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RENO ECONOMIC BENEFITS FINDINGS RELEASED

(Las Vegas, Nev.)-- While Station Casinos' two proposed Reno projects will bring many new and exciting entertainment amenities to both locals and tourists alike, the projects will also usher in significant economic benefits for the Reno community--including the creation of approximately 2,150 permanent jobs, 1,100 construction-related jobs and millions of dollars spent on local goods and services.

The findings are a culmination of a comprehensive financial proforma by the Company for its two proposed Reno projects: an eight-acre site by the Reno-Sparks Convention Center and an 88-acre site on the southwest corner of Mount Rose Highway and U.S. 395. The findings utilized a combination of data from the Company's long history in development and gaming operations; data from its 14 existing properties including profit and loss reports, revenues, expenses, and net incomes; Reno-specific economic and gaming research derived from Reno publicly traded gaming corporations; and tax structure information provided by Washoe County, the Reno Sparks Convention and Visitors Authority (RSCVA), the City of Reno and the State of Nevada.

The only assumption made in the report was about the size and scope of the projects as final and approved development plans for one of the projects is pending. Therefore, the numbers were derived from evaluating and averaging three possible scenarios of a small, medium or large size venue and includes key indicators such as hotel room count and amenity offerings. The economic benefit report will be finalized upon the City of Reno's completion of its Redfield Regional Plan which will provide direction and criteria for the Company to develop its project off Mount Rose Highway.

Key economic benefit findings include:

• Creation of approximately 2,150 new permanent jobs.
• Creation of approximately 1,100 construction jobs.
• Creation of approximately $67-$87 million in annual payroll and benefits.
• Creation of $55-$75 million in annual goods and services (products and services the Company will purchase to support its casino operations).
• Creation of $18-$29 million in food and beverage-related goods and services such as purchasing food and beverage products for use in restaurant outlets.
• Creation of $7.5-$10 million in annual property taxes that will be used for funding for the City of Reno, Washoe County General Fund, Washoe County School District, and State of Nevada.
• Creation of $1.2-$1.6 million in annual room tax which is used to fund the RSCVA (8 5/8%); City of Reno for City use and the National Bowling Stadium (2%); Nevada Department of Taxation (3/8%) and Washoe County (1%).

These findings are not inclusive of gaming and sales tax, providing significant additional tax revenue to the State of Nevada.

Station Casinos, Inc. was founded in 1976 by Frank Fertitta, Jr. when he opened what's known today as Palace Station Hotel & Casino. In the early 1990's, Fertitta's sons Frank Fertitta III and Lorenzo Fertitta assumed management of the Company and took it public in 1993 (NYSE:STN). Since that time, the Company has grown from one property to 14 and is the sixth largest publicly-traded gaming corporation. Properties in Southern Nevada include Green Valley Ranch, Palace Station, Texas Station, Boulder Station, Santa Fe Station, Sunset Station, Fiesta Rancho, Fiesta Henderson, Magic Star, Wild, Wild West, Gold Rush, Wildfire and Barley's. The Company also developed and manages Thunder Valley Casino on behalf of the United Auburn Indian Community just outside Sacramento, CA. To learn more about the Company, visit www.stationcasinos.com or to learn more about its Reno efforts, visit www.stationcasinosreno.com.