Dear Valued Guests,

For 33 years we have taken great pride in being a part of the Southern Nevada community. As a result of following our original business plan of providing our guests with a high-value gaming and entertainment experience with unmatched, friendly service, we have created more than 13,000 jobs, invested billions of dollars in building our properties, and contributed millions of dollars to support charitable organizations in Clark County.

As has been the case with many other fine companies during these difficult economic times, we have found it necessary to take unprecedented steps to preserve and ultimately strengthen our company.

To facilitate the debt restructuring at the parent company level and with the support of our senior secured lenders, our parent company and certain non-casino subsidiaries have filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code. None of our casinos and resorts were included in these voluntary filings and we will continue normal operations at all of our properties under our existing management team.

Our 18 casinos and resorts are open and ready to continue to provide you with the exceptional gaming, dining and entertainment experiences you have come to expect from Station Casinos. Our popular Boarding Pass rewards program, which has been voted the Best Of by the readers of the Las Vegas REVIEW JOURNAL year after year, along with our Amigo and WildCard Clubs, will not be affected. Your points will be honored exactly as they have been in the past and rest assured, your balances are safe.

Today, tomorrow, and for many years to come you can expect what you have always expected from us:
Extraordinary guest service from our dedicated team members. We pride ourselves on having the best in the industry. Its no accident that FORTUNE Magazine named Station Casinos among its 100 Best Companies to Work For four years in a row (2005-2008).
Great value. More than ever there are specials and promotions for you--from our Boarding Pass program, to two-for-one dining offers, to fantastic promotions like this years upcoming Great Giveaway Football Contest.
Great entertainment. All of the great entertainment choices we are known for including incredible restaurants, concerts and lounge acts, great gaming action, movies, bowling and much more.
We appreciate and value our relationship that we have shared with you the last 33 years and it is our promise that we will work harder than ever to keep your business and maintain the respect we have earned from the Las Vegas community since we first opened in 1976.

If you have any questions about our restructuring, or anything to do with Station Casinos, I invite you to go to our website StationCasinos.com or call us to leave your questions or comments toll-free at 866-767-8777. Thank you for your continued patronage and we look forward to seeing you at one of our properties in the near future.

For more information, visit StationCasinos.com

Sincerely,

Frank J. Fertitta, III
Chief Executive Officer
Station Casinos, Inc.