Stations Casinos Inc. is re-purchasing up to 10 million shares or about $140 million, of its stock.
The buyback, taking place over an unspecified time, represents almost 18 percent of the company's 57.8 million shares outstanding.
Stations finished at $14.38 per share on the New York Stock Exchange after Friday's close, a rise of 2.7 percent. The Las Vegas-based hotel and casino operator earned $69.58 million over the past 12 months on revenue of $915 million.
