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• Letter from the Chairman
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To our valued Guests, Team Members and Business Partners:

For 33 years we have taken great pride in being a part of the Southern Nevada community. As a result of following our original business plan of providing our guests with a high-value gaming and entertainment experience with unmatched, friendly service, we have created more than 13,000 jobs, invested billions of dollars in building our properties, and contributed millions of dollars to support charitable organizations in Clark County.

As has been the case with many other fine companies during these difficult economic times, we have found it necessary to take unprecedented steps to preserve and ultimately strengthen our company.

To facilitate the debt restructuring at the parent company level and with the support of our senior secured lenders, our parent company and certain non-casino subsidiaries have filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code. None of our casinos and resorts were included in these voluntary filings and we will continue normal operations at all of our properties under our existing management team.

Our 18 casinos and resorts are open and ready to continue to provide you with the exceptional gaming, dining and entertainment experiences you have come to expect from Station Casinos. Our popular Boarding Pass rewards program, which has been voted the “Best Of” by the readers of the Las Vegas REVIEW JOURNAL year after year, along with our Amigo and WildCard Clubs, will not be affected. Your points will be honored exactly as they have been in the past and rest assured, your balances are safe.

Today, tomorrow, and for many years to come you can expect what you have always expected from us:

• Extraordinary guest service from our dedicated team members. We pride ourselves on having the best in the industry. It’s no accident that FORTUNE Magazine named Station Casinos among its “100 Best Companies to Work For” four years in a row (2005-2008).
• Great value. More than ever there are specials and promotions for you--from our Boarding Pass program, to two-for-one dining offers, to fantastic promotions like this year’s upcoming Great Giveaway Football Contest.
• Great entertainment. All of the great entertainment choices we are known for including incredible restaurants, concerts and lounge acts, great gaming action, movies, bowling and much more.

We appreciate and value our relationship that we have shared with you the last 33 years and it is our promise that we will work harder than ever to keep your business and maintain the respect we have earned from the Las Vegas community since we first opened in 1976.

If you have any questions about our restructuring, or anything to do with Station Casinos, I invite you to review the FAQs section below or send us your questions or comments via email. Thank you for your continued patronage and we look forward to seeing you at one of our properties in the near future.

Sincerely,

Frank J. Fertitta, III
Chief Executive Officer
Station Casinos, Inc.

FAQs

What process will the Company be going through?

We will be going through a voluntary Chapter 11 bankruptcy that will provide the financial restructuring necessary to meet the challenges of the current economy, allow us to continue to invest in our properties and ultimately emerge a stronger company.

What is Station Casinos’ current financial situation?

Our casinos are successful businesses that make money, but, due to the overall economy, we have to restructure and reduce our debt at the parent company level. This will have no impact on our casino operations.

How can you ensure that your properties won’t be impacted?

The voluntary filing is for the parent company, not the individual operating properties, ensuring that there will be no impact to our entertainment amenities or the great values you have come to expect.

Will guest service levels be impacted?

Absolutely not! We pride ourselves on having the best Team Members in the industry; who provide the best service in the industry. Our 13,000+ committed Team Members are at your service to ensure you have an enjoyable experience. It’s no accident that FORTUNE Magazine named Station Casinos among its “100 Best Companies to Work For” four years in a row (2005-2008).

Will my Boarding Pass points be impacted?

Not at all! Our popular guest rewards program has been voted the “Best Of” by the readers of the REVIEW JOURNAL year after year for a reason. You will see no changes to this program or our Amigo and WildCard Clubs, and your points will be honored exactly as they have been in the past.

Will the slot machines be tighter?

Absolutely not! As always, our slot machine payouts remain among the highest in town and in the gaming industry. We will continue to have the best and newest gaming products on our casino floors.

What is Chapter 11 Bankruptcy?

Chapter 11 bankruptcy is a court-supervised reorganization or restructuring of a company’s debts and other obligations and provides a way for companies to address their debt while continuing day-to-day operations.

Will team members and business partners get paid during this time?

Yes. Checks will be issued in the normal course.

How long will this process take?

While we can’t predict an exact time frame, we are going to move through this process as quickly as possible.

If operations are normal, why did your parent company file for bankruptcy?

Our issues are mainly financial, not operational—all of our casinos generate positive cash flow. The global recession has impacted our company, just as it has every other company in the gaming industry. Our debt needs to be restructured so we can meet the challenges of the current economy, allow us to continue to invest in our properties and ultimately emerge a stronger company.

Do you have enough money to continue to operate your businesses?

Yes. All of our casinos make money and we have more than sufficient cash available to continue normal operations during the course of our parent company’s financial restructuring.

Is Station Casinos for sale?

No. Our intent is to remain a stand-alone company.

Do companies ever emerge from Chapter 11?

Yes. Many companies, including GM, Chrysler, Delta Airlines, U-Haul, United Airlines, Texaco, Macy’s, Southland Corp (7- Eleven) and K-Mart have successfully reorganized under Chapter 11.

Who will run the Company? Will management remain in place?

The current management team, which has been at the helm of the Company since nearly its inception, will remain in place.

Questions or Comments

If you have further questions and/or comments, please click here for our contact form