Station Casinos, Inc. (“Station” or the “Company”) today announced
expansion projects totaling $56 million for its Santa Fe Station Hotel &
Casino and Fiesta Rancho Casino Hotel properties.

The $50 million expansion of Santa Fe Station will add more than 20,000
square feet of additional casino space, 350 slot machines, a new 16-screen
Century Theaters complex with private viewing rooms, an upgrade of the
property`s 49,000 square foot bowling center, a new 6,400 square foot
entertainment venue and bar, a new player`s promotion area and a new 6,600
square foot Kids Quest facility.

Construction work at the Santa Fe is expected to begin in January 2004 and
be completed by March 2005.

“When we purchased the Santa Fe in 2000, we envisioned a number of
enhancements to the property to make it a complete regional entertainment
destination for locals,” said Frank Fertitta, III, Chairman and Chief
Executive Officer. “The demand for this expansion has been exceptional.
The Northwest part of the Las Vegas Valley is one of the fastest growing
areas in our community. This expansion enhances Santa Fe Station`s
position as the premier property in this area and provides new amenities
that our customers have told us they wanted,” said Fertitta.

The $6 million, 31,000 square foot expansion of the Fiesta Rancho will
bring a new ice arena to the property, complete with concession area, pro
shop, locker rooms and private special event rooms. Construction of the
ice rink is scheduled to begin in April 2004 with an estimated completion
in September 2004.

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 & 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, Station manages the Thunder
Valley Casino in Sacramento, California on behalf of the United Auburn
Indian Community.

This press release contains certain forward-looking statements with
respect to the business, financial condition, results of operations,
dispositions, acquisitions and expansion projects of the Company and its
subsidiaries which involve risks and uncertainties including, but not
limited to, financial market risks, the ability to maintain existing
management, integration of acquisitions, competition within the gaming
industry, the cyclical nature of the hotel business and gaming business,
economic conditions, regulatory matters and litigation and other risks
described in the filings of the Company with the Securities and Exchange
Commission, including, but not limited to, the Company`s Annual Report on
Form 10-K for the year ended December 31, 2002, and its Registration
Statement on Form S-4 File No. 333-66140. Construction projects, such as
the expansions of Santa Fe Station and Fiesta Rancho, entail significant
risks, including shortages of materials or skilled labor, unforeseen
regulatory problems, work stoppages, weather interference, floods and
unanticipated cost increases. The anticipated costs and construction
periods are based on budgets, conceptual design documents and construction
schedule estimates. There can be no assurance that the budgeted costs or
construction period will be met. Additional financial information,
including presentations from recent investor conferences, is available in
the “Investors” section of the Company`s website at
http://www.stationcasinos.com/ .
——-