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): October 1, 2004
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 2.01. Completion of Acquisition or Disposition of Assets
Station Casinos, Inc. ("Station") today announced it has purchased the real
property and improvements formerly known as the Castaways Hotel, Casino and
Bowling Center in Las Vegas, Nevada, for $33.75 million. The Castaways closed on
January 26, 2004, shortly after its former owners filed for bankruptcy.
"We are pleased to add this approximately 26-acre site to our portfolio of
gaming-entitled parcels in the Las Vegas area," said Glenn Christenson,
executive vice president and chief financial officer of Station. "Our purchase
of this parcel of land is consistent with our long-term strategy of acquiring
gaming-entitled sites throughout the valley," said Christenson.
"It's clear that the existing facility is not competitive in its current state,
so we are currently evaluating the property. Until we finish our evaluation, it
is premature to discuss our plans for the sight," stated Christenson.
Station Casinos owns and operates Palace Station Hotel & Casino, Boulder Station
Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Casino and Wild Wild
West Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling Hall &
Hotel and Fiesta Rancho Casino Hotel in North Las Vegas, Nevada, and Sunset
Station Hotel & Casino, Fiesta Henderson Casino Hotel, Magic Star Casino and
Gold Rush Casino in Henderson, Nevada. Station also owns a 50 percent interest
in both Barley's Casino & Brewing Company and Green Valley Ranch Station Casino
in Henderson, Nevada and a 6.7 percent interest in the Palms Casino Resort in
Las Vegas, Nevada.
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: October 1, 2004 By: /s/
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Glenn C. Christenson
Executive Vice President, Chief
Financial Officer, Chief Administrative
Officer and Treasurer