they are widely used measures of operating
performance in the gaming industry and as a principal basis for valuation of
gaming companies. EBITDA and Adjusted Earnings are further defined in footnotes
1 and 2, respectively.

Red Rock Station

The Company recently started construction of Red Rock Station Resort and Casino
in the Summerlin master-planned community in Las Vegas, Nevada. The initial
phase of the resort is expected to include 60 table games and 2,700 slot
machines. The resort is also expected to include 400 hotel rooms, 45,000 square
feet of meeting space, 16 movie theaters, a 20,000 square foot spa, several
restaurants and a nightclub. The cost of the resort is expected to be
approximately $450 million to $475 million. Red Rock Station is expected to be
completed in late 2005 or early 2006. "As a result of the recent refinancings,
our incremental borrowing rate for the construction of Red Rock Station will be
approximately 3%. Based on our projections and on current interest rates, Red
Rock Station is expected to be accretive to our earnings per share by $0.20 to
$0.25 in its first full year of operations, growing to $0.39 to $0.44 in the
third year," stated Christenson.

Balance Sheet Items and Capital Expenditures

During the first quarter, the Company refinanced substantially all of its senior
and senior subordinated notes. The Company issued $1.25 billion in new senior
and senior subordinated notes that will mature at various dates between 2012 and
2016. "The refinancing accomplished a number of things - we lowered our pre-tax
cost of debt by approximately 200 basis points, we reduced our annual interest
costs by approximately $15 million, we significantly extended the maturities of
our debt portfolio and positioned ourselves so that our incremental borrowing
rate on our revolving credit facility is less than 3% today," stated
Christenson. In addition, the Company expanded the amount available under its
revolving credit facility to $500 million from $365 million. "The refinancings
and expanded credit facility give us increased flexibility to continue to grow
the Company in the future."

In connection with the refinancing, the Company completed tender offers for
$940.6 million of its senior and senior subordinated notes outstanding. As a
result, the Company recorded a loss on the early retirement of this debt of
$93.3 million during the quarter.

Long-term debt was $1.29 billion as of March 31, 2004, while cash held in
marketable securities was $25 million as of March 31, 2004. This excess cash was
generated as a result of the above-described refinancing. Capital expenditures
totaled $33.1 million for the quarter ended March 31, 2004 and consisted of
$12.7 million of maintenance capital expenditures, $13.5 million of expansion
and project capital expenditures and $6.9 million for the accelerated
replacement of slot machines to take advantage of ticket-in ticket-out
technology. As of March 31, 2004, the Company`s debt to cash flow ratio as
defined in its bank credit facility was 3.8 to 1, which reflects an
annualization of the management fees from Thunder Valley Casino.

Second Quarter 2004 and Year 2004 Guidance

The Company expects EBITDA of approximately $86 million to $90 million for the
second quarter of 2004 (excluding development expense and other non-recurring
items). This would result in earnings per share ("EPS") of $0.45 to $0.49 for
the second quarter of 2004.

For 2004, the Company expects EBITDA of approximately $350 million to $365
million (excluding development expense and non-recurring items) and Adjusted
Earnings applicable to common stock of approximately $1.81 to $1.96 assuming 67
million fully diluted shares. Development costs are expected to be approximately
$7 million to $8 million, which does not include non-reimbursable project costs
in the form of milestone payments that may be required under certain development
and management agreements. This guidance assumes revenue growth for the balance
of the year of 6% to 8% in Las Vegas with an approximate 50% flow through and an
effective tax rate of 36%.

Dividend

On March 29, 2004, the Company`s Board of Directors declared a 40% increase in
its quarterly cash dividend to $0.175 per share. The dividend is payable on June
4, 2004 to shareholders of record on May 14, 2004.

[Mannerl]

Station Casinos gets Harrah`s judgment
Station Casinos gets summary judgment in Harrah`s patent suit

The Associated Press



LAS VEGAS May 24, 2004 — The U.S. District Court for the District of Nevada granted summary judgment to Station Casinos Inc. on claims by Harrah`s Entertainment Inc. that Station infringed upon Harrah`s customer rewards and tracking program patents.
Station Casinos said the court ruled that the national customer recognition patents are invalid, and found that the company could pursue at trial certain grounds to invalidate the three patents.






As reported, Harrah`s brought a lawsuit against Station Casinos and five of its units on July 13, 2001, alleging that Station is liable for unspecified actual and punitive damages, and seeking injunctive relief, based on allegations that Stations` "Boarding Pass Rewards Program" infringes on various Harrah`s patents.

Station Casinos said the court`s latest order resolves all significant issues in the lawsuit brought by Harrah`s, except for one claim involving the activation of a telephone or lockable cabinet through the use of a customer reward card. The company said it doesn`t expect the lawsuit to hurt financial results.

Shares of New York Stock Exchange-traded Harrah`s Entertainment closed Friday down 2 cents, at $52.57 per share. Station Casinos` shares closed on the NYSE Friday at $44.35 per share, up 63 cents, on average volume of 472,000 shares

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Station Casinos Announces Record Second Quarter Results and Declares Dividend


LAS VEGAS, Jul 14, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN -
News; "Station" or the "Company") today announced the results of its operations
for the second quarter ended June 30, 2004.



Highlights for the quarter include:



-- Adjusted for non-recurring items, diluted earnings of $0.52

per share compared to $0.25 in the prior year`s quarter, a

108% increase.



-- EBITDA (1) of $93.4 million, an increase of 37% over the prior

year`s quarter.



-- Same-store revenues from Las Vegas operations increased 12%

over the prior year`s quarter, while same-store EBITDA margins

for those operations increased to 37.3% from 34.8% in the

prior year`s quarter. Excluding Green Valley Ranch Station,

revenues from the Major Las Vegas Operations increased 9%,

while EBITDA margins increased to 35.6% from 33.8% in the

prior year`s quarter.

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KASINO-FUSION

Die teuerste Hochzeit, die Las Vegas je erlebte

Geld machen, Geld verlieren, das ist in Las Vegas an der Tagesordnung - 9,4 Milliarden Dollar sind aber selbst dort ein mächtiger Batzen. Das ist die Summe, die der Kasinogigant Harrah`s ausgibt, um den Konkurrenten Caesars zu kaufen. Die Lasterbranche ist in Aufruhr.

Las Vegas - Der US-Unterhaltungskonzern Harrah`s ist mir 26 Kasinos in 13 Staaten und 41.000 Beschäftigten schon heute ein Schwergewicht der Glücksspielindustrie. Die Stellung in Las Vegas ist bisher aber bescheiden. Jetzt will das Unternehmen durch die Übernahme von Caesars Entertainment Inc. sogar zum weltgrößten Kasinobetreiber aufsteigen. Beide Konzerne hätten sich bereits auf die Fusion verständigt, teilte Harrah`s am Donnerstag mit.



Harrah`s werde Caesars für 1,8 Milliarden Dollar in bar und Aktien im Wert von etwa 3,4 Milliarden Dollar übernehmen. Wenn noch berücksichtigt wird, dass Harrah`s Schulden von Caesars übernimmt, hat der Zusammenschluss einen Umfang von etwa 9,4 Milliarden Dollar.

Viva Las Vegas!: Resistent wie eine Kakerlake

Nach dem 11. September wurden noch größere Kasino-Hotels und noch grandiosere Shows geboren. Die Traumwelt in der Wüste ist die perfekte Geldmaschine.....
WEITER
Zusammen würden beide Firmen über 54 Casinos verfügen und ihre Position vor allem in Las Vegas stärken. Caesar`s Palace ist dort eine der bekanntesten Marken. Harrah`s verfügt über viele River-Boat-Kasinos und Spielpaläste in Indianerreservaten. Caesars besitzt in Las Vegas neben Caesar`s Palace noch das Paris Las Vegas und das Flamingo.

Auch Kerkorian pokert

Die Caesars-Atien waren aufgrund der Übernahmespekulationen am Mittwoch um 14,9 Prozent auf 16 Dollar gestiegen, während Harrah`s einen Kursverlust von einem Dollar auf 50,98 Dollar verbuchte.

Es wäre die zweite Mammuttransaktion in Las Vegas innerhalb eines Monats. Der von dem US-Milliardär Kirk Kerkorian kontrollierte Spielkasino-Konzern MGM Mirage hatte vor kurzem 4,8 Milliarden Dollar in bar für die Mandalay Resort Group geboten. MGM Mirage will zusätzlich Mandalay-Schulden von 2,5 Milliarden Dollar sowie 600 Millionen Dollar an Wandelschuldverschreibungen übernehmen. Die Transaktion hat damit einen Gesamtwert von 7,9 Milliarden Dollar.

MGM Mirage würde es nach der Mandalay-Übernahme auf 6,4 Milliarden Dollar Umsatz und 28 Spielkasinos bringen und über 64.000 Beschäftigte verfügen. Die Gruppe würde durch den Mandalay-Kauf über die Hälfte aller Hotelzimmer auf dem legendären "Strip" verfügen, der Spielkasino-Hauptstraße von Las Vegas.

Bei Abschluss beider Transaktionen würden die zwei neuen Spielkasinounternehmen den Markt unter sich aufteilen. Noch müssen aber die Kartellbehörden ihre Zustimmung zu den Fusionsplänen erteilen.

[Mannerl]

Station Casinos Announces Record Third Quarter Results and Increases Dividend by 20%


LAS VEGAS, Oct 19, 2004 (BUSINESS WIRE) -- Station Casinos, Inc. (NYSE: STN -
News; "Station" or the "Company") today announced the results of its operations
for the third quarter ended September 30, 2004.



Highlights for the quarter include:



-- Adjusted for non-recurring items, diluted earnings per share

of $0.46 compared to $0.35 in the prior year`s third quarter,

an increase of 31%.



-- Record third quarter EBITDA (1) of $90.7 million, an increase

of 19% over the prior year`s third quarter.



-- Same-store (2) revenues from the Las Vegas operations

increased 14% over the prior year`s third quarter, marking the

third consecutive quarter of double-digit same-store revenue

growth.



-- Same-store EBITDA from the Las Vegas operations increased 27%

over the prior year`s third quarter.



-- Same-store EBITDA margins for the Las Vegas operations

increased to 36.3% from 32.5% in the prior year`s third

quarter.



-- Declaring a 20% increase in its quarterly cash dividend, with

the next quarterly dividend of $0.21 per share payable on

December 3, 2004.



-- The United Auburn Indian Community added approximately 800

slot machines at Thunder Valley Casino located outside of

Sacramento, California, which represents an increase of over

40% in the number of slot machines at the property.



Results of Operations

The Company`s net revenues for the third quarter ended September 30, 2004 were
approximately $242.9 million, an increase of 11% compared to the prior year`s
third quarter. The Company reported EBITDA for the quarter of $90.7 million, an
increase of 19% compared to the prior year`s quarter. For the third quarter,
Adjusted Earnings (3) applicable to common stock were $31.1 million, or $0.46
per share, an increase of 31% over the prior year`s $0.35 per share on a
comparable basis. This marks the eleventh consecutive quarter of year over year
growth of Adjusted EBITDA, EBITDA margin and EPS.

Non-recurring items for the quarter included $0.8 million for the net settlement
of certain litigation and the payment of a fine and investigative costs related
to violations of Nevada Gaming Commission Regulation 6A. In addition, the
Company incurred preopening costs related to Red Rock Station of $0.2 million
and $2.1 million in costs to develop new gaming opportunities, primarily related
to Native American gaming. Including these items, the Company reported net
income of $29.1 million and earnings applicable to common stock of $0.43 per
share.

For the quarter ended September 30, 2004, the Company reported earnings from its
Green Valley Ranch Station joint venture of $8.3 million, which represents a
combination of Station`s management fee plus 50% of Green Valley Ranch Station`s
operating income. Green Valley Ranch Station generated EBITDA before management
fees of $18.9 million, a 29% increase compared to the prior year`s quarter.

Las Vegas Market Results

Same-store (Major Las Vegas Operations and Green Valley Ranch Station) net
revenues for the quarter increased to $257.7 million, a 14% increase compared to
the prior year`s quarter, while EBITDA from those operations increased 27% to
$93.7 million. "Our third consecutive quarter of double-digit same-store revenue
growth demonstrates the strength of the Las Vegas economy. We continue to
benefit from significant population growth and substantial development in the
community, including new housing. These factors, combined with no new supply in
the locals` market, give us confidence in our guidance of 10% to 12% same-store
revenue growth for the fourth quarter of 2004," said Glenn C. Christenson,
executive vice president and chief financial officer.

EBITDA and Adjusted Earnings are not generally accepted accounting principles
("GAAP") measurements and are presented solely as a supplemental disclosure
because the Company believes that they are widely used measures of operating
performance in the gaming industry and as a principal basis for valuation of
gaming companies. EBITDA and Adjusted Earnings are further defined in footnotes
1 and 3, respectively.

Balance Sheet Items and Capital Expenditures

Long-term debt was $1.28 billion as of September 30, 2004, net of cash held in
marketable securities of $5.5 million. Total capital expenditures totaled $91.8
million for the third quarter, which included maintenance capital expenditures
of $8.1 million. Expansion and project capital expenditures were $83.7 million,
including $25.6 million for Red Rock Station, $6.0 million for the master
planned expansion at Santa Fe Station, $3.2 million for the bowling center at
Sunset Station, $10.9 million for the accelerated replacement of ticket-in
ticket-out slot machines and $18.6 million for the purchase and enhancements of
the Gold Rush and Magic Star casinos. As of September 30, 2004, the Company`s
debt to cash flow ratio as defined in its bank credit facility was 3.6 to 1.

Fourth Quarter 2004 Guidance

The Company expects EBITDA of approximately $94 million to $98 million for the
fourth quarter of 2004 (excluding development expense and other non-recurring
items). This would result in earnings per share ("EPS") of $0.48 to $0.52 for
the fourth quarter of 2004 assuming 68 million fully diluted shares. This
guidance assumes revenue growth for the fourth quarter of 2004 of 10% to 12% in
Las Vegas (including Green Valley Ranch Station) with an effective tax rate of
37%.

For 2004, the Company expects EBITDA of approximately $372 million to $376
million (excluding development expense and non-recurring items) and Adjusted
Earnings applicable to common stock of approximately $1.94 to $1.98 assuming 67
million fully diluted shares.

Dividend

On October 18, 2004, the Company`s Board of Directors declared a 20% increase in
its quarterly cash dividend to $0.21 per share. The dividend is payable on
December 3, 2004 to shareholders of record on November 12, 2004. "Our strong
operational performance and significant free cash flows allow us to provide
significant cash returns to our shareholders while continuing to grow the
business through new unit development and master-planned expansions. This is the
second time since we instituted a dividend in 2003 that we have increased the
amount returned to shareholders as a result of the strength of our operations,"
said Christenson.

[Mannerl]

irgendwie nicht so interesssant wie der Neue Markt!

[Mannerl]

Station Casinos Impresses


Station Casinos (NYSE: STN) is up 5% to $50.49 today after the leading Las Vegas locals casino operator posted better-than-expected earnings growth for the third quarter and forecast higher-than-expected earnings in the fourth quarter.

In the third quarter, Station saw revenues climb 11% to $242.9 million, driving EBITDA (earnings before interest, taxes, amortization, and depreciation) up 19% to a record $90.7 million. Meanwhile, excluding nonrecurring items, earnings per share jumped 31% to $0.46 per share -- ahead of the analyst expectation for earnings of $0.44 per share. Including items, earnings clocked in at $0.43 per share.

The surging Las Vegas locals market continued to drive results. Same-store revenues from Las Vegas operations jumped 14%, helping same-store EBITDA gain 27% over last year`s quarter. At the same time, EBITDA margins climbed from 32.5% last year to an impressive 36.3%.

Looking ahead, things only get better. Station forecast fourth-quarter EBITDA of $94 million to $98 million. The company also expects earnings, excluding items, of $0.48 to $0.52 per share -- better than or equal to the $0.48-per-share analysts estimate. Reflecting the strong performance, Station also announced that it would up its quarterly dividend by 20% to $0.21 per share.

[Mannerl]

auch wenns niemanden interessiert!

[Mannerl]