Las Vegas Sun NewsStation Casinos reports $11.2 million profit, buys controlling interest in Fertitta Interactive
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13 November 2012
1:56 p.m.
Updated
13 Nov. 2012 5:05 p.m.
Las Vegas locals casino operator Station Casinos today reported a profit for the third quarter as revenue increased. The company also said it’s acquiring a controlling interest in Fertitta Interactive, owner of the newly-licensed Ultimate Gaming/Ultimate Poker online gaming business. The Fertitta family is behind Station Casinos, Ultimate Gaming and Ultimate Gaming’s sister company the Ultimate Fighting Championship. Terms of the deal weren’t immediately disclosed. Station has 17 locals properties that were part of the old Station Casinos Inc. The new Station emerged from the prior company’s bankruptcy in June 2011. Station said third-quarter net revenue increased year-to-year from $282.4 ...
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Then Fetittas are the biggest thieves. People forget that Stations had $6 B in depth and it was written off to $2B with the Fertittas contributing 200M to retain ownership and control of Stations. The only Casino they lost was Alliante . Isn't America wonderful?
Part of Stations increased profits come from employees DECREASED benefits. Employees are being demoted to part time status and losing their benefits all the while Stations is hiring more part timers to make up for the shortage. Insurance premium, across the country, have increased an average of 9% (taken from the NY Times) http://www.nytimes.com/2011/09/28/busine.... Stations increased employee insurance costs by over 100%.
Bob............................ I think u are only partially correct with the politicians. They have lifetime healthcare coverage as soon as they are elected in good standing. That would eliminate Whorehouse Harry.
Who said the mob is gone in Vegas. The Fetittas make the mob look like boy scouts!
My point was Bob, that the average increase in premiums across the country was only 9%. Why is it that Stations premiums increased by over 100%? I understand premiums will rise, perhaps because of ObamaCare, but 100% versus 9%?