UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities and Exchange Act of 1934~~

~~(Date~~Securities ~~of earliest~~and ~~event~~Exchange ~~reported):~~Act of ~~November 3,~~1934 ~~2010~~

(Date of earliest event reported): December 22, 2010

ARCHON CORPORATION

(Exact name of Registrant as specified in its charter)

Nevada

1-9481

88-0304348

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification)

2200 Casino Drive

Laughlin, Nevada 89029

(Address of principal executive office and zip code)

(~~775~~702) 732-9120

(Registrant’s telephone number, including area code)

Check the appropriate box bellow if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

¨	Written communication 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.

On ~~June~~December 2322, 2010, the ~~Company~~District ~~through~~Court ~~Form~~for ~~8-K~~the ~~announced~~District ~~its~~of ~~intention~~Nevada, toin ~~purchase~~the upD.E. toShaw ~~225,000~~v. ~~shares~~Archon Corporation case regarding calculation of ~~its~~dividends ~~own~~upon ~~common~~redemption ~~stock~~of inArchon’s ~~accordance~~Exchangeable ~~with~~Redeemable ~~Rule~~Preferred ~~10b-18~~Stock ~~and~~on ~~Securities~~August 31, 2007, ~~and~~issued ~~Exchange~~an ~~Commission~~Order ~~Release~~granting ~~No. 33-8335.~~the ~~Purchases~~Plaintiff’s ~~made~~Motion ~~pursuant to~~for ~~this~~Summary ~~program~~Judgment ~~are~~and ~~reflected~~awarding damages in the ~~relevant~~amount ~~Series~~of 10$7,240,523.64, ~~filings~~and pre-judgment ~~for~~interest in the ~~Company~~amount of $2,275,055.86, for a total judgment of $9,515,579.50.

~~Since~~Also ~~the announcement~~ on ~~June~~December 2322, 2010, ofthe ~~this~~District ~~program~~Court, noin ~~purchases~~the ofLeeward ~~its~~Capital, ~~common~~L.P. ~~stock~~v. ~~had~~Archon ~~been~~Corporation ~~made~~case byregarding the ~~Company,~~same ~~until November 3~~issue, issued ~~2010,~~an atOrder ~~which~~granting ~~time~~ the ~~Company~~Plaintiff’s ~~became~~Motion ~~legally~~for ~~obligated~~Summary toJudgment ~~purchase~~and aawarding ~~grouping~~damages ofin ~~225,000~~the ~~shares~~amount of ~~its common stock~~$206,940.00 ~~causing~~and ~~the~~pre-judgment ~~Company to~~interest ~~reach~~in the ~~maximum~~amount ~~shares~~of ~~allotted~~$79,734.43, tofor bea ~~purchased~~total ~~pursuant~~judgment toof ~~the~~$286,674.43. ~~Rule~~In ~~and Release referenced in~~ the ~~first~~same ~~paragraph above. As a result~~Order, the ~~Company~~Court denied ~~announces~~Archon’s ~~the~~Motion ~~close~~for ofSummary ~~the~~Judgment ~~common~~without ~~stock~~analysis ~~purchase~~or ~~program referenced above~~comment.

In both cases, the Company disagrees with the District Court’s decision and intends to appeal to the Ninth Circuit Court of Appeals. In addition, the Company intends to pursue its claim against third parties involved in the drafting of the Certificate of Designation, including the law firm of Gibson, Dunn & Crutcher, as the Company never intended dividends to be accrued on a compound basis.

SIGNATURE

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.

ARCHON CORPORATION By: /S/ PAUL W. LOWDEN Name: Paul W. Lowden Title: Chairman of the Board/ President

Dated: ~~November~~ December 428, 2010

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