0001013559-01-500014.txt : 20011010
0001013559-01-500014.hdr.sgml : 20011010
ACCESSION NUMBER: 0001013559-01-500014
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20011005
ITEM INFORMATION: Other events
FILED AS OF DATE: 20011005
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: COAST HOTELS & CASINOS INC
CENTRAL INDEX KEY: 0001013559
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 880345706
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-04356
FILM NUMBER: 1752861
BUSINESS ADDRESS:
STREET 1: 4500 W TROPICANA AVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89103
BUSINESS PHONE: 7023657000
MAIL ADDRESS:
STREET 1: 4500 W TROPICANA AVE
CITY: LAS VEGAS
STATE: NV
ZIP: 89103
8-K
1
chc8k-100501.txt
COAST HOTELS AND CASINOS, INC.
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): October 5, 2001
COAST HOTELS AND CASINOS, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-04356 88-0345706
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
4500 West Tropicana Avenue, Las Vegas, Nevada 89103
(Address of principal executive offices) (Zip Code)
-
Registrant's telephone number, including area code: (702) 365-7000
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On October 5, 2001, Harlan Braaten, President and Chief Operating Officer
of Coast Hotels and Casinos, Inc., presented a live audio webcast to discuss
business levels at the Company's four Las Vegas hotel-casinos in the period
following the September 11, 2001 terrorist attacks. Mr. Braaten stated that, on
a consolidated basis, revenues in the period from September 11, 2001 through
September 30, 2001 were up approximately 3% compared to the same period in 2000.
EBITDA (earnings before interest, taxes, depreciation, amortization, deferred
rent and certain non-recurring items, including pre-opening expenses) was down
approximately 4% in the period, due primarily to reduced foot traffic at the
Barbary Coast on the Las Vegas Strip. Gaming revenues at each of our three
locals-oriented hotel-casinos were flat or up slightly, despite lower hotel and
restaurant customer counts during the twenty days ended September 30, 2001.
Prior to the incident, our third quarter had been relatively strong. We
estimate that EBITDA in the quarter ended September 30, 2001 was approximately
$29 to $30 million, compared to $21.3 million in the third quarter of 2000.
Certain expansion projects that had been announced or started at our
hotel-casinos prior to September 11, 2001 are still continuing. We have no
current plans to change the scope or timing of these projects at this time, but
will continue to monitor business conditions to determine if changes should be
considered.
SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
COAST HOTELS AND CASINOS, INC.,
a Nevada corporation
By: /s/ Gage Parrish
---------------------------------------
Name: Gage Parrish
Title: Vice President and Chief
Financial Officer
October 5, 2001
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