Two Way Hard Three | Las Vegas Casino & Design Blog

January 31, 2009

RJ: Analyst Believes Station Near Default

Posted by Hunter

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.



Comments

Read archived comments (3 so far)
January 31, 2009 10:20 AM Posted by hail2skins

AC Press indicates MGM considering selling some of the Marina land.

http://www.pressofatlanticcity.com/106/story/389250.html

February 3, 2009 4:33 PM Posted by Mark D

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

February 21, 2009 12:48 PM Posted by HearditinVegas.com Admin

That is crazy. Oh well, guess I will not be visiting them anytime soon!!