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 8, 2007
STATION CASINOS, INC
(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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4 (c))
ITEM 8.01. OTHER EVENTS
ITEM 8.01. OTHER EVENTS
As previously disclosed, Station Casinos, Inc. (the "Company") has
entered into development and management agreements with the North Fork Rancheria
of Mono Indians, a federally recognized Native American tribe located near
Fresno, California, with respect to the proposed development and operation of a
gaming and entertainment facility to be located on approximately 305 acres of
real property in Madera County, California (the "Madera Property"). Fresno Land
Acquisitions, LLC ("FLA"), a wholly-owned subsidiary of the Company, and the
Garold C. Brown Family Limited Partnership and Garold C. Brown (the "Sellers")
are parties to a written agreement (the "Agreement") for the purchase and sale
of the Madera Property. Sellers recently sent a notice to FLA purporting to
terminate the Agreement. On January 8, 2007, FLA filed a complaint (the
"Complaint") in the Superior Court of the State of California for the County of
Madera, seeking declaratory relief and specific performance against the Sellers.
The Complaint alleges, among other things, that the Defendants' attempt to
terminate the Agreement was improper, invalid and based upon an erroneous
interpretation of the Agreement. The Complaint also alleges that FLA has fully
performed all of its obligations under the Agreement, including making all
obligatory payments and complying with all timing requirements thereunder.
Additionally, the Complaint seeks, among other things, a judicial determination
declaring that the Agreement is valid and enforceable in all respects and an
order that the Defendants transfer title and ownership of the subject land to
FLA pursuant to the terms of the Agreement. Although no assurances can be made
with respect to any litigation, the Company believes that FLA's claims are
meritorious and intends to prosecute this action vigorously. The Company plans
to continue contributing financial support to this project, even though there
can be no assurances as to the outcome of the litigation regarding the Madera
Property or when or if the necessary governmental and regulatory approvals will
be obtained for the project.
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 12, 2007 By: /s/Glenn C. Christenson
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Glenn C. Christenson
Executive Vice President, Chief
Financial Officer, Chief
Administrative Officer and Treasurer