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STATION CASINOS, INC. INITIAL PUBLIC OFFERING DECLARED EFFECTIVE

 LAS VEGAS, May 25 /PRNewswire/ -- Frank J. Fertitta III, chairman and chief executive officer of Station Casinos, Inc. today announced that the registration statement relating to the company's initial public offering of 14,700,000 shares of its common stock, of which 4,291,800 will be issued and sold by the company and 10,408,200 will be sold by a selling stockholder, was declared effective yesterday by the Securities and Exchange Commission.
 The shares will be sold to the public for $20 per share. The common stock will commence trading today on the NASDAQ under the symbol "SCNO," but will recommence trading on the NASDAQ under the symbol "STCI" beginning on Wednesday, May 26, 1993.
 The offering is being made through a syndicate of underwriters co- managed by Salomon Brothers Inc., Donaldson, Lufkin & Jenrette Securities Corporation and Volpe, Welty & Company.
 The public offering of the common stock is being conducted concurrently with a public offering of $110 million principal amount of 9-5/8 percent senior subordinated notes due 2003 issued by the company. The registration statement relating to the notes also was declared effective yesterday by the Securities and Exchange Commission.
 Station Casinos, Inc. is a multi-jurisdictional gaming enterprise that owns and operates the Palace Station Hotel and Casino in Las Vegas, as well as slot machine route management, vending and payphone service businesses in southern Nevada and Louisiana. The company intends to use the net proceeds of the public offerings, together with borrowings under a new bank credit facility, to repay existing indebtedness of a subsidiary and to finance two major development projects: St. Charles Riverfront Station, a riverboat gaming and entertainment complex to be located in the metropolitan St. Louis area at St. Charles, Mo., and Boulder Station, a new Las Vegas hotel and casino to be strategically located on the opposite side of Las Vegas from Palace Station.
 Copies of the prospectuses contained the registration statements may be obtained from Mr. Glenn Christenson, Chief Financial Officer, Station Casinos, Inc., 2411 West Sahara Avenue, Las Vegas, Nev. 89102.
 -0- 5/25/93
 /CONTACT: Joseph P. McNamara, vice president of corporate communications, or Glenn Christenson, vice president and chief financial officer of Station Casinos, 800-544-2411/
 (SCNO)


CO: Station Casinos, Inc. ST: Nevada IN: CNO SU: OFR

PS -- NY013 -- 1952 05/25/93 07:31 EDT
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Publication:PR Newswire
Date:May 25, 1993
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