The Next Step For Station Casino
Rumors having been flying about Station Casino being bought out. Well the rumors haven’t been substantiated yet, however if Station Casino is bought by the private equity partnership of Colony Capital and a management group, local experts believe that this would hamper its growth.
As it is now Colony Capital and a management group that is led by current Station Casino CEO, Frank Fertitta III, want to push the deal through.
There is a lot to be considered however.
One thing is that industry sources are saying that if the deal goes through, chances are the new company will not sell its undeveloped land to cover debts.
What the new company would do is put current expansion plans on the back burner. With the expansion plans on hold, the debt would be significantly reduced.
Word that has been leaked is that Colony Capital is not concerned with expansion at this time; they are concentrating on maximizing profitability, particularly in the stock market.
