verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . october 2010 learn how and when to remove this template message station casinos type limited liability company industry gaming & hospitality founded las vegas nevada u.s. july 1 1976 headquarters summerlin nevada u.s. key people frank fertitta iii ceo revenue us 1.38 billion 2014 1 owner frank fertitta iii 29 % lorenzo fertitta 29 % deutsche bank 25 % fidelity investments 9 % oaktree capital management 6 % 2 number of employees 11 600 2015 3 website sclv.com station casinos is a gaming company based in the las vegas suburb of summerlin nevada founded by frank fertitta jr. 4 5 station casinos along with affinity gaming boyd gaming cannery casino resorts and american casino & entertainment properties 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 has also branched out into managing casinos that they do not own . red rock resorts inc. nasdaq rrr is a publicly traded holding company that owns a portion of station casinos . contents 1 history 2 ultimatepoker.com 3 casinos owned 4 development sites 5 officers 6 references 7 external links history edit the company started out as a locals casino operator on july 1 1976 opening the bingo palace . this establishment was later renamed palace station . the company went public with an ipo in 1993 . on december 4 2006 frank fertitta iii lorenzo fertitta and colony capital llc operating as fertitta colony partners made a highly leveraged offer to purchase all existing shares at 82 per share and take the company private . 6 the fertitta brothers their sister delise sartini and blake l. sartini her husband 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 . 7 as of november 7 2007 the company s stock old symbol stn was no longer listed on the new york stock exchange . in march 2008 both frank and lorenzo fertitta were listed as billionaires in forbe s annual list of the world s billionaires but the purchase loaded the company with billions in debt . as of may 2011 frank was ranked 1057th on the list of world s billionaires lorenzo was ranked at 1140th . both were tied for these rankings with several others . 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 has 510 holders of unsecured and subordinate debt totaling 4.4 billion . 8 on august 21 2009 frank fertitta jr. the founder of station casinos and father of the fertitta brothers died from complications of a heart condition . station casinos exited bankruptcy in june 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 hold an additional 15 percent according to lawyers on the deal . 9 station announced in october 2015 that it would return to the stock market with an initial public offering . 10 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 . 11 in may 2016 station agreed to purchase the palms casino resort for 313 million . 12 13 ultimatepoker.com edit main article ultimatepoker.com casinos owned edit station casinos brand name casino gaming area opened or acquired open acq . 50 % station casinos boulder station 7003830952660672000 89 443 sq ft 8 309.5 m2 000000001994 08 23 0000august 23 1994 open station casinos green valley ranch 7004133679113286400 143 891 sq ft 13 367.9 m2 000000002001 12 18 0000december 18 2001 open station casinos mount rose station 7004153290016000000 165 000 sq ft 15 300 m2 station casinos palace station 7003780385536000000 84 000 sq ft 7 800 m2 000000001976 07 01 0000july 1 1976 open station casinos palms casino resort 7003881092431360000 94 840 sq ft 8 811 m2 000000002016 10 01 0000october 1 2016 acq . station casinos red rock resort 7004109912657593600 118 309 sq ft 10 991.3 m2 000000002006 04 18 0000april 18 2006 open station casinos santa fe station 7004145301283590400 156 401 sq ft 14 530.1 m2 000000002000 10 02 0000october 2 2000 acq . station casinos station casino reno 7003752514624000000 81 000 sq ft 7 500 m2 station casinos sunset station 7004150663647059200 162 173 sq ft 15 066.4 m2 000000001997 06 10 0000june 10 1997 open station casinos texas station 7004114312545568000 123 045 sq ft 11 431.3 m2 000000001995 07 12 0000july 12 1995 open federated indians of graton rancheria graton 7004315870336000000 340 000 sq ft 32 000 m2 000000002013 11 05 0000november 5 2013 open fiesta casinos fiesta henderson 7003682372828800000 73 450 sq ft 6 824 m2 000000002001 01 04 0000january 4 2001 acq . fiesta casinos fiesta rancho 7003556786499328000 59 932 sq ft 5 567.9 m2 000000002001 01 04 0000january 4 2001 acq . wildfire gaming wildfire casino 7002631740672000000 6 800 sq ft 630 m2 000000002003 01 27 0000january 27 2003 acq . wildfire gaming wildfire lanes 7002627095520000000 6 750 sq ft 627 m2 000000002008 06 26 0000june 26 2008 acq . wildfire gaming wildfire boulder 7002622450368000000 6 700 sq ft 620 m2 000000002004 08 02 0000august 2 2004 acq . wildfire gaming barley s 7002482166777600000 5 190 sq ft 482 m2 000000001996 01 18 0000january 18 1996 open wildfire gaming wildfire sunset 7002436644288000000 4 700 sq ft 440 m2 000000002004 08 02 0000august 2 2004 acq . wildfire gaming lake mead lounge 7002325160640000000 3 500 sq ft 330 m2 acq . wildfire gaming the greens cafe 7002101078507520000 1 088 sq ft 101.1 m2 open wildfire gaming wild wild west 7003104515920000000 11 250 sq ft 1 045 m2 000000001998 07 06 0000july 6 1998 acq . although not branded separately green valley ranch and red rock resort are in a distinctly different upscale market niche from the other five station casinos wildfire boulder was formerly magic star casino wildfire lanes was formerly renata s bowling wildfire sunset was formerly the gold rush development sites edit all the nevada sites below are gaming entitled unless otherwise noted . gaming entitled means that a casino can be built on that location without special approvals . las vegas area flamingo road at clark county 215 and town center drive in summerlin south . durango station on south durango drive at clark county 215 in spring valley near the rhodes ranch planned community . announced plans for a bowling alley and movie theater at this location . the design is shown to be similar to that of the red rock resort . 14 siena across from the siena age restricted community on town center drive in summerlin . 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 . reno area station casino reno across from the reno sparks convention center at the intersection of kietzke lane and south virginia street . an 8 acre 3.2 ha site acquired in 2005 . 15 16 mount rose station across from the summit at the intersection of mount rose highway and south virginia street . an 88 acre 36 ha site acquired in 2005 . 15 17 18 officers edit station casinos frank fertitta iii chairman & ceo marc falcone cfo scott nielson cdo rich haskins general counsel references edit form 10 k annual report report . station casinos llc . march 10 2015 . p. 51 via edgar . form 10 k annual report report . station casinos llc . march 10 2015 . pp. 117 118 via edgar . form 10 k annual report report . station casinos llc . march 10 2015 . p. 15 via edgar . interactive map viewer . city of las vegas . retrieved november 28 2014 . map . station casinos . retrieved november 28 2014 . lipton joshua december 4 2006 . founders lead station casinos bid . forbes . retrieved november 28 2014 . knightly arnold m. may 8 2007 . fertittas will cash take stake . las vegas review journal . retrieved november 28 2014 . knightly arnold m. july 28 2009 . station casinos files for chapter 11 . las vegas review journal . retrieved november 28 2014 . triedman julie june 20 2011 . after two rocky years station casinos exits bankruptcy . the am law daily . retrieved november 28 2014 . howard stutz october 13 2015 . station casinos announces plans for an initial public offering . las vegas review journal . retrieved 2015 10 14 . driebusch corrie . red rock ipo prices in line with casino operator s target . the wall street journal . dow jones & company inc. retrieved 27 april 2016 . j.d. morris may 10 2016 . palms sold to station casinos for 312.5 million . vegas inc. retrieved 2016 05 10 . red rock resorts announces agreement to acquire palms casino resort press release . red rock resorts . may 10 2016 via edgar . durango station casino & resort . mevold studio . archived from the original on december 14 2014 . retrieved december 14 2014 . dead link a b cfa hospitality projects . cfa inc. archived from the original on may 5 2016 . retrieved november 28 2014 . dead link station casino at the convention center . emporis gmbh . retrieved november 28 2014 . mount rose station hotel casino . emporis gmbh . retrieved november 28 2014 . voyles susan october 28 2010 . proposed station casino receives 5 year extension . reno gazette journal . archived from the original on november 29 2014 . retrieved november 28 2014 . dead link external links edit official website v t e station casinos station casinos boulder station green valley ranch mount rose station palace station palms casino resort red rock resort santa fe station station casino reno sunset station texas station fiesta casinos fiesta henderson fiesta rancho other casinos barley s the greens gaming & dining wild wild west wildfire casino & lanes wildfire casino boulder wildfire casino lake mead wildfire casino rancho wildfire casino sunset casinos operated baldini s graton thunder valley former casinos aliante station sold and renamed castaways closed and demolished station casino kansas city sold and renamed station casino st. charles sold and renamed former online casinos ultimatepoker.com retrieved from https en.wikipedia.org w index.php title station casinos & oldid 743177088 categories station casinoscompanies based in summerlingambling companies of the united stateshospitality companies of the united statescompanies that filed for chapter 11 bankruptcy in 2009hidden categories all articles with dead external linksarticles with dead external links from october 2016articles needing additional references from october 2010all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 8 october 2016