Fertitta is a principal shareholder and a co-founder of Station Casinos Inc.
On February 2, 2009, Station Casinos announced its plans to file for bankruptcy by April 15.
Crown also paid US$242 million for a stake in Station Casinos which is now considered almost worthless.
On July 28, 2009 Station Casinos filed for chapter 11 bankruptcy.
Station Casinos' filing listed $5.7 billion in assets against $6.5 billion in debt.
In 2005 Station Casinos started purchasing land next to the property it already owned.
Station Casinos, employing 2,120 people, has also soft-pedaled wage increases.
It is the flagship property of Station Casinos, and the company's corporate headquarters is located on property.
Station Casinos Inc., 1.5 million shares of $50 convertible preferred.
Station Casinos Inc., $100 million in senior subordinated debentures due in 2003.
