Click here for Mobile Site: http://m.cbs13.com
  • Font Size    
Advertising

Top Video

Car Slams Into Home Overnight
E-mail

Close Window E-mail This Page

Station Casinos Files For Bankruptcy

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +    Comments
Jul 28, 2009 5:26 pm US/Pacific

Station Casinos Files For Bankruptcy

More Local News
LAS VEGAS (AP) ― Station Casinos Inc. says it's voluntarily seeking Chapter 11 bankruptcy protection.

Tuesday's federal bankruptcy filing comes after months of negotiations between the Las Vegas-based casino operator and its bondholders.

None of its casino-operating subsidies or affiliates is included in the filing with the U.S. Bankruptcy Court in Reno, Nev., the company said.

It says operations will continue.

The 33-year-old company has struggled to pay down debt since becoming private in 2007. A decline in tourism after years of booming profits for the industry has compounded its challenges.

Station Casinos owns and manages 18 casinos and resorts, primarily in Nevada and in California.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Add Comment

here. here. Need a log in? Register here
  •  * Will not be displayed with comment
  •  * e.g. (http://www.mywebsite.com)
  •  
  • Click here to refresh with new letters

Show Comments (0)

Close Window Login


Close Window Flag Comment


loading...

© MMX Sacramento Television Stations Inc. All rights reserved.