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Stephen L. Cavallaro Named as President of Station Casinos
and President of Fertitta Entertainment

LAS VEGAS-October 10, 2012 --Station Casinos announced today that veteran gaming executive Stephen L. Cavallaro has been appointed President of Station Casinos LLC. Mr. Cavallaro will also serve as the President of Fertitta Entertainment LLC, the company that manages Station Casinos’ assets. Mr. Cavallaro brings more than 30 years of casino and hospitality expertise to Station Casinos. Mr. Cavallaro also has extensive knowledge of the Company’s businesses, having served as Executive Vice President and Chief Operating Officer of Station Casinos, Inc. from 2001 to 2004. For the past eight years, Mr. Cavallaro has been Chairman and CEO of Cavallaro Consulting Group, providing business and management expertise to various companies including Texas Pacific Group, Station Casinos and Fertitta Entertainment, Ameristar Casinos, Monarch Resorts and Delaware North Companies, among others.

Mr. Cavallaro will report to Frank J. Fertitta III, who will retain his positions as Chairman and CEO of Station Casinos.

“We are extremely happy to have Steve Cavallaro back with us,” said Mr. Fertitta. “I have known Steve for over 20 years, starting when he was the Vice President and General Manager of Palace Station. Steve has earned our complete confidence having demonstrated a track record of driving performance for our businesses. As President, he will help lead our talented management team and allow me more time to focus on key strategic issues,” continued Mr. Fertitta.

Mr. Cavallaro began his career at Harrah’s Entertainment and successfully rose through the ranks of that organization. He later served as the Senior Vice President and General Manager of the Hard Rock Hotel, Executive Vice President and Chief Operating Officer of Harveys Casino Resorts and the President and CEO of Travelscape.com, which was sold to Expedia.com in 2000.

“I am very excited to return to Station Casinos. The timing is perfect for me and for the Company. I am very optimistic about our market position and confident that I can make a positive impact on our profitability and growth,” said Mr. Cavallaro.

About Station Casinos LLC
Founded in 1976, Station Casinos LLC is the leading provider of gaming and entertainment to the residents of Las Vegas, Nevada. The Company’s properties 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. The Company owns 17 properties including: Boulder Station, Fiesta Henderson, Fiesta Rancho, Green Valley Ranch, Palace Station, Red Rock Resort, Santa Fe Station, Sunset Station, Texas Station, Days Inn at Wild Wild West and the Wildfire Gaming division that includes Barley’s Brewery, The Greens, Wildfire Sunset, Lake Mead Lounge, Wildfire Casino & Lanes, Wildfire Boulder and Wildfire Rancho. Additionally, Station Casinos LLC owns various land holdings and develops and/or manages four tribal gaming opportunities in California and Michigan pursuant to development and management agreements.

Contact:
 
Station Casinos
Marc J. Falcone
702-495-3600
Executive Vice President and Chief Financial Officer
or
Lori Nelson
702-495-4248
Vice President of Corporate Communications
lori.nelson@stationcasinos.com


 

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Also See: Stephen Cavallaro Named EVP, COO for Station Casinos, Inc., Formerly President of Travelscape.com / June 2001

Financial Analysts Give Thumbs Up for Station Casinos' Proposed $775 million Financing Deal to Replace Existing Debt / September 2012

Said to be the Largest in the History of Native American Gaming, $850 million in Financing Secured for California's Rohnert Park Casino; Stations Casinos, Owners of Nine Major Hotel Casinos, to Manage / August 2012

Station Casinos Poised to Pay off $150 million in Debt Following Financing Deal with Gaming Partner / August 2012

Missouri Gaming Regulators Orders Largest Investors of Caesars Entertainment to Sever Ties with Station Casinos LLC of Las Vegas Prompting a Rush Sell-Off / July 2012
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