PRATT HOTEL CORP /DE/
8-K, 1994-12-05
MISCELLANEOUS AMUSEMENT & RECREATION
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549



                                   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)           November 30, 1994
                                                 -------------------------------



                            PRATT HOTEL CORPORATION
- - --------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)


        DELAWARE                    1-6339                  75-1295630
- - --------------------------------------------------------------------------------
 (State or other jurisdiction    (Commission               (IRS Employer
       of incorporation)         File Number)           Identification No.)
 

Two Galleria Tower, Suite 2200, 13455 Noel Road, Dallas, Texas  75240
- - --------------------------------------------------------------------------------
                   (Address of principal executive offices)          (Zip Code)



Registrant's telephone number, including area code (214) 386-9777
                                                  ------------------------------



- - --------------------------------------------------------------------------------
        (Former name or former address, if changed since last report.)
<PAGE>
 
Item 5. Other Events

     On November 30, 1994, Hollywood Casino Corporation, the parent of Pratt
Hotel Corporation, issued the press release attached as Exhibit 99.1 to this
Form 8-K relating to the resolution of certain previously disclosed litigation
brought by Hotel Aquarius, B.V. against Hollywood Casino Corporation, Pratt
Hotel Corporation and numerous related-party defendants. Such Exhibit is hereby
incorporated by reference.

Item 7.  Exhibits

Exhibit   
Number             Description
- - ------             -----------

99.1               Press release of Hollywood Casino Corporation dated 
                   November 30, 1994
<PAGE>
 
                                  SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            PRATT HOTEL CORPORATION
                                        ------------------------------- 
                                                Registrant


Date  December 2, 1994                  /s/    John C. Hull
      ----------------                  -------------------------------
                                               John C. Hull
                                            Corporate Controller and
                                          Principal Accounting Officer
<PAGE>
 
                               INDEX TO EXHIBITS



Exhibit
Number            Description
- - ------            -----------

99.1              Press release of Hollywood Casino Corporation dated 
                  November 30, 1994

<PAGE>
 
                                                                    EXHIBIT 99.1

                             FOR IMMEDIATE RELEASE

November 30, 1994

     Jack E. Pratt, Chairman of Hollywood Casino Corporation, and Lars-Erik
Magnusson, Managing Director of Hotel Aquarius B.V., jointly announced today the
settlement of the Litigation filed in United States District Court for the
Southern District of New York on June 19, 1992.  The Litigation, filed by Hotel
Aquarius B.V., named as defendants a predecessor of Hollywood Casino
Corporation, Pratt Hotel Corporation, Mr. Pratt and certain other members of the
Pratt family and their affiliates, and Greate Bay Casino Corporation, formerly a
subsidiary of Pratt Hotel Corporation.  Hollywood Casino Corporation and its co-
defendants had filed counterclaims against Hotel Aquarius B.V., Mr. Magnusson
and their United States representative.

   All parties in the Litigation have executed full releases in favor of the
opposing parties and have instructed their respective attorneys to immediately
file the necessary papers in court to dismiss the litigation with prejudice.
The terms of the Settlement Agreement are confidential and will have no material
effect upon the finances or operations of any of the parties.  No further
comments will be forthcoming from any party.


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