898660--3/5/2008--STATION_CASINOS_INC

related topics
{regulation, change, law}
{condition, economic, financial}
{debt, indebtedness, cash}
{acquisition, growth, future}
{personnel, key, retain}
{competitive, industry, competition}
{loss, insurance, financial}
{capital, credit, 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 experience 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. Our high leverage and debt service obligations could adversely affect our ability to raise additional capital to fund our operations, increase our vulnerability to general adverse economic and industry conditions, expose us to interest rate risk to the extent of our variable rate debt and prevent us from meeting our obligations. Recent instability in the financial markets may have an impact on our ability to raise additional indebtedness. If our economic performance were to decline, we may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful. Recent instability in the financial markets may have an impact on our business.

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