Station Casinos, Inc. and Perini Building Company Top Off Red Rock Resort Spa Casino

Construction continues on Red Rock Resort Spa Casino, located in the northwest Las Vegas valley. Station Casinos, Inc. expects to complete the resort in early 2006. (Photo: Business Wire)

LAS VEGAS--()--March 24, 2005--The Red Rock Resort Spa Casino today reached a significant construction milestone as the last steel beam and an American flag were hoisted to the top of the luxury resort. Representatives from Station Casinos, Inc. (NYSE: STN) and Perini Building Company, a wholly owned subsidiary of Perini Corporation (NYSE: PCR) joined more than 800 craftspeople at the topping out ceremony.

"While today marks a significant step in the construction of Red Rock Resort Spa Casino, it is also an opportunity for us to show our appreciation to all of those who have contributed their artistic and trade expertise to this facility," said Glenn Christenson, executive vice president and chief financial officer for Station Casinos, Inc. "Despite inclement weather, this project remains on schedule. That is testament to the extraordinary commitment of the team of individuals working on Red Rock and we celebrate their professionalism today," added Christenson

Scheduled for completion in early 2006, Red Rock Resort Spa Casino is located on approximately 70 acres at the intersection of I-215 and West Charleston Boulevard in the northwest area of the Las Vegas Valley and is set against the backdrop of the Red Rock Mountains. The Friedmutter Group architectural firm, who also participated in the design of the popular Green Valley Ranch Station Resort Casino & Spa in Henderson, Nevada, designed the resort to blend in with the surrounding environment.

Station Casinos, Inc. recently announced that due to greater than expected demand, it is accelerating the Phase II expansion of Red Rock. The project will now include over 2,800 slot machines, approximately 850 hotel rooms, 94,000 square feet of meeting and convention space, a 35,000 square-foot spa, nine full service restaurants, 16-screen movie theater complex, a night club and private pool club to be operated by Midnight Oil Company (the operator of the "Whiskey" bars and clubs at Green Valley Ranch and in New York and Los Angeles), both indoor and outdoor entertainment venues and parking for almost 5,500 vehicles. The Red Rock Resort Spa Casino will employ approximately 2,000 team members.

Based on increased amenities, an upgrade in the quality of the finishes throughout the project, general increases in construction costs and the addition of the Phase II expansion, the total cost of Red Rock is now expected to be approximately $800 million.

About Perini Corporation

Perini Corporation and its companies (Perini Building Company, Perini Civil and Perini Management Services, Inc.) provide general contracting, including building and civil construction, construction management and design-build services to private clients and public agencies in the United States and selected overseas locations. Please visit: www.perini.com for more information.

About Friedmutter Group

Friedmutter Group Architecture and Design Studios provide Master Planning, Architecture, Interior and Exterior Design, Graphics and Branding to the hospitality industry. Offices are located in Las Vegas, Atlantic City, Newport Beach, CA and Chicago. Friedmutter Group specializes in Hospitality, Casino, Hotel and Entertainment projects, working with the top gaming companies in the industry including Station Casinos, Harrah's Entertainment, Caesars Entertainment, MGM Grand/Mirage Resorts, Isle of Capri, Ritz Carlton, as well as many Native American clients. More information on Friedmutter Group can be found at www.friedmuttergroup.com.

About Station Casinos, Inc.

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, Fiesta Henderson Casino Hotel, Magic Star Casino and Gold Rush Casino in Henderson, Nevada. Station also owns a 50% interest in both Barley's Casino & Brewing Company and Green Valley Ranch in Henderson, Nevada and a 6.7% interest in the Palms Casino Resort in Las Vegas, Nevada. In addition, Station manages the Thunder Valley Casino near Sacramento, California on behalf of the United Auburn Indian Community.

Contacts

For Perini
Papagalos Strategic Communications
Ann Papagalos, 602-279-2934
or
Station Casinos, Inc.
Lesley Pittman, 702-367-2437

Contacts

For Perini
Papagalos Strategic Communications
Ann Papagalos, 602-279-2934
or
Station Casinos, Inc.
Lesley Pittman, 702-367-2437