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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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If the ball keeps landing on red, should I bet on black?

The Internet Fraud Complaint Center, a partnership between the FBI and the National White Collar Crime Center, operates a website and accepts complaints regarding Internet fraud. Their website is www.ic3.gov. You can also contact the regulatory and/or law enforcement agency responsible for overseeing Internet gambling in the country where the website operates its site from.
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 Daily Term

Slow Play

Definition:A form of bluffing. Not betting a lot, or at all, even when having a very hand.

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