On July 23, 2010, Fertitta Gaming LLC (“Fertitta Gaming”), Mr. Frank Fertitta, Mr. Lorenzo Fertitta, FJF Investco, LLC, LJF Investco, LLC, FCP Class B HoldCo LLC, FC Investor LLC, Mr. Barrack and Colony Capital, LLC (“Colony”) entered into an Amended and Restated Memorandum of Understanding (the “Amended and Restated MOU”), which amends and restates in its entirety that certain Memorandum of Understanding that was entered into by the parties thereto on March 23, 2010 and filed as an exhibit to the amendment to Schedule 13D of the Reporting Persons filed on May 19, 2010. Pursuant to the Amended and Restated MOU, the parties thereto agreed, among other things, to support the approval of the joint plan of reorganization (the “Plan”) of Station Casinos, Inc. (“SCI”) and its affiliates that are debtors and debtors in possession (the “Debtors”), and for Mr. Frank Fertitta and Mr. Lorenzo Fertitta, through a controlled affiliate, to grant certain equity options, warrants and certain other rights in a holding company formed to hold all of the equity interests in reorganized FCP PropCo, LLC (“Holdco”) to an affiliate of Colony. This summary of the Amended and Restated MOU does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated MOU, which is attached hereto as Exhibit 7.02 and incorporated by reference in its entirety into this Item 4. Bankruptcy law does not permit solicitation of acceptances of a plan of reorganization until the bankruptcy court approves the disclosure statement relating to such plan. Accordingly, this schedule is not intended to be, nor should it be construed as, a solicitation for a vote on the joint plan of reorganization of SCI and its subsidiaries that are debtors and debtors in possession. By virtue of the relationships among the Reporting Persons described herein, the Reporting Persons may be deemed to constitute a “group” within the meaning of Rule 13d-5(b) under the Act. As a member of a group, each Reporting Person may be deemed to beneficially own the securities beneficially owned by the members of the group as a whole. Mr. Barrack, Mr. Frank Fertitta and Mr. Lorenzo Fertitta disclaim beneficial ownership of any securities owned by others who may be deemed to be members of a group. This Item 4 shall be deemed to supplement Item 4 of each of the Frank Fertitta Schedule 13D, the Lorenzo Fertitta Schedule 13D, the Voteco Schedule 13D and the Thomas Barrack Schedule 13D. |