Station Casinos' Strong Q1

Station Casinos has posted its best first quarter since 2009, noting strong convention business in Las Vegas and a recovering economy.

The casino operator, which owns the Green Valley Ranch and Red Rock Resort, said revenues for the quarter increased 5.6 percent to $329.3 million and net income was $15.3 million, compared with a net loss of $140.8 million the previous year, according to the Las Vegas Review-Journal.

“Station Casinos had a strong start to the year with first quarter results reflecting continued improved performance across all areas of our business,” Chief Financial Officer Marc Falcone said in a statement. “Las Vegas generally is showing signs of bouncing back, with March employment at its highest since 2008. “We continue to execute on our strategy in a challenging environment. Our 2014 priorities remain unchanged as we focus on ways to drive revenue growth and realize operational efficiencies,” he said.

The company recently announced a $55 million renovation project at its properties and also plans to rework restaurants at the casinos.