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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 FAQs 

If a casino discharges a gaming debt, is this a reportable transaction?

A sit and go tournament is a tournament that requires players to buy in with a certain fee. The combination of everyone's buy in creates the prize for whoever wins. Everyone is then given an equal amount of chips, which may be completely different from the buy in amount. The winner is the one who remains after everyone else loses their chips. For example, let's say there is a Sit and Go tournament with a buy-in of $10, and 10 people play. Everyone gets maybe 50 chips. The winner at the end wins the prize pool, a total of $100 ($10 x 10 people = $100)
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Straight Flush

Definition:To have 5 cards that are in numerical order, as well as the same suit.

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