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Green Valley Ranch Resort Opens Third Major Expansion

5 October 2006

HENDERSON, Nevada – (PRESS RELEASE) -- Station Casinos executives opened a $110 million expansion at Green Valley Ranch yesterday, the property's third major expansion since opening in December 2001. A 50/50 joint venture between Station Casinos, Inc. (NYSE: STN - News) and GCR Gaming, a company owned by the Greenspun family, Green Valley Ranch carries the distinction of being the first boutique luxury resort built off the Las Vegas Strip.

New amenities in the third phase expansion include a three-level, 1,200-space parking garage, a new state-of-the-art 170-seat race & sports book, which boasts a 96-foot video wall powered by 18 projectors; a new 22-table 24-hour non-smoking poker room; more slot and video poker machines; two more restaurants, Tides Oyster Bar and Turf Grill located next to the new race & sports book, and an additional 14,000 square feet of meeting and convention space.

Opening by Spring 2007 will be additional casino space featuring more slot/video poker machines and a 500-seat lounge and entertainment venue. Green Valley Ranch is one of four master-planned expansions occurring at Station Casinos-owned properties. Other expansion projects currently underway are at Fiesta Henderson, Santa Fe Station and Red Rock Casino, Resort and Spa which are scheduled to be completed in late 2006/mid 2007.

"The city of Henderson is growing at an exciting rate," said Scott Kreeger, Senior Vice President of Operations for Green Valley Ranch and Red Rock Casino. "This expansion is a demand-driven result of that growth."

"Green Valley Ranch is already a favorite among locals, known for its value, service and convenience," added Kreeger. "It's also an appealing destination for tourists who want a luxury resort experience off the Las Vegas Strip."

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