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Ronda Churchill/Las Vegas Review-Journal, Station Casinos president Richard Haskins, left, speaks to the company‘s counsel Kenneth Baronsky during a Gaming Control Board hearing at Grant Sawyer building Thursday, Jan. 21, 2016, in Las Vegas. The company hinted that it would like to launch the IPO before it announces fourth-quarter earnings next month. The facility would quickly become the number one tourist attraction in the region. Control Board member Terry Johnson said the Station Casinos plan “was a lot of information to digest” but he didn’t have a concern with the structure involving Deutsche Bank. Station Casinos President Richard Haskins said Red Rock Resorts was just the corporate name and how the company will be addressed going forward. Sign up for our free daily Morning and Afternoon Update newsletters. The company has also reduced debt by $400 million and has invested $350 million into renovations and improvements at its Southern Nevada resorts. The following properties, Fiesta Henderson, Fiesta Rancho, Palms and Texas Station will remain temporarily closed. Regulators were told the public company structure, while unique to the casino industry, has been successfully used by other industries. Responsible Gaming. In October 1997, the Station St. Charles introduced Silicon Gaming Inc.'s new Odyssey Interactive Slot Machine game, featuring five games in one machine, an exclusive in the state of Missouri and in the St. Louis market until the fall of 1998. Crescent Real Estate Equities Inc. of Fort Worth, a company headed by … In Texas, he donated four-and-a-half-million-dollars to House Republican candidates this last campaign. Catering primarily to the locals, most of the company's facilities in Las Vegas are located on the Strip. In fact, just two companies together own the overwhelming majority of strip properties. Like its Las Vegas and Kansas City counterparts, the Station St. Charles restaurant offered breakfast, lunch, and dinner, ranging in price from $3.95-$9.95, seven days a week, featuring Mexican, Chinese, Italian, barbecue, and American fare. The $51 million project, designed to enhance Texas Station's reputation for quality entertainment, included six additional movie screens with THX sound and stadium-style seating being added to the existing 12-screen multiplex movie theater operated by Act III; a 2,000-space covered parking garage adjacent to a new theater entrance, designed to provide maximum convenience for customers and featuring a valet; a 10,000-square-foot "Kids Quest" child care facility; a new bar and lounge similar in nature to the popular Gaudi Bar at Sunset Station, only featuring a Texas motif; a food court with several brand-name tenants; an expanded arcade; and a 21,000-square-foot expansion of the casino. Learn More MGM Investor News. The following properties, Fiesta Henderson, Fiesta Rancho, Palms and Texas Station will remain temporarily closed. But there were still some notable transactions this year. Culinary members addressed the Control Board during the public comment session about concerns with Deutsche Bank and asked that the investor be called forward for licensing. We have contributed $50,000 to … Attorney Mark Clayton, representing Deutsche Bank’s U.S. subsidiary, German America Capital Corp., which controls the Station Casinos ownership stake, said the division had no role in the LIBOR issues. Including a 150-seat bar and lounge, fast-food outlets, a lobby and ticketing facility, and a gift shop, it was the first dockside gaming facility in Missouri to offer two casinos with fluctuating odd/even hours so that customers would not have to wait to board, revolutionizing gaming in the state and leading to duplication by other Missouri gaming operators. In addition, Station Casinos is the manager of Graton Resort & Casino in northern California. By continuing to browse or by clicking “I Accept Cookies” you agree to the storing of first-party and third-party cookies on your device. Ronda Churchill/Las Vegas Review-Journal, Boulder Station employee Yesenia Quintana, left, sits in a crowded room an attends a Gaming Control Board hearing at Grant Sawyer building Thursday, Jan. 21, 2016, in Las Vegas. All the casinos together are owned by just a handful of companies. Palace Station Hotel and Casino is one of 20 properties owned by Station Casinos, LLC. United States | 04/07/2020 The donation money will be used to purchase Personal Protective Equipment and critical equipment used in healthcare work. The company purchased several sites that were gaming-entitled, meaning that major casinos … If you thought most casinos in Vegas were independently owned, think again. In 1996, the company introduced two of its most successful Las Vegas dining concepts, The Feast "Action" Buffet and The Broiler Steak and Seafood Restaurant, into the Midwest at the Station St. Charles facility. Station Casinos employees cut a ceremonial ribbon as they help open a free health clinic for employees and their families at Red Rock Resort Tuesday, Dec. 15, 2020. Station Casinos owns and operates Red Rock Casino Resort & Spa, Green Valley Ranch Resort, Spa & Casino, Palms Casino Resort, among others. The board signed off on Station Casinos becoming a public company under a new name — Red Rock Resorts — which will be traded on the Nasdaq. Strip gaming win continues to trail other markets in November, Caesars on track to purchase William Hill, New Year’s Eve won’t be the same on Fremont Street, but it’s open, Strat to welcome 2021 with midnight SkyJump, McCarran passenger counts down by more than half in November, McCarran aiming to regain momentum lost when pandemic hit US. Net Worth: $2 Billion. The board signed off on Station Casinos becoming a public company under a new name — Red Rock Resorts — which will be traded on the Nasdaq. Station Casinos has reopened many of its properties as of June 4. Our guests love our ideal location and one-of-a-kind hotel experience. In April, expansion began at the company's Sunset Station facility. 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. In Texas, he donated four-and-a-half-million-dollars to House Republican candidates this last campaign. Total revenue for 1996 jumped again, this time to $466.9 million, with a net income of $25.5 million. Deutsche Bank’s ownership will drop to 16 percent. The acquisition will not effect day to day operations at Station and has not altered their plans to expand. The facility additionally introduced a number of new games to its customers, as well as featured its standard creations such as Reversible Royals Video Poker, Million-Coin Video Poker, and the state's first Red, White and Blue Progressive Slot Machine Game. In fact, just two companies together own the overwhelming majority of strip properties. Station never built out those parcels, and it has put some land on the market. Offering a fully integrated, "down-home" Texas atmosphere throughout, the property is located on 47 acres, featuring over 198,000 square feet of public space, with 67,800 square feet of casino space; 200 hotel rooms; five full-service restaurants with over 1,400 seats (including the 24-hour Yellow Rose Cafe coffee shop; The Stockyard Steakhouse; The Laredo Cantina and Cafe Mexican restaurant; The San Lorenzo Italian restaurant; and The Feast Around the World Buffet, featuring authentic Texas-style barbecue); three bars (including The Whiskey Bar, with its seven-foot-high bronco rider which rotates on a pedestal; The Garage Bar, with its 1976 fire-engine-red Cadillac Eldorado featuring seven-foot Texas Longhorns on the hood; and The Armadillo, with its 3,000-piece cut-glass armadillo in the dance hall); several quick-food outlets; 1,840 slot and video poker machines; 35 table games; a 165-seat race and sports facility; parking for 3,000 vehicles; and a 12-screen movie complex, which opened in August, operated by Portland, Oregon-based Act III Theatres. 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