Cavallaro, who has worked in the gaming industry for almost 21 years, began his career at Harrah's Marina Hotel and Casino in Atlantic City, New Jersey. Cavallaro rose through the Harrah's Entertainment organization, ultimately becoming assistant general manager of Harrah's Las Vegas.

In August 1990, he joined the Maloof family to oversee the development of the Fiesta Casino Hotel. In June 1992, he took over the operations of Palace Station Hotel & Casino as vice president and general manager. He left Palace Station in February 1994 to oversee the operations of the Hard Rock Hotel and Casino. He served as senior vice president and general manager of the Hard Rock for two years and was promoted to executive vice president and chief operating officer of Harvey's Casino Resorts. Cavallaro served in that role until September 1999, when he became the president and chief executive officer of Travelscape.com, an internet travel company based in Las Vegas, Nevada, that was subsequently sold in September 2000 to Expedia, Inc., an affiliate of Microsoft Corporation. Recently, Cavallaro formed his own company and has been providing consulting services to Station Casinos, Inc., Ameristar Resorts and a number of other gaming companies.

Frank J. Fertitta III, chairman of the board and chief executive officer of Station Casinos, stated: "We're happy to welcome Steve back to the Company on a full time basis. His knowledge of our culture, his commitment to customer service and his leadership skills should result in a smooth transition into our management team.''

Cavallaro added, ``I am excited about the opportunity to work with Frank and Lorenzo Fertitta again and to join the talented management team at Station. It is a young, energetic company that has a great deal of growth potential and I look forward to helping them reach their goals.''

Station Casinos, Inc. owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino and the Wild Wild West Gambling Hall & Hotel in Las Vegas, Nevada, the Texas Station Gambling Hall & Hotel, and the Fiesta Casino Hotel in North Las Vegas, Nevada, as well as Sunset Station Hotel & Casino, and The Reserve Hotel & Casino in Henderson, Nevada. The Company also owns a 50 percent interest in Barley's Casino & Brewing Company, as well as slot machine route management services in the Las Vegas metropolitan area.

This press release may be deemed to contain certain forward-looking statements with respect to the business, financial condition, results of operations, dispositions, acquisitions, and expansion projects of the Company.