Exhibit (d)(4)
Colony Capital, LLC
1999 Avenue of the Stars
Suite 1200
Los Angeles, CA 90067
May 4, 2007
Special Committee of the Board of Directors of Station Casinos, Inc.
2411 West Sahara Avenue
Las Vegas, Nevada 89102
Gentlemen:
We hereby confirm that as of the date set forth above the Limited Guarantee, dated February 23, 2007, by Colony Investors VII, L.P., Colony Investors VIII, L.P. and Colony Parallel Investors VIII Holdings, L.P. in favor of Station Casinos, Inc. remains in full force and effect.
| Sincerely, | |||
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| COLONY INVESTORS VII, L.P., | ||
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| By: |
| /s/ Jonathan H. Grunzweig |
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| Name: Jonathan H. Grunzweig |
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| Title: Vice President |
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| COLONY INVESTORS VIII, L.P., | ||
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| By: |
| /s/ Jonathan H. Grunzweig |
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| Name: Jonathan H. Grunzweig |
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| Title: Vice President |
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| COLONY PARALLEL INVESTORS VIII HOLDINGS, L.P., | ||
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| By: |
| /s/ Jonathan H. Grunzweig |
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| Name: Jonathan H. Grunzweig |
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| Title: Vice President |
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