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Casino News - August 10th, 2009 - Written by Glen
As many companies feel financial hurt, some which have been filing for bankruptcy, they begin to either close their doors while laying off employees. This will not be the case with Station, as they have pledged to continue full operation as long as possible. The court process will take an undetermined amount of time, but players and employees alike will still be able to to reap the benefits of their casinos.
When Station Casinos originally announced their voluntary filing of Chapter 11, several players came forward with concerns of their comp points. Despite the financial trouble the Casinos have found themselves in, the accumulated comp points will still carry value.
The Boarding Pass program is the VIP program in place by Station Casinos. They reward their players with free slot play and other, more material, rewards. These can range from free food to entertainment. They even offer free play points from playing with free play points being redeemed. The rewards can even be met by a multiplier, giving players an immense amount of free play. Players were originally concerned with losing out on their bonuses, but this is not the case - the rewards program will run uninterrupted.
Additionally, all the promotions and events that take place through Stations Casinos will continue to move forward without a hitch. These programs include free food, cheap vacations, and live entertainment. Shows and concerts are still planned for the upcoming future and will not be canceled on accounts of the Casino's debtors.
Most importantly, there are the jobs. Those who work for Station will not be at risk of losing their job. With unemployment rates on the rise and casino revenues dropping, employment in the industry is shaky at best. Stations has released a press release to comfort their employees, as they have no intention on releasing them from their careers.
Frank J. Fertitta III, Chairman and CEO of Station Casinos, stated that "The restructuring of our debt will provide us with the financial flexibility necessary to meet the challenges of the current economic environment." With this in mind, that flexibility should help to keep many employed under the Station umbrella.
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