On December 4, 2006, Fertitta Colony Partners made a highly leveraged offer to purchase all existing shares at $82 per share and take the company private.

It was built in the Las Vegas community of Summerlin at a cost of $925 million, making it Station's most expensive property.

Station opened its Red Rock Resort in 2006. In 2005, there were plans to develop two casinos in Reno: Station Casino Reno and Mount Rose Station. Station also purchased several existing properties in the Las Vegas Valley, including the Santa Fe in 2000, and the Fiesta and Reserve in 2001. In Henderson, Nevada, Station opened the Sunset Station in 1997, followed by Green Valley Ranch in 2001, the latter in partnership with American Nevada Corporation. Station shareholders objected to Fertitta branching out into the gaming industry on his own, prompting the company to purchase the Texas in 1995, shortly before its opening. Meanwhile, Fertitta had begun construction on his own hotel-casino project, the Texas, located in North Las Vegas. In Missouri, the company also opened the St. It is located along Boulder Highway in the eastern Las Vegas Valley. The initial public offering helped finance the company's second Las Vegas property, Boulder Station, which opened in 1994. Control was taken over by family members, including his son Frank Fertitta III, who took the position of chairman, president, and chief executive officer. Fertitta held the position of chairman, but retired from the company that year. Nearly a decade later, Fertitta filed to make the Palace Station a public company known as Station Casinos. He bought out his partners in 1979, then expanded the casino and renamed it Palace Station in 1984. Frank Fertitta Jr., the founder of Station Casinos, bought a 10-percent stake in the casino later that year and became its vice president and director. The Casino was renamed the Bingo Palace in 1977. The first Station Casinos property, Palace Station, is located in Las Vegas and originally opened as The Casino on July 1, 1976, which is considered the company's founding date. ( Nasdaq: RRR) is a publicly traded holding company that owns a portion of Station Casinos. Station Casinos has also branched out into managing casinos that they do not own. There are only a limited number of such sites available in the Las Vegas area. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr.

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