Online Casino Wikipedia
Station Casinos, LLC is an American Hotel and Casino Company based in Las Vegas suburb of Summerlin South, Nevada, and Founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that.
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| Type | Limited liability company |
|---|---|
| Industry | Gaming and hospitality |
| Founded | July 1, 1976; 45 years ago Las Vegas, Nevada, U.S. |
| Founder | Frank Fertitta Jr. |
| Headquarters | Summerlin South, Nevada, U.S. |
| California Nevada | |
Key people | Frank Fertitta III (CEO) Lorenzo Fertitta (Chairman) |
| Revenue | US$1.38 billion (2014)[1] |
| Owner | Frank Fertitta III(29%) Lorenzo Fertitta(29%) Deutsche Bank(25%) Fidelity Investments(9%) Oaktree Capital Management(6%)[2] |
| 11,600 (2015)[3] | |
| Divisions | Fiesta Casinos Wildfire Gaming |
| Website | stationcasinos.com |
| Nasdaq: RRR (Class A) Russell 2000 Component | |
| Founded | April 26, 2016; 5 years ago |
|---|---|
| Website | redrockresorts.com |
Station Casinos, LLC is an AmericanHotel and CasinoCompany based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr.[4][5] Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station Casinos has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. (Nasdaq: RRR) is a publicly traded holding company that owns a portion of Station Casinos.
History[edit]
The company started out as a locals casino operator on July 1, 1976, founded by Frank Fertitta Jr. Its first casino was the Bingo Palace, which was later renamed Palace Station.
On December 4, 2006, Fertitta's sons, Frank Fertitta III and Lorenzo Fertitta, and Colony Capital LLC, operating as Fertitta Colony Partners, made a highly leveraged offer to purchase all existing shares at $82 per share and take the company private.[6] The Fertitta brothers, their sister Delise Sartini, and Blake L. Sartini, her husband, with a combined investment of $870.1 million, purchased a 25% stake in Fertitta Colony Partners. Colony Capital contributed $2.6 billion for a 75% share.[7]
On July 28, 2009, Station Casinos filed for Chapter 11 bankruptcy. Station Casinos' filing listed $5.7 billion in assets against $6.5 billion in debt. The filing said the company had 510 holders of unsecured and subordinate debt totaling $4.4 billion.[8]
Station Casinos exited bankruptcy on June 17, 2011, with $4 billion less in debt and with creditors putting the company's 18 casinos back in the hands of the Fertitta family and their partners. The Fertitta brothers agreed to put nearly $200 million in the reassembled company and now own 45 percent of its shares. The other new equity owners include the company's main lenders, Deutsche Bank AG, which holds 25 percent; JPMorgan Chase with a 15 percent stake; and former bondholders with an additional 15 percent, according to lawyers on the deal.[9]
Station Casinos announced on October 13, 2015, that it would return to the stock market with an initial public offering.[10] On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange.[11]
On May 10, 2016, Station Casinos agreed to purchase the Palms Casino Resort for $313 million.[12][13] In May 2021 Station's affiliate Red Rock Resorts announced plans to sell The Palms to the San Manual Band of Mission Indians.[14]
Current casinos[edit]
| Casino | Brand | Gaming area | Opening date | Acquisition date | Previous names | Previous owners and operators |
|---|---|---|---|---|---|---|
| Boulder Station | Station Casinos | 89,443 sq ft (8,309.5 m2) | August 23, 1994; 27 years ago | N/A | None | None |
| Green Valley Ranch | Station Casinos | 143,891 sq ft (13,367.9 m2) | December 18, 2001; 19 years ago | N/A | None | None |
| Mount Rose Station | Station Casinos | 165,000 sq ft (15,300 m2) | TBD | N/A | None | None |
| Palace Station | Station Casinos | 84,000 sq ft (7,800 m2) | July 1, 1976; 45 years ago | N/A | The Casino (1976–1977) and Bingo Palace (1977–1984) | None |
| Palms Casino Resort | Station Casinos | 94,840 sq ft (8,811 m2) | November 15, 2001; 19 years ago | October 1, 2016; 5 years ago | None | Leonard Green & Partners (2011–2016), Maloof family (2001–2016) and TPG Capital (2011–2016) |
| Red Rock Casino, Resort & Spa | Station Casinos | 118,309 sq ft (10,991.3 m2) | April 18, 2006; 15 years ago | N/A | None | None |
| Santa Fe Station | Station Casinos | 151,001 sq ft (14,028.5 m2) | February 14, 1991; 30 years ago | October 2, 2000; 21 years ago | Santa Fe (1991–2000) | Santa Fe Gaming (1991–2000) |
| Station Casino Reno | Station Casinos | 84,000 sq ft (7,800 m2) | TBD | N/A | None | None |
| Sunset Station | Station Casinos | 162,173 sq ft (15,066.4 m2) | June 10, 1997; 24 years ago | N/A | None | None |
| Texas Station | Station Casinos | 121,823 sq ft (11,317.7 m2) | July 12, 1995; 26 years ago | N/A | None | None |
| Graton Resort & Casino | Federated Indians of Graton Rancheria | 340,000 sq ft (32,000 m2) | November 5, 2013; 7 years ago | N/A | None | None |
| Fiesta Henderson | Fiesta Casinos | 73,450 sq ft (6,824 m2) | February 10, 1998; 23 years ago | January 4, 2001; 20 years ago | The Reserve (1998–2001) | Ameristar Casinos (1998–2001) |
| Fiesta Rancho | Fiesta Casinos | 59,932 sq ft (5,567.9 m2) | December 14, 1994; 26 years ago | January 4, 2001; 20 years ago | Fiesta (1994–2001) | Maloof family (1994–2001) |
| Wildfire Casino | Wildfire Gaming | 6,800 sq ft (630 m2) | January 27, 2003; 18 years ago | Unknown | Unknown | Unknown |
| Wildfire Lanes | Wildfire Gaming | 6,750 sq ft (627 m2) | June 26, 2008; 13 years ago | Unknown | Renata's Bowling | Unknown |
| Wildfire Boulder | Wildfire Gaming | 6,700 sq ft (620 m2) | Unknown | August 2, 2004; 17 years ago | Magic Star Casino | Unknown |
| Barley's | Wildfire Gaming | 5,190 sq ft (482 m2) | January 18, 1996; 25 years ago | N/A | None | None |
| Wildfire Sunset | Wildfire Gaming | 4,700 sq ft (440 m2) | August 2, 2004; 17 years ago | Unknown | The Gold Rush | Unknown |
| Lake Mead Lounge | Wildfire Gaming | 3,500 sq ft (330 m2) | Unknown | Unknown | Unknown | Unknown |
| The Greens Cafe | Wildfire Gaming | 1,088 sq ft (101.1 m2) | N/A | Unknown | None | Unknown |
| Wild Wild West Gambling Hall & Hotel | Wildfire Gaming | 11,250 sq ft (1,045 m2) | July 6, 1998; 23 years ago | Unknown | Unknown | Unknown |
- Although not branded fully separately, Green Valley Ranch, Palace Station, Palms Casino Resort and Red Rock Resort are in a distinctly different upscale market niche from the other Station Casinos.
Former casinos[edit]
| Brand name | Casino | Gaming area | Opening date | Closing date | Current names | Previous names | Current owners and operators | Previous owners and operators | Acquired | Acquisition dates | 50% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Station Casinos | Aliante Station | 125,000 sq ft (11,600 m2) | November 11, 2008; 12 years ago | N/A | Aliante Casino and Hotel (2012–present) | None | Boyd Gaming (2016–present) | Aliante Gaming (2012–2016) Apollo Global Management (2012–2016) Standard General (2012–2016) TPG Capital (2012–2016) | No | November 1, 2012; 8 years ago September 27, 2016; 5 years ago | No |
| Station Casinos | Castaways | 35,000 sq ft (3,300 m2) | September 3, 1954; 67 years ago | January 29, 2004; 17 years ago | None | Showboat (1954–2000) | Station Casinos (2004–present) | Unknown | Yes | October 1, 2004; 17 years ago | No |
| Station Casinos | Station Casino Kansas City | 140,000 sq ft (13,000 m2) | January 16, 1997; 24 years ago | N/A | Ameristar Casino Kansas City (2000–present) | None | Gaming and Leisure Properties (2016–present) Boyd Gaming (2018–present) | Ameristar Casinos (2000–2013) Pinnacle Entertainment (2013–2018) | No | December 19, 2000; 20 years ago | No |
| Station Casinos | Station Casino St. Charles | 130,000 sq ft (12,000 m2) | May 27, 1994; 27 years ago | N/A | Ameristar Casino St. Charles (2000–present) | None | Gaming and Leisure Properties (2016–present) Boyd Gaming (2018–present) | Ameristar Casinos (2000–2013) Pinnacle Entertainment (2013–2018) | No | December 19, 2000; 20 years ago | No |
| United Auburn Indian Community | Thunder Valley | 144,500 sq ft (13,420 m2) | June 9, 2003; 18 years ago | N/A | None | None | United Auburn Indian Community (2003–present) | Station Casinos (2003–2010) | No | N/A | No |
Development sites[edit]
All the Nevada sites below are gaming-entitled, unless otherwise noted. Gaming-entitled means that a casino can be built on that location without special approvals.
- Las Vegas area
- Flamingo Road – At Clark County 215 and Town Center Drive in Summerlin South.
- Durango Station – On South Durango Drive at Clark County 215 in Spring Valley near the Rhodes Ranch planned community. Announced plans for a bowling alley and movie theater at this location. The design is shown to be similar to that of the Red Rock Resort.[15]
- Siena – Across from the Siena age-restricted community on Town Center Drive in Summerlin.
- Wild Wild West – At the intersection of Dean Martin Drive and West Tropicana Avenue in Paradise. Due to the special proximity of this site to the Las Vegas Strip, Station intends to build a tourist-oriented megaresort on this site.
- Reno area
- Station Casino Reno – Across from the Reno-Sparks Convention Center, at the intersection of Kietzke Lane and South Virginia Street. An 8-acre (3.2 ha) site acquired in 2005.[16][17]
- Mount Rose Station – Across from The Summit, at the intersection of Mount Rose Highway and South Virginia Street. An 88-acre (36 ha) site acquired in 2005.[16][18][19]
Officers[edit]
- Station Casinos
- Frank Fertitta III, Chief Executive Officer and President
References[edit]
- ^Form 10-K: Annual Report (Report). Station Casinos LLC. March 10, 2015. p. 51. Archived from the original on May 17, 2015 – via EDGAR.
- ^Form 10-K: Annual Report (Report). Station Casinos LLC. March 10, 2015. pp. 117–118. Archived from the original on May 17, 2015 – via EDGAR.
- ^Form 10-K: Annual Report (Report). Station Casinos LLC. March 10, 2015. p. 15. Archived from the original on May 17, 2015 – via EDGAR.
- ^'Interactive Map Viewer'. City of Las Vegas. Retrieved November 28, 2014.
- ^'Map'. Station Casinos. Retrieved November 28, 2014.
- ^Lipton, Joshua (December 4, 2006). 'Founders Lead Station Casinos Bid'. Forbes. Retrieved November 28, 2014.
- ^Knightly, Arnold M. (May 8, 2007). 'Fertittas will cash, take stake'. Las Vegas Review-Journal. Retrieved November 28, 2014.
- ^Knightly, Arnold M. (July 28, 2009). 'Station Casinos files for Chapter 11'. Las Vegas Review-Journal. Retrieved November 28, 2014.
- ^Triedman, Julie (June 20, 2011). 'After Two Rocky Years, Station Casinos Exits Bankruptcy'. The Am Law Daily. Retrieved November 28, 2014.
- ^Stutz, Howard (October 13, 2015). 'Station Casinos announces plans for an initial public offering'. Las Vegas Review-Journal. Retrieved October 14, 2015.[dead link]
- ^Driebusch, Corrie. 'Red Rock IPO Prices in Line With Casino Operator's Target'. The Wall Street Journal. Dow Jones & Company, Inc. Retrieved April 27, 2016.
- ^Morris, J.D. (May 10, 2016). 'Palms sold to Station Casinos for $312.5 million'. Vegas Inc. Retrieved May 10, 2016.
- ^'Red Rock Resorts announces agreement to acquire Palms Casino Resort' (Press release). Red Rock Resorts. May 10, 2016. Archived from the original on June 25, 2016. Retrieved May 10, 2016 – via EDGAR.
- ^'Red Rock agrees $650m Palms Casino sale to San Manuel Band of Mission Indians'. IGB North America. Retrieved 27 May 2021.
- ^'Durango Station Casino & Resort'. Mevold Studio. Archived from the original on December 14, 2014. Retrieved December 14, 2014.
- ^ ab'CFA - Hospitality Projects'. CFA, Inc. Archived from the original on May 5, 2016. Retrieved November 28, 2014.
- ^'Station Casino at the Convention Center'. Emporis GmbH. Retrieved November 28, 2014.
- ^'Mount Rose Station Hotel Casino'. Emporis GmbH. Retrieved November 28, 2014.
- ^Voyles, Susan (October 28, 2010). 'Proposed Station casino receives 5-year extension'. Reno Gazette-Journal. Archived from the original on November 14, 2014. Retrieved November 28, 2014.
External links[edit]
| Industry | Gambling |
|---|---|
| Founded | 1970 |
| Headquarters | |
Number of locations | 53 |
| 6,349 | |
| Parent | The Rank Group |
| Website | grosvenorcasinos.com |
Established in 1970,[1]Grosvenor Casinos (formerly County Clubs and Grosvenor Clubs) is a UK-based chain of 53 casinos located in major towns and cities across the UK, with two unbranded sister casinos located in Belgium. Grosvenor Casinos is owned by The Rank Group who operate exclusively in the casino, bingo and online gaming industries across Belgium, Spain and the UK.
As of June 2014, revenue was reported at £391.2m, with an operating profit of £56.8m - coming from a total of over 1.7 million customers per year.[2] Of these 1.7 million customers, over 8.5 million customer visits occur every year. The Grosvenor casino network currently employs over 6,300 employees across the UK. Their online casino hosts over 250 games with themes spanning from traditional roulette, blackjack and poker - to the more modern slot styles and live gaming. Grosvenor are licensed and regulated by the UK Gambling Commission.[3]
Originally ‘County Clubs’, the casinos came to be known as ‘Grosvenor Clubs’ and in 1969 on 2 January, Grosvenor Clubs officially changed name to ‘Grosvenor Casinos’.
Grosvenor Casinos is currently the shirt sponsor for Fulham F.C. Grosvenor signed a deal to become the London club's main team partner in July 2017.
History[edit]
Acquisition of the Ricoh Arena casino[edit]
In April 2009 Grosvenor purchased the casino inside the Ricoh Arena complex in Coventry for £650,000.[4]
Leaving the British Casino Association[edit]
During 2009, Grosvenor Casinos announced they were leaving the now defunct British Casino Association (BCA). The BCA existed to promote casino best practice and influence UK government legislation surrounding gambling. Reportedly the BCA began to fail in promoting and improving the casino industry, and once annual membership fees were raised to £140,000, it saw the departure of Grosvenor, just as the large Gala Coral Group had withdrawn in October 2008.[5]
Loyalty card scheme[edit]
In May 2012, the first roll out of a new plastic card service in Grosvenor Casinos was implemented with ‘Grosvenor Play Points’ entering 35 casinos across the UK. This came as a result of the Grosvenor Casinos and Play Points brands merging to create one loyalty card.[6]
Gala takeover[edit]
Grosvenor Casinos completed their takeover of 19 casinos from the Gala Coral Group across the UK on 12 May 2013 [7] making them the largest casino network in the UK. A similar deal to acquire 23 casinos from Gala had previously stalled in 2012 due to a decision by the Competition Commission and OFT.[8] The revised deal in 2013 saw 4 casinos removed from the agreement.
Redtooth partnership[edit]
On 28 April 2014, Grosvenor Casinos announced a two-year partnership with the world's largest live pub poker tournament group Redtooth Poker. Grosvenor Casinos hosted the regional and national UK finals and online events. The move integrated Redtooth Poker and Grosvenor's own poker tournament, the Grosvenor UK Poker Tournament (GUKPT).[9][dead link]
Live events[edit]
On 25 March 2011, Grosvenor Casinos announced they were to host new poker event called the Goliath. Designed to attract up to 1,500 players, the Goliath had an initial buy-in at £100 + £20 and offered a guaranteed prize pool of £100,000, with 25% of the registration fee going to the Marie Curie Cancer Care charity.[10] The most recent Goliath event in 2014 became the largest poker tournament ever held outside of the US with a total of 3,394 players entering.[11] For the 2015 event Grosvenor estimate over 4,000 participants will enter.[12]
Grosvenor employees also played the highest poker tournament on record at the top of Mount Snowdon in September 2011. The 3,500 ft. stunt was attempted to raise money for the Marie Curie Cancer Care charity, with a total of £11,000 being collected.[13]
Controversy[edit]
In December 2006 staff walked out of four Grosvenor Casinos in London in a dispute over pay increases.[14] A month later, around 300 workers went on strike over the same ongoing dispute.[15]
In September 2014 Northern Ireland's Social Development Minister, Nelson McCausland, dismissed the idea that a Grosvenor Casino could open due to the ongoing ban on casinos.[16]
Technology[edit]
In November 2011, Grosvenor installed software that would spot cheating at roulette tables. Developed by Ipsotek, the software detects a cheat called 'top-hatting', as well as detecting cheating after 'last bets' has been called. The software is linked to CCTV cameras monitoring the table at all times.[17]
In October 2012, Grosvenor introduced a new product to the casino industry, Pinball Roulette machines. The new machine offers single player roulette game and the ball is launched by a pinball-style trigger into the wheel. The main feature of the product is that it offered the player control over when they wished to spin the ball. Thirty of the machines, developed by Austrian Gaming Industries, were installed at 22 clubs across the UK.[18]
During November 2013, Evolution Gaming joined Grosvenor Casinos to create a ‘Live Casino’ targeting players on their online casino.[19] The games include blackjack, roulette and baccarat and are available 24hrs a day, 7 days a week. The live game system is designed to produce an environment more closely matching a real casino experience.
In July 2013, Grosvenor Casinos in London, Reading and Coventry created the world's first multi-site cloud casino experience called the IGT Cloud. The new technology offers analytical reporting tools which offer insight into product performance on a game-by-game basis. Operators can remotely change the games on the floor to provide a more customized gambling experience.[20]
Grosvenor Casinos partnered with Tensator in 2014 to create virtual casino hosts. The Tensator Virtual Assistant Ultra stands 50 cm x 50 cm and replicates a live game in real time. The assistant also offers a range of information for players and other frequently asked questions.[21]
In February 2014, The Rank Group and Grosvenor Casinos joined with Jumio to use their Netverify solution. This was integrated into the casino's online database and is designed to provide customers with a more efficient identification procedure. Customers are required to scan their passport or driving licence via their device camera, and Netverify then authenticates it using a range of security features.[22]
In November 2016 Grosvenor Casinos has confirmed the launch of new sports betting offering for its online and land-based players.[23]
Awards[edit]
International Gaming Awards[edit]
Grosvenor and Rank were awarded the 'Casino Operator of the Year' award at the 2013 International Gaming Awards.[24] Rank Group were awarded the 'Socially Responsible Operator of the Year Land Based' award in 2014 and 2015.[25][26]
Women in Gaming Awards[edit]
Grosvenor Casinos’ HR team were awarded Team of the Year at the Women in Gaming independent annual awards in June 2012. The team, led by Fiona Regan Head of HR, were awarded for their successful Hearts and Minds initiative, which focused on internal and employee recognition.[27]
In 2014 they won the same award whilst also picking up the Inspiration of the Year award.[28]
References[edit]
Online Casino Wikipedia
- ^'Rank - Grosvenor Casinos'. Rank.com.
- ^'Rank - Grosvenor Casinos'. Rank.com.
- ^'Gambling Commission'. Gambling Commission.
- ^'Sold Ricoh casino in £1m revamp'. BBC News.
- ^'Casino operator's withdrawal leaves trade body floundering'. Financial Times.
- ^'Grosvenor Casinos places bet on Plastic Card Services'.
- ^'Mecca Bingo owner Rank buys Gala casinos for £205m'. BBC News.
- ^'Rank takeover of Gala sent to Competition Commission - BBC News'.
- ^'Redtooth wins at Grosvenor Casino'. The Star.
- ^'1,500 Runner Grosvenor Goliath Announced in Coventry'. UK Poker News.
- ^'World poker: Goliath smashes record for biggest poker tournament held outside US'. The Mirror.
- ^'Goliath Poker Tournament 2015'. Retrieved 14 July 2015.
- ^'Stakes are high for Snowdon poker'. Wales Online.
- ^'Casino staff to strike in row over pay deal'. The Guardian.
- ^'Casino staff walk out over pay'. BBC News.
- ^'Nelson McCausland says casino ban will not be removed'. BBC News.
- ^'Casino cheats snared by smart camera system'. New Scientist.
- ^'G Casinos get pinball roulette'. InterGame.
- ^'UK – Evolution doubles Grosvenor's online live dealer offer'. G3.
- ^'Grosvenor Casinos to manage gaming machines from the cloud'. TechWorld.com.
- ^'Tensator's Virtual Assistant proves safe bet for Grosvenor Casinos'. Tensator.
- ^'Rank identify Jumio as new partners'. SBC News.
- ^'Grosvenor Casinos launches new sportsbook with Kambi'. SBC News. 16 November 2016.
- ^'IGA Winners 2013'. Gaming-Awards.com.
- ^'IGA Winners 2014'. Gaming-Awards.com.
- ^'IGA Winners 2015'. Gaming-Awards.com.
- ^'Grosvenor Casinos HR team wins prestigious award'. InterGame.
- ^'WIG Winners 2014'. Gaming-Awards.com.