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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) September 25, 1998
STATION CASINOS, INC.
(Exact name of registrant as specified in its charter)
NEVADA
(State or other jurisdiction of incorporation)
000-21640 88-0136443
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(Commission File Number) (IRS Employer 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
N.A.
(Former name or former address, if changed since last report)
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STATION CASINOS, INC.
Item 5. Attached is a press releases issued by the Registrant on September 25,
1998. The press release is incorporated herein by this reference.
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STATION CASINOS, INC.
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 thereunto duly authorized.
Station Casinos, Inc.
Date: October 2, 1998 /s/ Glenn C. Christenson
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Glenn C. Christenson
Executive Vice President
and Chief Financial Officer
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STATION CASINOS, INC
EXHIBIT INDEX
99.1 The Registrant's press release, dated September 25, 1998.
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September 25, 1998
STATION CASINOS ANNOUNCES AUTHORIZATION TO RE-PURCHASE COMPANY STOCK
LAS VEGAS,- Station Casinos, Inc. ("Station") announced today authorization by
its Board of Directors to re-purchase up to an aggregate of $30 million of its
outstanding equity securities. The equity securities may be acquired in the
open market or in negotiated transactions from time to time in compliance with
Securities and Exchange Commission (SEC) rules. The re-purchase of shares is
not currently permitted under the Company's Reducing Revolving Credit Facility.
The Authorization to purchase shares is contingent on receiving approval from
the Company's bank group.
Station Casinos, Inc. is multi-jurisdictional gaming company that owns and
operates the Palace Station Hotel & Casino, the Boulder Station Hotel & Casino,
the Texas Station Gambling Hall & Casino, the Boulder Station Hotel & Casino,
the Texas Station Gambling Hall & Hotel, and the Wild Wild West Gambling Hall &
Hotel in Las Vegas, Nevada, Sunset Station Hotel and Casino in Henderson,
Nevada, as well as slot machine route management services in Clark County,
Nevada. Station Casinos, Inc. also owns and operates Station Casino St.
Charles, a gaming and entertainment facility in St. Charles, Missouri, and
Station Casino Kansas City, a gaming and entertainment facility in Kansas City,
Missouri.
This press release may be deemed to contain certain forward-looking statements
with respect to the financial condition, results of operations and expansion
projects of Station and its subsidiaries which involve risks and uncertainties
including, but not limited to, competition from other gaming operations, the
inherent uncertainty and costs of prolonged litigation, construction risks, and
licensing and other regulatory risks. The Company is in the process of
negotiating an amendment to its existing bank facility. Until the documentation
of this amendment is complete, including the bank approval of the re-purchase of
$30 million of the Company's equity securities, there can be no assurance as to
the ability of Station to re-purchase such securities. Further information on
potential factors which could effect the financial condition, results of
operations, expansion projects of Station and its subsidiaries are included in
the fillings of Station with the Securities and Exchange Commission (SEC),
including, but not limited to Station's Annual Report on Form 10-K for the
fiscal year ended March 31, 1998 and Registration Statement on Form S-4 file No.
333-30685.
CONTACT: Glen C. Christenson, Executive Vice President/Chief Financial
Officer/Chief Administrative Officer, 800-544-2411, Rod. S. Atamian, Vice
President of Financial Services, 800-544-2411, or Jack Taylor, Director of
Public Relations, 702-221-6900, all of Station Casinos Inc.
