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EXHIBIT 99.1
Press Release
Thursday, January 4
Station Casinos Closes Purchase of Fiesta Casino Hotel
LAS VEGAS, Jan. 4/PRNewswire/ --Station Casinos, Inc. ("Station" or "the
Company") (NYSE: STN-news) today announced that it consummated its acquisition
of the Fiesta Casino Hotel in North Las Vegas, Nevada.
The Fiesta Casino Hotel is located at the intersection of Lake Mead
Boulevard and Rancho Road in North Las Vegas, near the Texas Station Gambling
Hall & Hotel. Situated on 25 acres, the Fiesta currently offers approximately
70,000 square feet of casino space featuring 1,900 gaming devices and 30 table
games, 100 guest rooms, four full-service restaurants, a buffet, several
fast-food outlets, bingo and a race and sports book. The property will retain
the Fiesta name and theme.
Station Casinos, Inc. is headquartered in Las Vegas where it owns and
operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Texas
Station Gambling Hall & Hotel, Santa Fe Hotel & Casino, the Wild Wild West
Gambling Hall & Hotel and Sunset Station Hotel & Casino in Henderson, Nevada, as
well as slot route management services in Clark County, Nevada.
This press release may be deemed to contain certain forward-looking
statements with respect to the business, financial condition, results of
operations, acquisitions, and expansion projects of the Company which involve
risks and uncertainties including, but not limited to, licensing and other
regulatory risks. Further information on potential factors, which could affect
the business, financial condition, results of operations, acquisitions and
expansion projects of the Company, are included 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 for the year ended December 31, 1999, and
its Registration Statement on Form S-4 File No. 333-41588.
