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Before making an investment decision, you should read this entire prospectus carefully, including the discussion under the heading "Risk Factors" and the combined financial statements and related notes thereto contained elsewhere in this prospectus. We believe that the Las Vegas regional market is one of the most attractive gaming markets in the United States due to favorable economic and market fundamentals, a number of which drive demand for our products. We also believe that our capital structure provides us with the flexibility to pursue additional growth opportunities. Our proprietary customer relationship management systems are highly attuned to how guests interact with our properties and products. The Boarding Pass encourages guest loyalty and allows us to provide tailored promotions, messaging and guest experience. Exact Name of Registrant as Specified in its Charter. Our significant advertising programs generate consistent brand awareness and promotional visibility. We believe that providing a wide variety of entertainment options is also a significant factor in attracting guests. We are intensely focused on providing the best possible guest experience and creating guest loyalty. This information allows us to focus on targeting guests based on their preferences. We have a large and established guest database. Presentation of Financial Information. This prospectus includes forward looking-statements that involve risks and uncertainties. This preliminary prospectus is not an offer to sell these securities, and we are not soliciting an offer to buy these securities, in any jurisdiction where the offer or sale is not permitted. In addition, we are an established leader in Native American gaming, managing facilities in northern California and western Michigan. We have also developed progressive mobile solutions to engage our current guests and attract new guests. The following metrics indicate that an economic recovery is underway in the Las Vegas regional market:. In addition, we estimate that nearly half of the adult population of the Las. Our Competitive Strengths. The Las Vegas regional market began to experience employment growth in and wage growth in We believe our existing cost structure, featuring the industry's lowest gaming tax rate, contributes to lower variable costs and creates a scalable platform to support higher margin growth. We believe that our high-quality assets, market-wide distribution and award-winning Boarding Pass loyalty program will allow us to achieve significant benefits from improving economic conditions in Las Vegas. In addition to these favorable demand drivers, the Las Vegas regional market provides a stable and highly attractive tax structure, as well as legal limitations that restrict the development of additional off-Strip gaming properties. All of our properties enjoy convenient access and visibility from an interstate highway or major thoroughfare. While a number of important regional metrics that drive demand for our products such as population, employment measured by number of jobs and taxable sales are above or approaching pre-recession peak levels, other metrics such as the unemployment rate, average weekly wages, home prices, and most importantly, gaming and non-gaming revenues in the Las Vegas regional market, remain well below peak levels experienced prior to the recession. Outside of Las Vegas, we leveraged our business model by entering into development and management agreements with several Native American tribes and developed and operated some of the most successful Native American casinos in the country. As a result, the Fertitta family will be able to control any action requiring the general approval of our stockholders, including the election of our board of directors, the adoption of amendments to our certificate of incorporation and bylaws and the approval of any merger or sale of substantially all of our assets. Registration No. We believe the following competitive strengths position us well for future growth and financial performance. In this prospectus, unless otherwise stated or the context otherwise requires:. See "Underwriting Conflicts of Interest. The Las Vegas economy has begun to recover from the economic downturn and recent trends indicate that the recovery is ongoing. Our Company. Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement. Our "Boarding Pass" loyalty program, which allows members to earn and redeem rewards at any of our properties, has achieved high levels of guest use with a significant majority of our gaming revenue generated by Boarding Pass members. Well positioned for growth. Continue to provide a high quality, value-oriented gaming and entertainment experience.

Table of Contents. We are dedicated to ensuring a high level of guest satisfaction and loyalty by providing attentive guest service in a convenient, friendly and casual atmosphere. In particular:. We also own or control six highly desirable gaming-entitled development sites consisting of approximately acres in Las Vegas and Reno, Nevada.

We began operations in with a 5, square foot casino featuring slot machines and have grown through development and acquisitions to become a premier provider of gaming and entertainment for residents of the Las Vegas regional market and visitors.

Further, Adjusted EBITDA does not represent net income or cash flows from station casinos president card benefits, investing or financing activities as station casinos president card benefits by GAAP and should not be considered as an alternative to net income as an indicator of station casinos president card benefits operating performance.

Examples include identifying the Las Vegas regional market niche indeveloping the regional entertainment destination concept through multiple major casino openings in the 's and 's, introducing the highly successful Boarding Pass loyalty reward program inand capitalizing on the opportunity created by Nevada's passage of SB through a series of strategic click here and new developments.

The program links all of our properties, allowing players to earn and redeem points at any of our properties, from our full-scale luxury entertainment facilities to our local taverns, providing unparalleled diversity of experience, which we believe provides us with a competitive advantage.

The application of our analytics and in-house technologies have resulted in Adjusted EBITDA margins that compare favorably to our public peers over the past several years.

We believe that in addition to operating income, Adjusted EBITDA is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations excluding non-cash expenses, financing costs, and other non-operational or non-recurring items.

Neither the Securities and Station casinos president card benefits Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus.

We continually refine our database marketing programs to drive visitation and increase https://777razborok.ru/casino/states-with-no-casinos.html. While we primarily advertise through traditional media such as television, radio and newspaper, we continue to increase our focus on reaching and engaging guests through social, digital and mobile solutions.

In particular, we feature multiple dining options at all of our major properties, which is a primary motivation for casino visits. We, the selling stockholders and the underwriters are offering to sell, and seeking offers to buy, shares of our common stock only in jurisdictions where offers and sales are permitted.

Station Casinos Corp. We employ an innovative marketing strategy that utilizes our frequent high-profile promotional programs to attract and retain guests, while also establishing and maintaining a high level of brand recognition.

We also provide friendly service and exceptional value in a comfortable environment. Large and Loyal Customer Base. Further, our refined cost structure will help maximize the flow-through of net revenue to Adjusted EBITDA, as additional economic growth drives incremental revenue at our properties.

We believe the Las Vegas regional market is one of the most attractive gaming markets in the United States due to its strong economic and demographic fundamentals, a stable and supportive regulatory environment, the lowest gaming tax rate in the nation and significant current and announced investment.

We take great pride in the appearance of our properties and have historically invested a considerable amount of capital to maintain, refresh and enhance our properties in a manner that is consistent with our high standards and to position our properties as best-in-class.

We offer convenience and a wide variety of gaming and non-gaming entertainment options to attract guests to our properties which range from luxury resorts to value-oriented casinos. We believe that our uniquely positioned platform will continue to benefit from the ongoing recovery of the Las Vegas economy through increased visitation and guest spend, as population, employment and wage growth are all critical drivers of both gaming and non-gaming revenues.

We believe that Adjusted EBITDA is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies. The information in this preliminary prospectus is not complete and may be changed.

We became a publicly traded company in and, following a significant period of development and expansion between andwere taken private in in a management-led buyout. We are a leading gaming, development and management company operating 21 strategically-located casino and entertainment properties.

We have also developed proprietary data analytics which allow us to monitor revenues and operational expenses on a daily basis, benchmark results across properties, and provide real-time information for management decision-making.

Following this offering, we will have two classes of authorized common stock. We plan to continue developing these custom interactive games to retain and build our guest database.

We believe the owner. We believe these marketing strategies will enable us to continue to grow our database and promote repeat visitation by Boarding Pass members.

Our Boarding Pass loyalty rewards program has achieved high levels of guest use, with a significant majority of our gaming revenue being generated by Boarding Pass members.

Neither we, the selling stockholders nor the underwriters take any responsibility for, or can provide any assurance as to the reliability of, any information other than the information in this prospectus, any amendment or supplement to this prospectus or any link writing prospectus prepared by us or on our behalf.

Our Business Strategy. Portfolio of highly attractive assets broadly distributed throughout Las Vegas. We believe that one of our competitive strengths has been the ability of our highly-experienced management team, led by the Fertitta family, to identify, develop and execute innovative and value-creating opportunities.

We offer a broad array of gaming options, including the most popular slot and video poker products, and the latest technological innovations in slots, table games and sports wagering.

Impacted by the financial crisis between andwe completed a restructuring in June Since that time, we have:. Any representation to the contrary is a criminal offense. Frank J. These factors position us well for future growth, including expanding our existing properties, developing our. Neither we, the selling stockholders nor the underwriters have station casinos president card benefits anyone to provide you with information different from that contained in this prospectus, any amendment or supplement to this prospectus or any free writing prospectus prepared by us or on our behalf.

See "Forward-Looking Statements" for more station casinos president card benefits. As part of our commitment to providing a high value entertainment experience and to stimulate visitation, we regularly refresh and enhance our gaming and non-gaming amenities.

Innovative management team and owner-operator alignment with shareholders. We recently introduced custom kiosk think, paddy power casino chat accept to enhance the promotional engagement and experience of our Boarding Pass members.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Maximize business profitability.

Affiliates of Frank J. We believe that our focused marketing allows us to create greater guest loyalty. We are committed to providing a high-value entertainment experience for our guests, as our significant level of repeat visitors demand exceptional service, variety and quality in their overall experience. The Fertitta family has maintained significant ownership in the Company since it was founded in , and is expected to remain our largest shareholder after this offering. Generate revenue growth through targeted marketing and promotional programs. Additionally, Adjusted EBITDA does not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. Accordingly, we will be a "controlled company. Most of our major properties are master-planned for expansion, enabling us to incrementally expand our facilities as demand dictates. Our ability to advertise under a single brand across our portfolio also allows us to achieve material economies of scale. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. Station Corp.