Frank Fertitta Jr., the founder of Station Casinos, bought a 10-percent stake in the casino later that year and became its vice president and director. The Casino was renamed the Bingo Palace in 1977. The first Station Casinos property, Palace Station, is located in Las Vegas and originally opened as The Casino on July 1, 1976, which is considered the company's founding date. ( Nasdaq: RRR) is a publicly traded holding company that owns a portion of Station Casinos. Station Casinos has also branched out into managing casinos that they do not own. There are only a limited number of such sites available in the Las Vegas area. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr.
