Two Way Hard Three | Las Vegas Casino & Design Blog
July 28, 2009
Station Casinos Files Chapter 11 Bankruptcy
Posted by HunterNot much detail but the troubled Las Vegas locals operator has filed for protection and reorganization under the bankruptcy code.
http://www.lasvegassun.com/news/2009/jul/28/station-casinos/
Station 'went private' in 2007 as part of a $9 billion deal.
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- parchedearth recently commented "Apparently, the debtholders rejected the prepackaged BK plan so it should b..." in Station Casinos Files Chapter 11 Bankruptcy
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Comments
Apparently, the debtholders rejected the prepackaged BK plan so it should be interesting to see whether they wipe out the equity positions of Colony and the Fertittas.