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Station Casinos Buys Santa Fe Hotel & Casino in Northwest Las Vegas

Station will pay $205 million for the Santa Fe, plus an option to buy 21 adjacent acres and a non-compete agreement with the seller, Santa Fe Gaming Corp. The all-cash deal is expected to close in the fourth quarter.

The Santa Fe has 85,000 square feet of casino space, 200 hotel rooms, a 60-lane bowling alley and a regulation-sized ice skating arena. The name will be changed to Santa Fe Station.

Part of the purchase price will be a loan to Pioneer Hotel Inc., a subsidiary of Santa Fe Gaming that owns the Pioneer Hotel & Gambling Hall in Laughlin, Nevada. That subsidiary is in bankruptcy.

Station's first gaming operation was Palace Station Hotel & Casino. In recent years it's opened the Boulder Station Hotel & Casino, the Texas Station Gambling Hall & Hotel and Sunset Station Hotel & Casino in Henderson, a rapidly growing suburb of Las Vegas. The company also bought Wild Wild West Gambling Hall & Hotel, a low-end casino near the Strip.

In Missouri, Station operates a large hotel-casino in Kansas City and a casino in St. Charles, a suburb of St. Louis.

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