Station Casinos Plan Confirmed with Respect to GVR

The US Bankruptcy Court confirmed on June 8, 2011 Station Casinos subsidiary Debtors Aliante Holding and Green Valley Ranch (GVR) Gaming's First Amended Prepackaged Joint Chapter 11 Plan of Reorganization, dated May 24, 2011, with respect to GVR. As previously reported, the subsidiary Debtors filed for Chapter 11 protection on April 13, 2011 and subsequently consolidated their cases into Station Casinos lead proceedings. The subsidiary Debtors filed a prepackaged bankruptcy proceeding (concurrently filing a Subsidiary Debtors Joint Plan of Reorganization) in order to implement Station Casinos' asset sale under its own First Amended Joint Plan of Reorganization, dated July 28, 2010. The Court confirmed the parent's Plan on August 27, 2010, and it has not yet become effective.