Sun and Station Casinos
By Earl
PARADISE ISLAND, The Bahamas, February 15, 2002 - Sun International Hotels

Limited (NYSE: SIH) ('Sun') and Station Casinos, Inc. (NYSE: STN)

('Station') today announced that Station will purchase a 50% interest in

SunOnline Ltd ('SunOnline'), a wholly-owned subsidiary of Sun. Each company

will have equal board representation and SunOnline will be the exclusive

vehicle for both Sun and Station to pursue the Internet wagering business.

In September 2001, SunOnline was awarded one of the first three online

gaming licenses granted by the Isle of Man. In December 2001, SunOnline

became the first Isle of Man licensee to commence operations when it

launched , its

Internet wagering site. The site, operated under strict Isle of Man

regulations, prohibits wagering from jurisdictions that do not permit

Internet wagering including the United States.

'Our strategy for the Internet gaming business is threefold: (1) create a

convenient and entertaining wagering experience; (2) market the credibility

of our land based operations; and (3) maintain the highest level of

regulatory compliance. Sun has the same objectives,' stated Lorenzo

Fertitta, President of Station. 'The combination of Station and Sun will

bring together complementary skills in both operating and marketing this


'We are very pleased to have Station as our partner in this business.

Joining forces with Station enhances our effort to develop an outstanding

Internet gaming platform,' stated Butch Kerzner, President of Sun.

The purchase price will approximate $5 million. The transaction is subject

to certain conditions, including Isle of Man regulatory approval, and is

expected to close by the third quarter of calendar 2002. Because the

venture is in its early stages, the companies have determined it is too

early to provide any guidance regarding projected operating results.

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