Advertisement
YOU ARE HERE: LAT HomeCollectionsStation Casinos
IN THE NEWS

Station Casinos

FEATURED ARTICLES
BUSINESS
February 27, 2007 | From the Associated Press
Neighborhood casino operator Station Casinos Inc. said Monday that it had agreed to be acquired by a private equity group that includes key members of its founding family for about $5.4 billion. The group known as Fertitta Colony Partners offered $90 a share for the Las Vegas-based company, an 8% premium over its closing price of $83.30 a share Friday. The group sweetened an earlier bid of $82 a share made Dec. 4.
ARTICLES BY DATE
CALIFORNIA | LOCAL
January 21, 2014 | By Paige St. John
SACRAMENTO -- Labor unions, Hollywood's glitterati, California philanthropists and a private company profiting from Gov. Jerry Brown's fight over prison crowding are among 72 top donors who have maxed out on contributions to Brown's reelection campaign even before he officially runs. Brown's campaign fund reports receiving two $27,200 checks in early January from the GEO Group, based in Boca Raton, Fla. The company in September signed contracts with the state worth $150 million to house 1,400 inmates in two low-security facilities within California, in Adelanto and in McFarland.
Advertisement
BUSINESS
January 17, 1998 | From Bloomberg News
Crescent Real Estate Equities Inc. has agreed to buy Station Casinos Inc. for $1.7 billion in securities and assumed debt, marking billionaire investor Richard Rainwater's first move into the gaming market. The transaction values Las Vegas-based Station at a lofty $18 a share, a 58% premium to yesterday's closing price of $11.38. On Friday, Station shares jumped $4.13, to close at $15.50. Crescent fell 13 cents to close at $37. Both trade on the New York Stock Exchange.
CALIFORNIA | LOCAL
November 5, 2013 | By Lee Romney
It cost more than $800 million to build, spans 340,000 square feet and will employ 2,000 full-time workers. It also carved a deep rift in Sonoma County's political landscape over the past decade, spurring legal action, acrimony and even some death threats. But on Tuesday morning, the Graton Resort & Casino in Rohnert Park opened its doors an hour ahead of schedule to a screaming crowd of thousands. With that, one of the largest casinos in the state -- and among the largest tribal gaming operations in the nation -- kicked into gear, swamping roadways as thousands of Bay Area motorists headed north.
BUSINESS
December 5, 2006 | From the Associated Press
Private equity bidders extended their shopping spree for casino companies Monday as Station Casinos Inc. said it received a $4.7-billion buyout offer from its founding family and an affiliate of Colony Capital. The $82-a-share offer for the Las Vegas-based neighborhood casino operator, backed by Chief Executive Frank J. Fertitta III and President Lorenzo Fertitta, represented an 18.7% premium to Friday's closing price. Station shares shot above the mark Monday, rising $15.80, or 22.9%, to $84.
NATIONAL
June 7, 2012 | By Mark Z. Barabak, Los Angeles Times
LAS VEGAS - The largest, most powerful union in Nevada has been locked for years in a fierce and bitter battle with one of Las Vegas' most prominent families. The skirmish between workers and Station Casinos, owners of several nonunion slot palaces, is one of the biggest labor fights in the country. Now the dispute threatens to spill over into the presidential campaign, to the detriment of President Obama, who is set to deliver an education speech Thursday in Las Vegas, and of fellow Democrats, who are grappling to gain a U.S. Senate seat to help keep Nevada's Harry Reid as majority leader.
CALIFORNIA | LOCAL
January 31, 2004 | From Times Staff and Wire Reports
Officials with the Mechoopda Indian Tribe of Chico Rancheria said this week they have moved closer to opening a casino south of Chico. Tribal officials said they reached an agreement with Station Casinos of Las Vegas to finance and build the project. Station Casinos recently helped open the Thunder Valley casino near Roseville, considered one of the most successful Indian casinos in the state. The tribe wants to open the 41,600-square-foot casino on 650 acres near Highway 99 and Highway 149.
CALIFORNIA | LOCAL
January 21, 2014 | By Paige St. John
SACRAMENTO -- Labor unions, Hollywood's glitterati, California philanthropists and a private company profiting from Gov. Jerry Brown's fight over prison crowding are among 72 top donors who have maxed out on contributions to Brown's reelection campaign even before he officially runs. Brown's campaign fund reports receiving two $27,200 checks in early January from the GEO Group, based in Boca Raton, Fla. The company in September signed contracts with the state worth $150 million to house 1,400 inmates in two low-security facilities within California, in Adelanto and in McFarland.
CALIFORNIA | LOCAL
August 23, 2009 | Ashley Powers
Frank Fertitta Jr., a bellman turned gaming mogul who pioneered the concept of neighborhood casinos in fast-growing Las Vegas, died Friday. He was 70. Fertitta, who founded Station Casinos Inc., which was publicly traded for more than a decade, was being treated for a heart condition at Cedars-Sinai Medical Center in Los Angeles when he died, the Las Vegas Review-Journal reported. Fertitta opened his first neighborhood casino -- simply named the Casino -- in 1976. The 5,000-square-foot gambling hall, attached to the Mini-Price Motor Inn and a short drive from Las Vegas Boulevard, gave the Strip's dealers and cocktail waitresses their own after-work hangout.
NEWS
September 24, 2012 | By Mark Z. Barabak
It's not exactly the cavalry coming over the Spring Mountains in Las Vegas, but President Obama and fellow Democrats will be getting some important help in Nevada from the Culinary Workers Union, a potent political force that was threatening to sit out the November election. In an interview last spring, the union chief, D. Taylor, expressed frustration that Democrats had not done more to help Culinary Local 226 in a long, bitter organizing battle with Station Casinos, the owner of several nonunion slot palaces.
NEWS
September 24, 2012 | By Mark Z. Barabak
It's not exactly the cavalry coming over the Spring Mountains in Las Vegas, but President Obama and fellow Democrats will be getting some important help in Nevada from the Culinary Workers Union, a potent political force that was threatening to sit out the November election. In an interview last spring, the union chief, D. Taylor, expressed frustration that Democrats had not done more to help Culinary Local 226 in a long, bitter organizing battle with Station Casinos, the owner of several nonunion slot palaces.
NATIONAL
June 7, 2012 | By Mark Z. Barabak, Los Angeles Times
LAS VEGAS - The largest, most powerful union in Nevada has been locked for years in a fierce and bitter battle with one of Las Vegas' most prominent families. The skirmish between workers and Station Casinos, owners of several nonunion slot palaces, is one of the biggest labor fights in the country. Now the dispute threatens to spill over into the presidential campaign, to the detriment of President Obama, who is set to deliver an education speech Thursday in Las Vegas, and of fellow Democrats, who are grappling to gain a U.S. Senate seat to help keep Nevada's Harry Reid as majority leader.
CALIFORNIA | LOCAL
August 23, 2009 | Ashley Powers
Frank Fertitta Jr., a bellman turned gaming mogul who pioneered the concept of neighborhood casinos in fast-growing Las Vegas, died Friday. He was 70. Fertitta, who founded Station Casinos Inc., which was publicly traded for more than a decade, was being treated for a heart condition at Cedars-Sinai Medical Center in Los Angeles when he died, the Las Vegas Review-Journal reported. Fertitta opened his first neighborhood casino -- simply named the Casino -- in 1976. The 5,000-square-foot gambling hall, attached to the Mini-Price Motor Inn and a short drive from Las Vegas Boulevard, gave the Strip's dealers and cocktail waitresses their own after-work hangout.
CALIFORNIA | LOCAL
April 29, 2008 | Nancy Vogel, Times Staff Writer
Gov. Arnold Schwarzenegger announced Monday that he has signed a deal to allow a Sierra Nevada Indian tribe to build a casino along a major highway near Fresno that could be worth about $25 million a year to the state. But the tribe lacks federal permission to put a gambling operation on that land. And state legislators -- many of whom are wary of urban, off-reservation casinos -- must approve the compacts. Those are high hurdles that could take months, if not years, to clear.
BUSINESS
February 27, 2007 | From the Associated Press
Neighborhood casino operator Station Casinos Inc. said Monday that it had agreed to be acquired by a private equity group that includes key members of its founding family for about $5.4 billion. The group known as Fertitta Colony Partners offered $90 a share for the Las Vegas-based company, an 8% premium over its closing price of $83.30 a share Friday. The group sweetened an earlier bid of $82 a share made Dec. 4.
BUSINESS
December 5, 2006 | From the Associated Press
Private equity bidders extended their shopping spree for casino companies Monday as Station Casinos Inc. said it received a $4.7-billion buyout offer from its founding family and an affiliate of Colony Capital. The $82-a-share offer for the Las Vegas-based neighborhood casino operator, backed by Chief Executive Frank J. Fertitta III and President Lorenzo Fertitta, represented an 18.7% premium to Friday's closing price. Station shares shot above the mark Monday, rising $15.80, or 22.9%, to $84.
BUSINESS
September 19, 2003 | Melinda Fulmer, Times Staff Writer
Park Place Entertainment Corp., the world's largest casino company, said Thursday that it had reached a tentative deal to open its first gambling operation in California, a $250-million Caesars resort on Indian land near Temecula. Park Place would join other large casino operators that have entered California's lucrative Indian gaming industry in recent years as tourism has slowed in Las Vegas. Harrah's Entertainment Inc., Station Casinos Inc. and Trump Hotels & Casino Resorts Inc.
CALIFORNIA | LOCAL
November 5, 2013 | By Lee Romney
It cost more than $800 million to build, spans 340,000 square feet and will employ 2,000 full-time workers. It also carved a deep rift in Sonoma County's political landscape over the past decade, spurring legal action, acrimony and even some death threats. But on Tuesday morning, the Graton Resort & Casino in Rohnert Park opened its doors an hour ahead of schedule to a screaming crowd of thousands. With that, one of the largest casinos in the state -- and among the largest tribal gaming operations in the nation -- kicked into gear, swamping roadways as thousands of Bay Area motorists headed north.
CALIFORNIA | LOCAL
January 31, 2004 | From Times Staff and Wire Reports
Officials with the Mechoopda Indian Tribe of Chico Rancheria said this week they have moved closer to opening a casino south of Chico. Tribal officials said they reached an agreement with Station Casinos of Las Vegas to finance and build the project. Station Casinos recently helped open the Thunder Valley casino near Roseville, considered one of the most successful Indian casinos in the state. The tribe wants to open the 41,600-square-foot casino on 650 acres near Highway 99 and Highway 149.
BUSINESS
September 19, 2003 | Melinda Fulmer, Times Staff Writer
Park Place Entertainment Corp., the world's largest casino company, said Thursday that it had reached a tentative deal to open its first gambling operation in California, a $250-million Caesars resort on Indian land near Temecula. Park Place would join other large casino operators that have entered California's lucrative Indian gaming industry in recent years as tourism has slowed in Las Vegas. Harrah's Entertainment Inc., Station Casinos Inc. and Trump Hotels & Casino Resorts Inc.
Los Angeles Times Articles
|