A complex USD 8.9 billion stock buyout-debt assumption of Station Casinos by members of its founding Las Vegas family and real estate investment firm Colony Capital was endorsed Thursday by the Nevada Gaming Control Board. Under the takeover deal, brothers Frank Fertitta III and Lorenzo Fertitta, top executives of Station Casinos Inc. are joining with California-based Colony to form Fertitta Colony Partners, which will take over Station's 12 casinos in the Las Vegas area and other interests.