Las Vegas locals king Station Casinos
The buyout group, Fertitta Colony Partners (FCP), includes Frank and Lorenzo Fertitta, as well as Colony Capital Acquisitions, an affiliate of Colony Capital. Frank Fertitta is CEO and chairman of Station Casinos, and his brother Lorenzo is president and vice chairman.
With Station only the latest casino group to go private, there's one obvious question: Who's next?
Whichever company gets taken off the table, the buyer must be able to realize value from the purchase. Both Station Casinos and Harrah's Entertainment
Who else does that leave? I don't see Pinnacle Entertainment
Motley Fool Hidden Gems
selection Ameristar Casinos
Personally, I'd be cautious about buying casino companies strictly as takeover targets. As an owner, I wouldn't mind holding onto a company like Ameristar or MGM Mirage, even at the currently heightened valuations. But as a buyer, I'd still prefer to maintain price discipline and look for values, rather than bet on a buyout.
A full house of further Foolishness:
- A Last Stop for Station Casinos?
- Is Station Casinos a Buy?
- Dueling Fools: Station Casinos vs. Boyd Gaming
- Betting on a Breakup at Harrah's
- Ameristar: Is an Acquisition Imminent?