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Fertitta Family Continues to Sell Shares of Station Casinos Stock

24 April 2000

Four members of the Fertitta family continued selling off shares of Station Casinos last week, raising more than $21.5 million.

Frank Fertitta, Lorenzo Fertitta, Blake Sartini and Delise Sartini each sold just under 292,000 shares of Station stock in open market sales last week, grossing about $7.2 million each. The Sartinis made sales from their joint holdings.

Sales were made daily from Monday through Thursday at share prices ranging from $24.23 to $25.75 per share. The sales reduced Frank Fertitta's holdings to 6.6 million shares, a 15.6 percent stake; Lorenzo Fertitta to 4.27 million shares, or 10.6 percent; and the Sartinis to 4.84 million shares, or 11.7 percent.

Since April 12, the four family members have sold a total of 1.55 million shares, raising just under $40 million.

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