Station Casinos history

The first addition came in July 1977 when a Bingo parlor was added, bringing 15,000 more square feet of space, including an 8,000-square-foot Bingo room, 300 more slot machines, an enlarged buffet, a Keno game, and the property's first full-service restaurant.

By April 1978, the facility had tripled in size to 60,000 square feet, including more casino space, a new restaurant and buffet, another new Bingo room, and a sports facility.

In 1979, Frank J. Fertitta, Jr., one of the original founders, bought out his three partners, becoming the sole owner.

In 1981, a new Bingo room was built, and the facility was a full-scale casino.

In April 1984, the property tripled in size again, adding more casino space, along with upgrades of the restaurant and buffet and the addition of banquet/meeting rooms on a second floor.

In the year 1993, the company was transformed into a limited public company with its first IPO offering.

In May 1994, the company introduced riverboat and dockside gaming in Missouri with the opening of its Station Casino St Charles, located on 52 acres at Interstate 70 and the Missouri River in the city of St Charles, approximately seven miles from the St Louis airport.

Total revenue for 1995 jumped to $290.3 million, with a net loss of $7.9 million.

Total revenue for 1996 jumped again, this time to $466.9 million, with a net income of $25.5 million.

Total revenue for 1997 soared to $583.5 million, with a net income of $13.8 million.

Free to focus completely on its operations and on moving forward, Station Casinos also announced that during 1998 its Las Vegas properties had generated $434.8 million in gaming revenue, representing a 25 percent growth rate over the previous year.

In April 1999 settlement of the case was announced.

Since 2000, Station Casinos has been proud of its Smart Start school partnership initiative with the Clark County School District (CCSD) to support high-need elementary schools* with financial and volunteer support to help improve education and provide classroom resources.

Stutz, Howard, "Station Casinos Stays on Top with Sizzling Results," Las Vegas Review-Journal, January 25, 2005.

Blumenthal, Robin Goldwyn, "Does the House Always Win?" Barron's, July 24, 2006.

In November 2007, Station Casinos was taken private in a $5.4 billion buyout by the Fertitta family, the company’s founders, and real estate investment firm Colony Capital.

In 2008, both Frank and Lorenzo Fertitta were listed as billionaires in Forbes' annual list of the world's billionaires, but the purchase loaded the company with billions in debt.

On July 28, 2009, Station Casinos filed for Chapter 11 bankruptcy.

Station Casinos exited bankruptcy on June 17, 2011, with $4 billion less in debt and with creditors putting the company's 18 casinos back in the hands of the Fertitta family and their partners.

The current CEO of the company is Frank Fertitta III. As of the year 2014, the total revenue generated by the company is more than $1.3 billion.

Station Casinos announced on October 13, 2015, that it would return to the stock market with an initial public offering.

In May 2021 Station's affiliate Red Rock Resorts announced plans to sell The Palms to the San Manual Band of Mission Indians.