![]() The Fertitta family now owns 45 percent of the restructured company, having invested $200 million to raise their stake from 25 percent before the bankruptcy. “Lorenzo and I believe in the future of Las Vegas, which is why we remain committed to the company and the community.” “We are pleased to have completed the restructuring process, and we look forward to this exciting new chapter in the Station Casinos story,” said Frank Fertitta III in a statement. It was reassembled by members of its founding family, led by Chairman and CEO Frank Fertitta III and his brother, Vice Chairman Lorenzo Fertitta. The company owns or operates 18 casinos in the Las Vegas market and has about 13,000 employees. ![]() Under a sign that read “We couldn’t have done it without you,” Kelly celebrated with employees Friday at Red Rock Resort as they cut a cake to officially announce completion of restructuring. “Being done means Station Casinos can get back to the things it does best … without the distractions.” We are very excited,” Kevin Kelly, chief operating officer of Station Casinos, said in an interview. ![]() ![]() “It’s been a long battle, but it’s finally done. Las Vegas locals gaming leader Station Casinos LLC exited Chapter 11 bankruptcy protection Friday, nearly two years after seeking court protection. ![]()
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