Exhibit 99.1

                 Station Casinos to Issue $300 Million
                 of 6 5/8% Senior Subordinated Notes

    LAS VEGAS--(BUSINESS WIRE)--Feb. 23, 2006--Station Casinos, Inc.
(NYSE: STN - News; "Station" or "the Company") today announced it has
agreed to issue $300 million of 6 5/8% senior subordinated notes due
March 15, 2018. The offering was priced at 99.5 to yield 6.69%.
Proceeds from the sale of the notes will be used to reduce a portion
of the amounts outstanding on the Company's revolving credit facility.
Such borrowings were used for capital expenditures and general
corporate purposes, including the repurchase of shares of the
Company's common stock previously authorized for repurchase by the
Company's Board of Directors. Since December 31, 2005, the Company has
repurchased approximately 3.2 million shares of its common stock and
has authorization to repurchase approximately 6.9 million additional
shares.
    The notes have not been registered under the Securities Act of
1933, as amended (the "Act"), and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Act.

    Company Information

    Station Casinos, Inc. is the leading provider of gaming and
entertainment to the residents of Las Vegas, Nevada. Station's
properties are regional entertainment destinations and include various
amenities, including numerous restaurants, entertainment venues, movie
theaters, bowling and convention/banquet space, as well as traditional
casino gaming offerings such as video poker, slot machines, table
games, bingo and race and sports wagering. Station owns and operates
Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa
Fe Station Hotel & Casino, Wildfire Casino and Wild Wild West Gambling
Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall & Hotel
and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset
Station Hotel & Casino, Fiesta Henderson Casino Hotel, Magic Star
Casino and Gold Rush Casino in Henderson, Nevada. Station also owns a
50% interest in Green Valley Ranch Station Casino, Barley's Casino &
Brewing Company and The Greens in Henderson, Nevada and a 6.7%
interest in the Palms Casino Resort in Las Vegas, Nevada. In addition,
Station manages Thunder Valley Casino near Sacramento, California on
behalf of the United Auburn Indian Community.



    CONTACT: Station Casinos, Inc., Las Vegas
             Glenn C. Christenson, 800-544-2411 or 702-367-2484
             Executive Vice President/Chief Financial Officer/
             Chief Administrative Officer
                     or
             Thomas M. Friel, 800-544-2411 or 702-221-6793
             Vice President of Finance/Corporate Controller
                     or
             Lori B. Nelson, 800-544-2411 or 702-367-2427
             Director of Corporate Communications