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Off-Strip Las Vegas company Station Casinos to go public

The off-Strip casino-hotel chain Station Casinos that caters to Las Vegas locals is going public, again.

The company announced last week it plans to make a public stock offering and use some of the money it raises to buy out a related management company for $460 million in cash.

Brothers Frank Fertitta III and Lorenzo Fertitta own the management company as well as a 58 percent stake in Station Casinos.

The company owns or partly owns 21 casinos in the Las Vegas area, Northern California and Michigan.

It's been on the upswing since filing for bankruptcy in mid-2009, emerging two years later with less debt.

The company hasn't revealed how much it expects to raise from the public offering, at what share price and which stock market it will be traded on.

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