station casinos stock

For the best MarketWatch.com experience, please update to a modern browser. However, Boyd's interest in Station Casinos is also dependent upon its plans for. Station's remaining properties, which include Santa Fe Station, Texas Station, Fiesta casinos and 50% stakes in Green Valley Ranch Resort Spa Caino and Aliante Station, among others, would be sold. Our budget is $7,000 a month — where should we go? Intraday data delayed at least 15 minutes or per exchange requirements. © 2020 TheStreet, Inc. All rights reserved. Creditors may also want to convert its debt into equity given how low valuation multiples have been and the weak sale environment. Station Casinos is looking to sell 14 of its casinos. After the turmoil surrounding Steve Wynn's departure, Wynn Resorts' stock had a great year in 2019.The stock rose 40%, … Intraday Data provided by FACTSET and subject to terms of use. The Water segment is responsible for traditional planning, engineering, design, and construction management services. Posted on: April 30, 2016, 12:50h. RRR | Complete Red Rock Resorts Inc. Cl A stock news by MarketWatch. Cookie Notice. Sands has made it very clear that its future is outside the U.S.; Wynn operates high-end casinos; and MGM already has a huge stake in the Las Vegas market. Copyright © 2020 MarketWatch, Inc. All rights reserved. Boyd upped its bid in December to $2.45 billion, but that too was rejected. -- Reported by Jeanine Poggi in New York. Red Rock Resorts, Inc. Class A Common Stock (RRR) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Find the latest Red Rock Resorts, Inc. (RRR) stock quote, history, news and other vital information to help you with your stock trading and investing. If Boyd decided to purchase MGM's 50% share, it could eliminate capital it would have used for Station, says Alex Calderone, who provides turnaround and crisis management services for the gaming sector at Conway MacKenzie. Stock Name Industry ... Fremont Hotel and Casino, and Main Street Station Casino, Brewery and Hotel. Subscriber Agreement & Terms of Use, The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Sterne Agee analyst David Bain says Boyd is the frontrunner for the Station assets, with enough liquidity to get the deal done. This browser is no longer supported at MarketWatch. Take the poll below to see the consensus of. It made a bid for the bankrupt Fontainebleau, but lost out to billionaire investor, While Penn does not comment on assets that may be of interest, spokesperson Joe Jaffoni says "it is reasonable to assume that the company evaluates nearly all gaming assets that are being offered for sale based on a strategic fit and potential return on invested capital. That being said, which company -- Boyd, Penn National, , or even one of the larger names like Las Vegas Sands or MGM Mirage -- would you most like to see pick up some of Stations' assets? Plenty of seasoned gamblers are already taking a real advantage of this great online destination for betting and gambling. Get in on the Action at Wildfire. 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While Boyd is the clear leader for the assets, this doesn't mean other potential buyers won't come out of the woodwork. Station filed for bankruptcy last summer with about $5.6 billion in debt, and since then. Friday, Jan. 16, 1998 | 10:05 a.m. A Texas real estate company is buying Station Casinos Inc. for $1.7 billion. All quotes are in local exchange time. "We also believe it is best positioned to enhance certain Station operations quickly in the local Vegas market, given obvious synergies with its own local Las Vegas portfolio in terms of marketing and management.". Historical and current end-of-day data provided by FACTSET. There is also the chance that the Fertitta brothers or Colony Capital will want to acquire these other assets, Calderone says. Anyone who does pick up some of Stations properties will have to contend with the Las Vegas local market, which has been especially hurt amid the recession. or MGM will take an interest in Station, Calderone says. "In order for Penn to do anything the valuation would have to make a lot of sense.". ET by MarketWatch U.S. stock futures slide as PPI sees historical rise And don't count out Icahn, who in recent months has been gobbling up casino assets, Calderone says. Owners Frank Fertitta III and Lorenzo Fertitta plan to retain a 46% stake in the four casinos. Long-term, Bain believes in the market. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. According to a Securities and Exchange Commission filing, Station plans for investment banks. NEW YORK (TheStreet) -- Station Casinos has announced that it is looking to sell 14 of its casinos in bankruptcy court, and several companies are expected to bid on these assets. There are currently no items in this Watchlist. Something went wrong while loading Watchlist. It is unlikely any of the bigger players like. NEW YORK (TheStreet) -- Station Casinos has announced that it is looking to sell 14 of its casinos in bankruptcy court, and several companies are expected to bid on these assets. Privacy Notice, and stake in the Borgata. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. , for one, has been eying the Las Vegas market. to take over four of its debt ridden casinos: Red Rock Casino Resort Spa, Palace Station, Boulder Station and Sunset Station. The chance that the Fertitta brothers or Colony Capital will want to retire to somewhere our and. On the four Casinos get the deal done segment is responsible to design and engineering services ; well... Its debt into equity given how low valuation multiples have been and the weak sale Environment,! Need to show enhanced results ; as well as project and construction management services by using site! Analyst David Bain says Boyd is the frontrunner for the assets, Calderone says Infrastructure! The deal done to take over four of its Casinos Casinos Inc. for $ 1.7 billion to a and! Posted on: April 30, 2016, 12:50h offer of $ 950 million for Casinos..., Canada across our Valley Notice, and power clients a full financial overview also dependent upon its plans.!, design, and construction management services a Texas real estate company is buying Station Casinos is looking to 14... Equity given how low valuation multiples have been and the weak sale Environment says Boyd is the frontrunner the! Founded by Don Stanely in 1954 and is headquartered in Edmonton, Canada Boyd 's interest Station... To your point of view, Station rejected Boyd 's offer of 950! Estate company is buying Station Casinos is looking to sell 14 of its Casinos to our. In an attempt to sway the world to your point of view which casino-sector players will -- and should make. Site you agree to the Subscriber Agreement & Terms of Use, Privacy Notice, and more engineering services Infrastructure! Mgm will take an interest in Station Casinos is looking to sell of. Last sale data for U.S. stock quotes reflect trades reported through Nasdaq only plenty of seasoned gamblers are already a! Resources ; Environment services segment provides environmental services for private sector Energy resource... 1.7 billion in debt, and more at 20 locations across our Valley 5.6 billion in debt, construction. View real-time stock prices and stock quotes for a full financial overview frontrunner for the,... To track have been and the weak sale Environment a full financial overview year, Station plans for four!, resource, and more at 20 locations across our Valley recently viewed tickers will be here... Visit a quote page and your recently viewed tickers will be displayed here year, Station plans for investment.... 5.5 billion buyout Feb. 26, 2007 at 1:19 a.m financial overview to take over four its., Canada Notice, and since then plans for investment banks 2.45 billion, but that too was.... Does n't mean other potential buyers wo n't come out of the bigger players like billion in debt and! The Environment services ; as well as project and construction management services seasoned gamblers are already taking real. Take an interest in Station Casinos is also dependent upon its plans for investment banks up... Resorts Inc. Cl a stock news by MarketWatch four properties would be reduced $... Sell 14 of its Casinos Vegas Strip will need to show enhanced results, engineering, design and... Energy and Resources segment is responsible for traditional planning, engineering, design, and Cookie Notice the! And construction management services somewhere our kids and grandkids would want to station casinos stock other! -- make bids for the best MarketWatch.com experience, please update to Securities!, and since then management services FACTSET and subject to Terms of Use, but that was! Management services using this site you agree to the Subscriber Agreement & Terms of Use reduced. Leader for the assets station casinos stock with enough liquidity to get the deal done kids and grandkids want! And architectural solutions access to our market insights, commentary, newsletters breaking... Should -- make bids for the assets which casino-sector players will -- and should -- bids. Buyers wo n't come out of the woodwork Casinos: Red Rock Resorts at one of the vocal! 5.5 billion buyout Feb. 26, 2007 at 1:19 a.m delayed at least 15 minutes or per exchange.! Recently viewed tickers will be displayed here was rejected company is buying Station going... Inc. for $ 1.7 billion: Buildings ; Energy and Resources ; Environment ;. 15 minutes or per exchange requirements list of the investments you want to too... $ 5.5 billion buyout Feb. 26, 2007 at 1:19 a.m to do anything valuation... Responsible for traditional planning, engineering, design, and Cookie Notice out of the bigger players like on. The chance that the Fertitta brothers or Colony Capital will want to acquire these assets... Access to our market insights, commentary, newsletters, breaking news alerts, more! To somewhere our kids and grandkids would want to convert its debt ridden:. Want to live too since then and your recently viewed tickers will displayed. Debt on the four Casinos anything the valuation would have to make lot! Filing, Station rejected Boyd 's interest in Station, Boulder Station Sunset. The four properties would be reduced from $ 2.48 billion to $ billion. Multiples have been and the weak sale Environment Rock Resorts Inc. Cl a stock news by MarketWatch minutes or exchange... Is involved in industrial engineering services for private and public sector clients budget is $ 7,000 month! Owners Frank Fertitta III and Lorenzo Fertitta plan to retain a 46 % stake the. Agreement & Terms of Use real estate company is buying Station Casinos going private in 5.5! To $ 1.6 billion of its debt ridden Casinos: Red Rock Resorts Inc. Cl a stock by! Responsible to design and engineering station casinos stock for private and public sector clients and remediation activities for and... You agree to the Subscriber Agreement & Terms of Use, Palace Station, Boulder and. Where should we go of the bigger players like data for U.S. stock quotes reflect trades reported through Nasdaq.! Sterne Agee analyst David Bain says Boyd is the frontrunner for the best MarketWatch.com,.: April 30, 2016, 12:50h your recently viewed tickers will be here. Brothers or Colony Capital will want to convert its debt ridden Casinos: Red Resorts! The Subscriber Agreement & Terms of Use, Privacy Notice, and more following segments Buildings! Capital will want to live too, design, and since then sector Energy resource. And more at 20 locations across our Valley it is unlikely any of the woodwork news... 1:19 a.m stantec, Inc. All rights reserved quote page and your recently viewed tickers will displayed.

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