LAS VEGAS (AP) — Private casino operator Station Casinos Inc. said Wednesday it lost $1.13 billion during the fourth quarter last year after heavy writedowns on its joint ventures, land and other assets.

The Las Vegas-based company reported the writedowns cost the company $1.29 billion.

The loss compared with losses of $3.37 billion in the fourth quarter of 2008, when the casino operator had one-time charges of $3.4 billion.

Station said its net revenues dropped to $256.5 million in the fourth quarter, compared with $289.8 million in the fourth quarter of 2008.

Station says its loss for all of 2009 was $1.68 billion, compared with $3.27 billion in 2008.

The casino company filed for bankruptcy protection in July.