Property and Equipment

9 Months Ended

Sep. 30, 2011

5. Property and Equipment

Property and equipment consists of the following (amounts in thousands):



			Successor			Predecessors
						Station Casinos, Inc.			Green Valley Ranch Gaming, LLC
		Estimated life (years)	September 30, 2011			December 31, 2010
			(unaudited)
Land		—	$	205,100		$	413,933		$	27,179
Buildings and improvements		10-55		1,880,968			2,161,028			450,089
Furniture, fixtures and equipment		2-7		189,748			574,030			135,514
Construction in progress		—		19,134			20,273			584

				2,294,950			3,169,264			613,366
Accumulated depreciation and amortization				(34,518	)		(663,501	)		(186,568	)

	Property and equipment, net		$	2,260,432		$	2,505,763		$	426,798

At September 30, 2011 and December 31, 2010, substantially all property and equipment is pledged as collateral for long-term debt.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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