According to the RJ, an analyst at Moody's believes that recently privatized Station Casinos is about to run out of cash.
http://www.lvrj.com/business/38743474.html
Given the operating environment, I wouldn't be surprised.
AC Press indicates MGM considering selling some of the Marina land.
http://www.pressofatlanticcity.com/106/story/389250.html
Station Casinos did indeed miss the bond payment today, so they are probably planning to file for bankruptcy. http://www.reuters.com/article/bondsNews/idUSN0352057220090203
That is crazy. Oh well, guess I will not be visiting them anytime soon!!
Comments
AC Press indicates MGM considering selling some of the Marina land.
http://www.pressofatlanticcity.com/106/story/389250.html
Station Casinos did indeed miss the bond payment today, so they are probably planning to file for bankruptcy.
http://www.reuters.com/article/bondsNews/idUSN0352057220090203
That is crazy. Oh well, guess I will not be visiting them anytime soon!!