Who Owns the Station Casinos?
The Station Casinos are a chain of casinos and hotels located in Nevada. They are owned by the Fertitta family, who also own the UFC. The company was founded in 1976 by Frank Fertitta Sr. and his two sons, Frank Jr. and Lorenzo. The company has grown to become one of the largest casino operators in the world, with over 50 properties in Nevada, New Jersey, and Illinois.
History of the Station Casinos
The Station Casinos were founded in 1976 by Frank Fertitta Sr. and his two sons, Frank Jr. and Lorenzo. The company’s first property was the Palace Station Hotel and Casino, which opened in Las Vegas in 1977. The company continued to grow throughout the 1980s and 1990s, opening new properties in Las Vegas and other parts of Nevada. In 2000, the company acquired the Mirage Resorts, which included the Mirage, Treasure Island, and Bellagio casinos.
In 2004, the Fertitta family sold the Station Casinos to Boyd Gaming for $2.4 billion. However, the Fertittas retained control of the company’s management. In 2014, the Fertittas bought back the Station Casinos from Boyd Gaming for $4.7 billion.
Current Ownership of the Station Casinos
The Station Casinos are currently owned by the Fertitta family. The family owns the company through their holding company, Red Rock Resorts. Red Rock Resorts also owns the Golden Nugget Las Vegas, the Palms Casino Resort, and the Hard Rock Hotel and Casino.
Station Casinos Properties
The Station Casinos own and operate over 50 properties in Nevada, New Jersey, and Illinois. The company’s properties include casinos, hotels, and restaurants. Some of the company’s most popular properties include the Red Rock Resort, the Green Valley Ranch Resort, and the Sunset Station Hotel and Casino.
Station Casinos Revenue
The Station Casinos generated revenue of $6.2 billion in 2021. The company’s revenue is derived from gaming, food and beverage, and hotel operations.
Station Casinos Expansion Plans
The Station Casinos are planning to expand their operations in Nevada, New Jersey, and Illinois. The company is currently developing a new casino resort in Las Vegas, and it is also planning to open new properties in Atlantic City and Chicago.
Conclusion
The Station Casinos are a major player in the casino industry. The company owns and operates over 50 properties in Nevada, New Jersey, and Illinois. The company is also planning to expand its operations in the coming years.
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