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Station Casinos posts third-quarter net loss of $23.4 million

Station Casinos posted a third-quarter net loss of $23.4 million driven by lower revenues and increased interest expenses related to its large debt load, according to a morning filing with the Securities and Exchange Commission.

The news comes a day before the locals gaming company opens the $662 million Aliante Station, the company’s 11th hotel-casino.


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  • Revenues for the third quarter ended Sept. 30 fell 10.5 percent to $317 million from $354.1 million for the same time last year. Revenues the first nine months of 2008 slipped 7.4 percent to $1.01 billion from $1.09 billion last year.

    The net loss is a swing from the net income of $3.7 million posted last year.

    The company posted a net loss of $75.7 million for the first nine months of 2008, a sharp contrast to the $41.8 million net income posted through September last year.

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    downtowndicedealer wrote on February 10, 2009 01:04 AM: I can only hope things will get better in couple of years. Nobody likes to see anybody lose their jobs getting lay off. It's already hard enough with today economy. After all we all share the same pain.


    Good Luck Everybody wrote on November 10, 2008 05:14 PM: Don't worry, the recent voter approved room tax hike will fix everything!

    Tax someone, tax anyone, but don't tax me!


    A.C.M. wrote on November 10, 2008 04:48 PM: I think our attention may be in the wrong spot. We should not worry so much about the Las Vegas area gaming establishments. They have a nice, tax rate, comparitively. Yeah the economy is swimming in a toilet waiting to be flushed, but it did the same thing soo many times and always re-bounds. The gaming companies who deserve the most speculation are those with properties in other states such as Louisiana, Illinois, and Missouri, where they all pay 55% of their take for education taxes (REALLY makes me wonder about Nevada'a fialing education system) If they all stop spending so much on properties right now they will all survive in the long-run.


    ex gambler wrote on November 10, 2008 03:25 PM: and have one the highest ratings for employee relations.

    I see you have attended their brainwashing meetings, Joseph Goebbels.


    idabessie wrote on November 10, 2008 03:18 PM: I am from out of state and visit Palace Station several times a year, enjoy their slot and poker tournaments along with the free tower room provided. I have often wondered how places stay in business by continually comping to bring people in. Don't get me wrong, I do enjoy the "freebies" and do gamble my share while I am there. If Station casinos are "hurting" I wonder how is it that a monstrocity like the MGM Grand can stay in business, really. Vegas should stop building,and take care of whats already there and stop the mentality of thinking the bigger the better which is not always the case. I hope the best for all the casinos from management to the busboy. Everyone is is important and should be treated as such.


    tw wrote on November 10, 2008 02:52 PM: Don't know how they treat their employees..but if it is half as bad as they treat their customers they are toast.


    Selena wrote on November 10, 2008 12:25 PM: First of all I would like to tell John O' Neill, (who made a comment about the Mexicans) if you are going to make a comment make sure your pay attention to your grammer. It is Unemployed, not inemployed. You ignorant POS.

    Dear Donkey, haven't you heard of a thing called Karma? guess what? it is a bit**! watch out, it might soon be your employer as well.


    anderson wrote on November 10, 2008 12:14 PM: Next year we will probably here that Stations is too big to fail and a govt. bail-out is in order. The Gaming Control Board let this big monopoly occur to the detriment of small business - No reason to shed tears over Stations - I say let them crash.


    casinocon wrote on November 10, 2008 11:40 AM: Our world is run on credit and it needs to stop . . . well, it is going to stop whether we like it or not. Vegas will be a ghost town next year. The party's over.


    Eric wrote on November 10, 2008 10:47 AM: 23.4 million dollar lose in this economy is not all that bad when you think about it. They have a sound business plan and have one the highest ratings for employee relations. Given enough time they should weather out this financial storm and once again turn a profit.

    They are no longer a publicly owned company.


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