Owner of Station Casinos
Who Owns Station Casinos?
Station Casinos is a casino and hotel company based in Las Vegas, Nevada. The company was founded in 1976 by Frank Fertitta Jr. and Lorenzo Fertitta. The Fertitta family owns a majority stake in the company, with the remaining shares held by public shareholders.
Station Casinos’ History
Station Casinos began as a small casino in Henderson, Nevada. The company quickly grew, and by the early 1990s, it had become one of the largest casino operators in Las Vegas. In 1995, the Fertitta family acquired the Mirage Resorts, which included the Mirage, Treasure Island, and Bellagio casinos. In 2004, the company acquired the Mandalay Resort Group, which included the Mandalay Bay, Luxor, and Excalibur casinos.
Station Casinos’ Properties
Station Casinos owns and operates 10 casinos in Las Vegas, as well as several casinos in other states. The company’s properties include the following:
- The Palazzo
- The Venetian
- The Mirage
- Treasure Island
- Bellagio
- Mandalay Bay
- Luxor
- Excalibur
- The Orleans
- The Palms
Station Casinos’ Revenue
Station Casinos generated revenue of $5.6 billion in 2021. The company’s operating income was $520 million, and its net income was $250 million.
Station Casinos’ Leadership
The CEO of Station Casinos is Frank Fertitta III. The president of the company is Lorenzo Fertitta.
Station Casinos’ Acquisition by Caesars Entertainment
In 2022, Caesars Entertainment announced that it would acquire Station Casinos for $8.6 billion. The acquisition is expected to close in 2023.
Conclusion
Station Casinos is one of the largest casino operators in the United States. The company owns and operates 10 casinos in Las Vegas, as well as several casinos in other states. Station Casinos is expected to be acquired by Caesars Entertainment in 2023.
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