πŸ’ Station Casinos - Wikipedia

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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP In the reorganization of Station Holdco LLC ("Station Holdco") and the creation of.


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Station Casinos to layoff some employees due to COVID-19 closure; Culinary Union responds

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Fertitta has also served as CEO of Station LLC since June and served as a member of the board of directors of Station Holdco. LLC (β€œStation.


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Fertitta has also served as CEO of Station LLC since June and served as a member of the board of directors of Station Holdco. LLC (β€œStation.


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NMPNS, LLC is also the 82 percent owner and the licensed operator of Renewed the possession, use, and operation of Nine Mile Point Nuclear Station, Unit 2. distribution of CEG's equity interests in RF HoldCo LLC (the holding company.


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Station Casinos releases reopening guidelines

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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP In the reorganization of Station Holdco LLC ("Station Holdco") and the creation of.


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View Station Holdco LLC, including Executives & Employees and Board of Directors, Former President & Chief Operating Officer at Station Casinos LLC.


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Station Holdco LLC holds % of the economic equity interest in Station the regulatory problems of Deutsche Bank, a 25% current owner.


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Station Casinos, Red Rock Resorts president dies in July 4 watercraft

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Form Post-Effective amendments for re filed by Station Casinos Llc with the security and exchange commission. NP Losee Elkhorn Holdings LLC We have a 50% ownership interest in the manager of Gun Lake, MPM.


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Station Casinos extends pay, health benefits for full-time employees through May 15

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traded corporation, (ii) an acquisition of control of Station Casinos LLC, (iii) a of suitability as beneficial owners and controlling beneficial owners of Red Rock THAT NP Landco Holdco LLC is registered as an intermediary company and is.


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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP In the reorganization of Station Holdco LLC ("Station Holdco") and the creation of.


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The Newly Renovated Palace Station Hotel \u0026 Casino - 2018

The results of operations of Fertitta Interactive are reported in discontinued operations in the Condensed Combined Statements of Income for the three months ended March 31, , and the assets and liabilities of Fertitta Interactive are reported separately in the Condensed Combined Balance Sheet as of December 31, Related Party Note Receivable. This note receivable was not acquired in the Fertitta Entertainment Acquisition. The financial position and results of operations attributable to the Holdco Units not owned by the Company will be reported as noncontrolling interest. The preparation of condensed combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. The Company will adopt this guidance in the first quarter of The Company is currently evaluating the impact this guidance will have on its financial position and results of operations, and has not yet determined which adoption method it will elect. As a result, the majority of the purchase price was treated as a deemed distribution for accounting purposes, calculated as the difference between the purchase price and the historical cost of the net assets acquired. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States "GAAP" have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not misleading. The Company is the predecessor entity of Red Rock Resorts for accounting purposes. The principal balance of the note accrues interest at the rate of 4. Income Taxes. Lessor accounting will remain largely unchanged, other than certain targeted improvements intended to align lessor accounting with the lessee accounting model and with the updated revenue recognition guidance issued in Lessees and lessors must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Discontinued Operations. Describes procedure if disclosures are provided in more than one note to the financial statements. Acquisition of Fertitta Entertainment and Reorganization. The Fertitta Entertainment Acquisition constituted an acquisition of an entity under common control which was accounted for at historical cost in a manner similar to a pooling of interests. See Note 2 for additional detail. The Company is a subchapter C corporation subject to both federal and state income taxes. At the closing of the Fertitta Entertainment Acquisition, Fertitta Entertainment did not have material assets other than its workforce and the management agreements with Station LLC, and all debt of Fertitta Entertainment was repaid. Subsidiaries [Member]. Significant Accounting Policies. Station LLC terminated the management agreements other than with respect to the Wild Wild West property between Station LLC and Fertitta Entertainment and entered into new employment agreements with its executive officers and other individuals who were employed by Fertitta Entertainment and provided services to Station LLC through the management agreements prior to the completion of the Fertitta Entertainment Acquisition. In January , one of these restaurants closed and the joint venture ended. Basis of Presentation The accompanying condensed combined financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Basis of Presentation and Significant Accounting Policies. The interim results reflected in these condensed combined financial statements are not necessarily indicative of results to be expected for the full fiscal year. Frank J. Acquisition of Fertitta Entertainment and Reorganization Fertitta Entertainment was formed in October to pursue the acquisition of or obtain management contracts for gaming and entertainment facilities domestically and internationally. In the opinion of management, all adjustments which include only normal recurring adjustments necessary for a fair presentation of the results for the interim periods have been made. In May , the FASB issued a new accounting standard for revenue recognition which requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Actual results could differ from those estimates. Parent [Member]. Effective June , certain wholly-owned subsidiaries of Fertitta Entertainment entered into 25 -year management agreements with Station LLC and certain of its subsidiaries. Basis of Presentation. Prior to the completion of the Fertitta Entertainment Acquisition, Fertitta Entertainment sold certain net assets, including an aircraft and associated debt, to related parties. Under the new guidance, lessees will be required to recognize a right-of-use asset and a lease liability, measured on a discounted basis, at the commencement date for all leases with terms greater than twelve months. The amended guidance requires an acquirer to record changes in depreciation, amortization, or other income effects, if any, as a result of changes to estimated amounts identified during the measurement period, in the reporting period in which the adjustments are identified, calculated as if the accounting had been completed at the acquisition date. Organization and Basis of Presentation. In February , the FASB issued amended accounting guidance that changes the accounting for leases and requires expanded disclosures about leasing activities. The amended guidance is effective for annual reporting periods including interim periods within those periods beginning after December 15, and early adoption is permitted. The new guidance is effective for annual reporting periods including interim periods within those periods beginning after December 15, Early adoption is permitted for annual reporting periods including interim periods within those periods beginning after December 15, Upon adoption, financial statement issuers may elect to apply the new standard either retrospectively to each prior reporting period presented, or using a modified retrospective approach by recognizing the cumulative effect of initial application and providing certain additional disclosures. The accompanying condensed combined financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. The Company is currently evaluating the impact this guidance will have on its financial position and results of operations. Recently Issued and Adopted Accounting Standards. Use of Estimates The preparation of condensed combined financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Fertitta Entertainment was formed in October to pursue the acquisition of or obtain management contracts for gaming and entertainment facilities domestically and internationally. All significant intercompany and intra-company transactions, including the effects of the management agreements, have been eliminated.

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting sheraton nha trang. Accordingly, no provision for income taxes has been station holdco llc owner in the condensed combined financial statements and the Company has no liability associated with uncertain tax positions.

Income Taxes Each of the combined entities are limited liability companies treated as partnerships station holdco llc owner income tax purposes and as such, are pass-through entities that are not liable for income tax in the jurisdictions in which they operate.

The new standard supersedes the existing accounting guidance for revenue recognition, including industry-specific guidance, and amends certain accounting guidance for recognition of gains and losses on the transfer of non-financial assets. The Company adopted this guidance in the first quarter of and the adoption had no impact on its financial position or results of operations. Red Rock Resorts, Inc. In September , the FASB issued amended accounting guidance that simplifies the accounting for measurement-period adjustments in business combinations. Use of Estimates. Each of the combined entities are limited liability companies treated as partnerships for income tax purposes and as such, are pass-through entities that are not liable for income tax in the jurisdictions in which they operate. The amended guidance also requires an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings, by line item, that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date.