LAS VEGAS--(BUSINESS WIRE)--Jan. 30, 2004--Station Casinos Inc.
(NYSE: STN) ("Station" or "the company") today announced the sale of
$400 million of 6 1/2% senior subordinated notes due February 2014.
Proceeds from the sale of the notes will be used to redeem all of the
$199.9 million 8 7/8% senior subordinated notes due in 2008, to reduce
amounts outstanding on the company's revolving credit facility and for
general corporate purposes.
The notes have not been registered under the Securities Act of
1933, as amended (the "Act") and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Act.
Station Casinos Inc. is the leading provider of gaming and
entertainment to the residents of Las Vegas. Station's properties are
regional entertainment destinations and include various amenities,
including numerous restaurants, entertainment venues, movie theaters,
bowling and convention/banquet space, as well as traditional casino
gaming offerings such as video poker, slot machines, table games,
bingo and race and sports wagering. Station owns and operates Palace
Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe
Station Hotel & Casino, Wildfire Casino and Wild Wild West Gambling
Hall & Hotel in Las Vegas, Texas Station Gambling Hall & Hotel and
Fiesta Rancho Casino Hotel in North Las Vegas, Nev., and Sunset
Station Hotel & Casino and Fiesta Henderson Casino Hotel in Henderson,
Nev. Station also owns a 50% interest in both Barley's Casino &
Brewing Co. and Green Valley Ranch Station Casino in Henderson, and a
6.7% interest in the Palms Casino Resort in Las Vegas. In addition,
Station manages the Thunder Valley Casino in Sacramento, Calif. on
behalf of the United Auburn Indian Community.
CONTACT: Station Casinos Inc., Las Vegas
Glenn C. Christenson, 800-544-2411 or 702-367-2484
Thomas M. Friel, 800-544-2411 or 702-221-6793
Lesley A. Pittman, 800-544-2411 or 702-367-2437
SOURCE: Station Casinos Inc.