Station Changes Board Composition

Station Casinos, Inc. (“Station” or the “Company”) today announced that
Lee Isgur has been elected to its Board of Directors and that Glenn
Christenson and Delise Sartini have resigned from the Board. As a result
of these changes, the majority of the Company`s Board now consists of
independent directors. The independent members of the Company`s Board are
Lowell H. Lebermann, Dr. James Nave, Lynette Boggs-McDonald and Mr. Isgur.
The remaining members of the Board are Frank Fertitta III, Lorenzo
Fertitta and Blake Sartini. The Company also announced that Lorenzo
Fertitta has assumed the additional responsibilities of Vice Chairman of
the Board.
“Changing the Board composition to a majority of independent directors is
an important step and is reflective of our growth as a Company. We are
excited that Lee has chosen to join our Board. He brings a wealth of
financial expertise, as well as experience in the gaming, entertainment
and technology industries. Lee will serve as the “financial expert” on our
Board`s Audit Committee in accordance with the new disclosure requirements
under Sarbanes-Oxley. We are also fortunate that the Board will still have
access to Glenn Christenson in his continuing role as Chief Financial
Officer and to Delise Sartini in her role as one of the Company`s largest
shareholders,” said Frank Fertitta III, Chairman and Chief Executive
Officer of the Company.
Mr. Isgur, a CFA, has over thirty years of experience in research and
investment banking in the gaming, entertainment, and technology
industries. Since 1999, he has served on the Board of Directors of eDiets
and is a member of that company`s Executive Committee and chairs the Audit
and Compensation Committees. He is the Managing Partner of Corporate
Counselors, a research and investment banking consulting firm formed in
1997. From 1994 to 1997, Mr. Isgur was a Managing Director of Jeffries &
Company, an investment-banking firm. Prior to that, he was a Partner at
Volpe Welty & Company, a leading San Francisco research and investment
banking boutique known for its expertise in high technology industries.

Before moving to the West Coast, Mr. Isgur was the gaming, entertainment,
and leisure industries research analyst for nearly 14 years at Paine
Webber Mitchell Hutchins Inc., where he was First Vice President. There,
his financial community peers voted him as an “all-star” analyst for 10
consecutive years.

Over the course of his investment banking career, Mr. Isgur was involved
in a wide variety of transactions with numerous gaming and entertainment
companies including initial public offerings, mergers and acquisitions and
other banking activities. His clients included, among others, Bally
Casinos, Bally Gaming, Fitzgerald`s, Acclaim Entertainment, Monarch Hotel
& Casino, Rio Hotel and Casino, Station Casinos, Bally Manufacturing,
Carmike Cinemas, Electronic Arts, Golden Nugget, Harrah`s, and King World
Entertainment (now Viacom). Mr. Isgur has not performed any services for
the Company since prior to 1995.
Since 2001 he has been a Principal and CFO of Marche, a Menlo Park,
California restaurant, he helped found and organize.

Mr. Isgur graduated from the Amos Tuck School of Business at Dartmouth
College, Hanover, NH with an MBA, and received a BA in economics from Reed
College, Portland, Oregon. He lives with his wife Barbara in Woodside,
California.

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 Palace Station Hotel & Casino, Boulder
Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Casino
and Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, Texas
Station Gambling Hall & Hotel and Fiesta Rancho Casino Hotel in North Las
Vegas, Nevada, and Sunset Station Hotel & Casino and Fiesta Henderson
Casino Hotel in Henderson, Nevada. Station also owns a 50 percent interest
in both Barley`s Casino & Brewing Company and Green Valley Ranch Station
Casino in Henderson, Nevada and a 6.7 percent interest in the Palms Casino
Resort in Las Vegas, Nevada. In addition, the Company manages the Thunder
Valley Casino for the United Auburn Indian Community just outside
Sacramento, California.

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