898660--3/15/2006--STATION_CASINOS_INC

related topics
{regulation, change, law}
{acquisition, growth, future}
{personnel, key, retain}
{condition, economic, financial}
{competitive, industry, competition}
{loss, insurance, financial}
{loan, real, estate}
We face substantial competition in the gaming industry. Certain construction risks may arise during the building of any new property. We may experienc e difficulty integrating operations of our acquired companies and developed properties and managing our overall growth which could have a material adverse effect on our operating results. We rely on key personnel, the loss of the services of whom could materially and adversely affect our results of operations. We regularly pursue new gaming acquisition and development opportunities and may not be able to recover our investment or successfully expand to additional locations. We are subject to extensive state and local regulation and licensing and gaming authorities have significant control over our operations which could have an adverse effect on our business. We are subject to Native American gaming regulations which could have an adverse effect on our business. Factors affecting the economy and consumer confidence may harm our operating results. We depend on key markets and may not be able to continue to attract a sufficient number of guests and gaming customers in Nevada to make our operations profitable. We may incur losses that are not adequately covered by insurance which may harm our results of operations. Factors affecting tax laws could have an adverse effect on our business.

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