8-K 1 e8k111601.txt ALPHA HOSPITALITY CORPORATION 8-K 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: November 16, 2001 ALPHA HOSPITALITY CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 1-12522 13-3714474 (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 12 East 49th Street, 24th Floor, New York, New York 10017 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 750-3500 Item 5. Other Events The Company's Ella Star Casino has experienced a dramatic decrease in passenger levels from those previous to September 11, 2001 terrorist attacks on the World Trade Center and Pentagon, which decrease was further exacerbated by the crash of American Airlines flight 587 out of New York's John F. Kennedy airport on Monday, November 12, 2001. Management of the Company believes that such conditions may extend into and possibly through the upcoming high tourism season. As a consequence of this assessment, on November 14, 2001, the Company decided to temporarily suspend operations of the Ella Star Casino. This action will allow the Company to review options concerning the future operation of the facility. These options may include the reopening of the facility if the travel and hospitality industries begin an upswing or the possibility of divesting its interest in the operation. Additionally, the Company is also reviewing all costs associated with this action. SIGNATURES 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. Dated: November 16, 2001 ALPHA HOSPITALITY CORPORATION (Registrant) By: /s/ Robert Steenhuisen Robert Steenhuisen Chief Accounting Officer