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STATION CASINOS INC. Las Vegas, Nevada; Casino Operator Keeps Betting On Locals.(THE NEW AMERICA)
Byline: DAVID ISAAC
Bellagio. Mandalay Bay. Luxor. Big-name casinos like those are the ones typical tourists think about when planning a trip to Las Vegas.
Not the locals. They're more likely to go to casinos off the Strip, the town's tourist center.
The biggest owner and operator of these local venues is Station Casinos. By catering to the home crowd, it's become the dominant player in a market valued at about $2 billion.
"They probably generate more than half of all the cash flow that is attributable to that market," said analyst Dennis Forst of Keybanc Capital Markets.
Station Casinos posted 2004 profit of $2.07 a share, up 70% from the prior year. Sales grew 15% to $987 million.
Station Casinos' first property was a 5,000-square-foot casino in an area that's the site of Palace Station, a half-mile from the Las Vegas Strip.
- Strike Would Devastate Las Vegas, Station Casinos Official Says.
- Newspaper article from: Knight Ridder/Tribune Business News May 23, 2002 700+ words
...Jeff Simpson, Las Vegas Review-Journal...News May 23--Station Casinos executives told...t good for the Las Vegas Valley," Chairman...to the nonunion Station Casinos properties. Fertitta...every employee in Las Vegas," he said...settlement." Station ...
- Station Casinos to develop North Las Vegas hotel-casino.
- Newspaper article from: Las Vegas Review-Journal (Las Vegas, NV) December 21, 2005 700+ words
...contribute the site. Station Casinos and Greenspun...Corp. owns the Las Vegas Sun. With the...developments around Las Vegas for Station Casinos, which announced...statement, Station Casinos, cited city of North Las Vegas projections...
- Las Vegas-Based Station Casinos Posts Second-Quarter Earnings Increase.
- Newspaper article from: Knight Ridder/Tribune Business News July 24, 2002 700+ words
...What's good for Las Vegas is good for Station Casinos. Cautious about...prospects for the Las Vegas economy, Station Casinos executives believe...he added, but Station Casinos stock is an investment in Las Vegas' continuing growth...
- Las Vegas-Based Station Casinos Sues Former Lobbyist.
- Newspaper article from: Knight Ridder/Tribune Business News November 27, 2001 700+ words
...Jeff Simpson, Las Vegas Review-Journal...News Nov. 27--Station Casinos has sued its former...lawsuit recalls Station Casinos' former Missouri...University of Nevada, Las Vegas professor and...message, and Station Casinos executives cited...see more of the ...
- Second-Quarter Profits Fall for Las Vegas-Based Station Casinos.
- Newspaper article from: Knight Ridder/Tribune Business News July 26, 2001 700+ words
...investing in the Las Vegas locals market," Station Casinos Chief Financial...percent of the North Las Vegas market and nearly...Highway market. But Station Casinos properties were...Suncoast in northwest Las Vegas as well as the renovation...
- Las Vegas-Based Station Casinos Eyes British Neighborhoods, Newspaper Reports.
- Newspaper article from: Las Vegas Review-Journal (Las Vegas, Nevada) (via Knight-Ridder/Tribune Business News) June 26, 2002 700+ words
...Simpson Jun. 26--Las Vegas-based Station Casinos has held exploratory...expertise. "Sending Las Vegas-style locals gaming...them the worst of Las Vegas," Thompson said...Thompson said Station Casinos' locals expertise...
- Las Vegas-Based Station Casinos Plans New Resort.
- Newspaper article from: Knight Ridder/Tribune Business News July 23, 2002 700+ words
...Jeff Simpson, Las Vegas Review-Journal...News Jul. 23--Station Casinos announced plans...Boulevard and the Las Vegas Beltway. If Station...zoned site. Station Casinos Chief Financial...high-quality Station Casinos property will...see more of the Las ...
- Las Vegas-Based Station Casinos Is Canceling Chamber of Commerce Membership.
- Newspaper article from: Knight Ridder/Tribune Business News June 5, 2003 700+ words
By Rod Smith, Las Vegas Review-Journal Knight Ridder...Business News Jun. 5--Station Casinos is canceling membership in the Las Vegas Chamber of Commerce, saying...important to Nevada," said Station Casinos spokeswoman Lesley Pittman...