Station Casinos Exits Bankruptcy After Almost Two Years

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Station Casinos Inc., the biggest U.S. gambling company in bankruptcy, exited Chapter 11 almost two years after seeking court protection.

Station was reassembled by its founding family, led by Frank Fertitta and his brother, Vice Chairman Lorenzo Fertitta. They own 45 percent of the restructured company after investing almost $200 million, Las Vegas-based Station said today in an e-mailed statement.