>LAS VEGAS–(BUSINESS WIRE)–Station Casinos, Inc. (“Station” or the “Company”) today announced the results of its operations for the first quarter ended March 31, 2009.
Results of Operations
The Company’s net revenues for the first quarter ending March 31, 2009, were approximately $282.7 million, a decrease of 20% compared to the prior year’s first quarter. The Company reported Adjusted EBITDA for the quarter of $98.0 million, a decrease of 28% compared to the prior year’s first quarter. For the first quarter, the Company reported a net loss of $33.7 million as compared to a net loss of $70.9 million in the prior year’s first quarter.
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