SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 23, 2001
STATION CASINOS, INC
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(Exact name of registrant as specified in its charter)
NEVADA 000-21640 88-0136443
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(State or other jurisdiction (Commission (I.R.S.Employer
of incorporation) File Number) Identification No.)
2411 WEST SAHARA AVENUE, LAS VEGAS, NEVADA 89102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 367-2411
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On January 23, 2001, Station Casinos, Inc. (the "Company") released the
Company's financial results for the quarter and year ended December 31, 2000 and
commented on its outlook for 2001. A press release detailing such performance
and outlook is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
In November the Company entered into a Settlement and Final Order
with the Missouri Gaming Commission (the "MGC"). The settlement addressed all
outstanding issues between the MGC and the Company and its affiliates,
including (1) allegations relating to the activities of Michael Lazaroff, an
attorney who formerly represented the Company in Missouri, and (2) other
unrelated, pending disciplinary actions which sought administrative penalties
totaling $400,000. Although denying any wrongdoing, the Company paid an
administrative penalty of $1 million to the MGC as part of the settlement
after the closing of the sale of the Company's Missouri properties to
Ameristar Casinos, Inc.
On December 20, 2000, the Company and Kansas City Station
Corporation were named as defendants in an action styled FITZERALD'S SUGAR
CREEK, INC. V. KANSAS CITY STATION CORP., ET.AL., No. 00CV230480 (Circuit
Court of Jackson County, Missouri). The Company and its subsidiary responded
to this lawsuit on January 19, 2001 and moved to remove the case to
bankruptcy court in Nevada. The plaintiff alleges that the defendants are
liable for unspecified actual and punitive damages and other relief, based on
alleged tortious interference with the plaintiff's business expectancy of
receiving a Missouri gaming license in the Kansas City metropolitan area. The
allegations of the petition appear to be based on the same issues involved in
the Lazaroff investigation. The plaintiff also alleges claims based on
fraudulent concealment and civil conspiracy. Although no assurance can be
made with respect to any litigation, the Company and its subsidiary do not
believe the suit has merit and intend to defend this case vigorously. At this
early date, no assessment can be made of any potential outcome.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) The following documents are filed as exhibits to this report:
EXHIBIT NO. DESCRIPTION
99.1 Press Release dated January 23, 2001.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Station Casinos, Inc.
Date: January 23, 2001 By: /s/ Glenn C. Christenson
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Glenn C. Christenson
Executive Vice President, Chief
Financial Officer, Chief
Administrative Officer and
Treasurer
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EXHIBIT INDEX
EXHIBIT
99.1 Press Release dated January 23, 2001.
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