Not much of a surprise given all that's gone on with the company - it seems they are going to use the bankruptcy laws to attempt to re-organize.
http://www.lasvegassun.com/news/2009/mar/18/station-seek-bankruptcy-protection-april-15/
Not much else to say - just the latest step for Station as it attempts to survive a dramatic fall off of its Las Vegas business combined with the staggering debt load accumulated by going private.
Comments
i think we will be seeing much more of this very soon. Many companies are standing on their last leg right now.