"We believe this is the best locals gaming and entertainment site in the valley. This is an exciting day not only for our Company but also for our team members and residents of the northwest Las Vegas valley who will soon be able to enjoy Station-style entertainment closer to where they live," said Frank Fertitta III, chairman and CEO of Station Casinos.
The $450 - $475 million Red Rock Station Resort will be located at the intersection of I-215 and West Charleston Boulevard and represents Station Casinos' entry into the northwest portion of the valley. The resort will employ more than 2,000 team members and include an 87,000 square foot casino with 2,700 slot and video poker machines, 60 gaming tables, a state-of-the-art race and sports book, a 12-table poker room and a 600-seat bingo parlor. The resort will also include 400 hotel rooms, 10 full-service restaurants, a nightclub, a 16-screen Regal Cinemas and a childcare facility. The property will feature 40,000 square feet of meeting and convention space, a 20,000 square foot full-service spa, salon and workout facility. The resort's pool and beach areas will feature private poolside cabanas, two poolside bars and a poolside cafe.
"Red Rock Station will be a category-killer. We are taking everything we've learned throughout the last two decades and improving upon it, which will once again raise the standard of entertainment options for our local and regional customers," said Fertitta. "While we will be bringing new and exciting restaurant concepts to the Summerlin area for our local customers, Red Rock Station's superior quality and range of amenities will also attract guests from throughout the region," said Fertitta.
Red Rock Station is expected to be completed in early 2006. Some of the nation's most prestigious firms are involved in designing Red Rock Station, including Portland-based Architropolis, Las Vegas-based The Friedmutter Group and SADI, all of whom also participated in the design of Green Valley Ranch Station Casino in Henderson, Nevada.
The resort will be the heart of Summerlin Center, Summerlin's 400 acre downtown urban mixed use center, that at buildout will feature a regional retail center, Class A office buildings and mid-rise residential.
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 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, Nevada, Texas Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta Henderson Casino Hotel in Henderson, Nevada. Station also owns a 50 percent interest in both Barley's Casino & Brewing Company and Green Valley Ranch Station Casino in Henderson, Nevada and a 6.7 percent interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino in Sacramento, California on behalf of the United Auburn Indian Community.
This press release contains certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, acquisitions and expansion projects of the Company and its subsidiaries which involve risks and uncertainties including, but not limited to, financial market risks, the ability to maintain existing management, integration of acquisitions, competition within the gaming industry, the cyclical nature of the hotel business and gaming business, economic conditions, regulatory matters and litigation 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 for the year ended December 31, 2002, and its Registration Statement on Form S-4 File No. 333-66140. Additional financial information, including presentations from recent investor conferences, is available in the "Investors" section of the Company's website at www.stationcasinos.com.