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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
JANUARY 3, 2001
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Date of Report (date of earliest event reported)
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 file (IRS employer
of incorporation) number) identification number)
2411 WEST SAHARA AVENUE
LAS VEGAS, NEVADA 89102
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(Address of principal executive offices) (Zip code)
(702) 367-2411
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
On January 3, 2001, Fiesta Station, Inc. (the "Purchaser"),
a wholly-owned subsidiary of Station Casinos, Inc. (the "Company"), acquired
substantially all of the assets of the Fiesta Casino Hotel from Fiesta Hotel
Corporation, a subsidiary of Joe G. Maloof & Company, Inc. for an aggregate
purchase price of approximately $170.0 million. The Fiesta Casino Hotel is
located at the intersection of Lake Mead Boulevard and Rancho Road in North
Las Vegas, Nevada. Situated on 25 acres, the Fiesta Casino Hotel offers
approximately 70,000 square feet of casino space featuring 1,900 gaming
devices and 30 table games, 100 guest rooms, four full-service restaurants, a
buffet, several fast-food outlets, bingo and a race and sports book. The
property will retain the Fiesta name and theme. The Company, Fiesta Hotel
Corporation and certain members of the Maloof family have also agreed to
jointly finance a portion of the construction costs for the development of a
hotel and casino located in Las Vegas, Nevada.
The purchase price for the Fiesta Casino Hotel was paid in
cash and included a non-compete agreement with Joe G. Maloof & Co, Fiesta Hotel
Corporation and certain members of the Maloof family. The non-compete agreement
extends for a 25-mile radius from the Fiesta Casino Hotel and excludes the
property owned by Joe G. Maloof & Company on Flamingo Road and Arville Street in
Las Vegas, the Las Vegas Strip and downtown Las Vegas. The purchase price was
determined through arms-length negotiations between the Company and Fiesta Hotel
Corporation. The Company used a portion of the proceeds from the recent sale of
its Missouri properties to finance the purchase of the Fiesta Casino Hotel.
The purchase was consummated pursuant to that certain Asset
Purchase Agreement dated as of July 19, 2000, by and among the Company, Fiesta
Hotel Corporation, Los Pueblos, Inc. and Joe G. Maloof & Company, Inc.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS.
A list of exhibits included as a part of this report is set
forth in the Exhibit Index which immediately precedes such exhibits and is
hereby incorporated by reference herein.
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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: JANUARY 9, 2001 /s/ Glenn C. Christenson
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Glenn C. Christenson
Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
10.56 Asset Purchase Agreement dated as of July 19, 2000, by and among the
Company, Fiesta Hotel Corporation, Los Pueblos, Inc. and Joe G.
Maloof & Company, Inc.
10.57 Amendment dated as of January 2, 2001 to Asset Purchase Agreement
dated as of July 19, 2000, by and among the Company, Fiesta Hotel
Corporation, Los Pueblos, Inc. and Joe G. Maloof & Company, Inc.
99.1 Press Release, dated January 4, 2001.
