LAS VEGAS –Station Casinos, Inc. (the “Company”) announced today that it and certain of its non-casino subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the United States Bankruptcy Code in Reno, Nevada.

Pursuant to an agreement with the Company’s senior secured lenders, none of the Company’s casino operating subsidiaries or affiliates were included in the Chapter 11 filings and the Company will continue normal operations at all of its properties under the direction of its existing management team. In addition to cash generated from its operating subsidiaries and affiliates, the Company has in place an agreement with its senior secured lenders that, subject to court approval, permits it to borrow, as needed, up to $150 million of cash from one of its non-operating subsidiaries.

“Station Casinos is a great company and our 18 Vegas casinos and resorts continue to generate positive cash flow, but the global recession has severely impacted our company, just as it has every other company in the gaming industry. The restructuring of our debt will provide us with the financial flexibility necessary to meet the challenges of the current economic environment. Equally important, it will provide the resources necessary for us to continue to invest in our properties, take advantage of opportunities as they arise and ultimately enable us to emerge as a stronger company,” said Frank J. Fertitta III, Chairman and Chief Executive Officer of Station Casinos.

“All of our casinos will continue to operate as usual and we will continue to provide our guests with the same great value and entertainment choices they have always enjoyed at our properties,” said Kevin Kelley, Chief Operating Officer of Station Casinos. “From our loose slots, to honoring points earned in our Boarding Pass program to our great promotions and contests – like our upcoming Great Giveaway Football Contest, it’s business as usual at Station Casinos,” Kelley said.

“Just as importantly, our Team Members will see no difference in their jobs. We greatly value our Team Members and will do everything we can during these difficult economic times to reward them for their excellent performance,” Kelley said. “It’s no accident that Station was recognized by FORTUNE Magazine as one of the ‘100 Best Companies to Work For’ in 2005, 2006, 2007 and 2008. We are committed to our Team Members, just as they are committed to us and to meeting the needs of our guests.”

The filing companies have posted details on its website www.stationcasinos.com, click on the “corporate” link for parties interested in more information.

Company Information and Forward Looking Statements
Station Casinos, Inc. is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. 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 Vegas casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station owns and operates Red Rock Casino Resort Spa, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino Hotel, Wildfire Boulder, Gold Rush Casino and Lake Mead Casino in Henderson, Nevada. Station also owns a 50% interest in Green Valley Ranch Station Casino, Aliante Station Casino and Hotel, Barley’s Casino & Brewing Company, The Greens and Wildfire Lanes in Henderson, Nevada and a 6.7% interest in the joint venture that owns the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages Thunder Valley Casino near Sacramento, California on behalf of the United Auburn Indian Community.

This press release contains certain forward-looking statements with respect to the Company and its subsidiaries which involve risks and uncertainties that cannot be predicted or quantified, and consequently, actual results may differ materially from those expressed or implied herein. Such risks and uncertainties include, but are not limited to, failure to obtain necessary bankruptcy court or gaming authority approvals, failure to obtain or loss of continued support of a plan by the Company’s stakeholders, delays in the confirmation or effective date of a plan due to factors beyond the Company’s control, failure to consummate a restructuring plan, failure to execute a restructuring plan, competition and other economic factors; and other risks described in the filings of the Company with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Report on Form 10-K, as amended, for the year ended December 31, 2008. All forward-looking statements are based on the Company’s current expectations and projections about future events. All forward-looking statements speak only as of the date hereof and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

LAS VEGAS – Frank Fertitta Jr., the founder of Station Casinos, Inc., passed away on Friday, August 21, 2009 at the age of 70.

Born October 30, 1938, in Beaumont, Texas, Mr. Fertitta is largely credited with the creation of the Las Vegas locals’ casino market. At a time when most casinos were located on the Las Vegas Strip or in downtown Las Vegas, he believed that if you provided locals with a convenient location, value for their dollar, a friendly atmosphere, and great customer service you didn’t need to be on the Strip and in downtown Las Vegas to be successful. His vision became a reality on July 1, 1976 with the opening of “The Casino,” a 5,000 square casino attached to the Mini-Price Motor Inn on west Sahara Avenue. The Casino quickly became a popular locals’ hangout and the Las Vegas locals’ market was born.

Fertitta arrived in Las Vegas with his wife Victoria (Vicki) in 1960 from Galveston, Texas. His first job was as a bellman at the Tropicana Hotel & Casino while he was learning to be a dealer. From 1960-1976 he served as a dealer and held other gaming positions including pit boss, baccarat manager and general manager at properties including the Stardust, the Tropicana, Circus Circus, the Sahara and the Fremont.

As the popularity of The Casino grew, Fertitta added bingo, a popular game with locals, and in 1977 changed the name of The Casino to the Bingo Palace. Fertitta’s knowledge of his customer, his instinct for marketing and his focus on customer service made the Bingo Palace an overwhelming success, which led to an almost continuous series of expansions, including the addition of hotel rooms, more restaurants and other entertainment amenities. In November 1983, Fertitta changed the name of the Bingo Palace to the Palace Station Hotel & Casino.

Through more than a dozen expansions over the years, Palace Station continued to grow and Mr. Fertitta’s sons, Frank III and Lorenzo, had the opportunity to learn the gaming business from their father. The Fertittas also studied how Las Vegas was developing and saw an opportunity to grow their business by replicating the experience guests enjoyed at Palace Station. Fertitta retired from Station Casinos in 1993 when his sons took the company public in what at that time was one of the largest initial public offerings in the gaming industry.

Although Fertitta retired from Station Casinos in 1993, he remained very active in other Fertitta family businesses as well as community and philanthropic affairs. Mr. Fertitta and his wife Vicki were deeply involved in and prided themselves on giving back to the Southern Nevada community. Although their personal and financial contributions were wide-ranging and many, their focus was on improving education and the quality of life in Southern Nevada—especially for children. They had significant involvement in the University of Nevada Las Vegas (UNLV), Bishop Gorman High School, Catholic Charities of Southern Nevada, Nevada Cancer Institute, Opportunity Village and St. Judes Ranch to name just a few.

Fertitta is survived by his wife of 51 years Victoria; daughter Delise Sartini (Blake); sons Frank Fertitta III (Jill) and Lorenzo (Teresa); and nine grandchildren including Blake Sartini II, Lorenzo Sartini, Sandra Sartini, Kelley-Ann Fertitta, Victoria Fertitta, Frank Fertitta IV, Lorenzo Fertitta Jr., Nicco Fertitta and Angelia Fertitta. He is preceded in death by his brother Joseph and is survived by sisters Olivia Deppe and Linda Ramirez.

Funeral plans are pending.