Sunset station hotel casino. Station Casino Gears Up for IPO After 8 Years off the Market - 24,7 Wall St.

Station Casinos Corp. filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) in regards to its initial public offering. There were no pricing details mentioned in the filing but the offering is valued up to $100 million. The company has yet to decide which exchange it will list its stock or under which symbol. Station casino.

The underwriters for the offering are Deutsche Bank, J.P. Morgan, Merrill Lynch, and Goldman Sachs.

This is a leading gaming, development and management company operating 21 strategically located casino and entertainment properties. It has developed over $5 billion of regional gaming and entertainment destinations in multiple jurisdictions. Additionally, Station Casinos is an established leader in Native American gaming, managing facilities in northern California and western Michigan.

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The company began operations in 1976 with a 5,000-square-foot casino featuring 100 slot machines and has grown through development and acquisitions to become a premier provider of gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes nine major gaming and entertainment facilities and 10 smaller casinos (three of which are 50% owned), offering approximately 19,500 slot machines, 300 table games and 4,000 hotel rooms.

These Las Vegas properties are broadly distributed throughout the market and easily accessible, with over 90% of the Las Vegas population located within five miles of one of its gaming facilities. Most of the major properties are master-planned for expansion, enabling Station Casinos to incrementally expand its facilities as demand dictates. The company also owns or controls six highly desirable gaming-entitled development sites consisting of approximately 290 acres in Las Vegas and Reno, Nev.

Sunset station hotel and casino

Previous this was a publicly traded company in 1993 and, following a significant period of development and expansion between 1993 and 2007, was taken private in 2007 in a management-led buyout. Affected by the financial crisis between 2008 and 2011, it completed a restructuring in June 2011 and is now ready to get back on the market.

Station Casinos intends to use the net proceeds from this offering to acquire newly issued LLC Units in Station Holdco, pay a portion of the total consideration for the Fertitta Entertainment Acquisition, and purchase LLC Units from certain of its existing owners.

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Posted by at 07:21PM

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