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Station Casinos to Issue 400 Million Dollars


Station Casinos, Inc. (NYSE: STN - News) ("Station" or "the Company") today announced it has agreed to issue $400 million of 7 3/4% senior notes due August 15, 2016. Proceeds from the sale of the notes will be used to reduce a portion of the amounts outstanding on the Company's revolving credit facility. Such borrowings were used for capital expenditures and general corporate purposes, including the repurchase of shares of our common stock previously authorized for repurchase by the Company's Board of Directors.

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 Red Rock Casino

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Gambling News

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Gambling FAQs 

I've heard of terms such as Muck, what does it mean?

The Constitution was amended to permit pari-mutuel horse racing when conducted on licensed race track enclosures. In 1958 the Constitution was again amended to permit bingo games conducted by nonprofit associations. In 1967 the Constitution was again amended to regulate raffles, lotteries and gift enterprises for charitable and community betterment purposes. Next in 1988 it was amended to permit simulcasting of horse races.
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 Daily Term

Marker

Definition:A check that can be written at a casino. Usually only available to established and trusted players.

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