TITLE

DEADLINE LOOMS FOR HERBST GAMING

AUTHOR(S)
Stutz, Howard
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Herbst Gaming needs to pay its bondholding more than $846.8 million or draft a restructuring plan for its debt payments. It notes that the company must be able to accomplish one of these tasks until December 3, 2008. According to the author, this company, which operates 15 casinos in Nevada and the Midwest, was facing bankruptcy unless it could restructure its $1.2 billion debt. The company received a notice that its bondholders are demanding for payment of the outstanding principal on the loans.
ACCESSION #
35620054

 

Related Articles

  • Herbst Gaming needs to pay bondholders or draft restructuring plan. Stutz, Howard // Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP15 

    The article reports that Herbst Gaming needs to pay its bondholding more than $846.8 million or draft a restructuring plan for its debt payments until December 3, 2008. According to the author, this company, which operates 15 casinos in Nevada and Midwest, was facing bankruptcy unless it could...

  • Herbst Gaming files bankruptcy plan. Stutz, Howard // Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP13 

    The article reports that Herbst Gaming has filed a prepackaged Chapter 11 bankruptcy reorganization plan in March 2009. It is stated that this filing will result in the company losing ownership of its casinos but retaining control of its slot machine route in Nevada. The company previously...

  • Herbst Gaming will split businesses. Stutz, Howard // Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP14 

    The article announces that Herbst Gaming will file for bankruptcy with the U.S. Bankruptcy Court in Nevada in a strategic endeavor to split its casino and its slot route businesses in Nevada, Iowa and Missouri. The decision was made after the gaming company's lenders agreed to restructure its...

  • Remade Herbst Gaming expected to exit bankruptcy by year's end. Stutz, Howard // Las Vegas Business Press (10712186);12/13/2010, Vol. 27 Issue 50, pP12 

    The article reports on the focus of Herbst Gaming's new management and owners on the operations of the casino company and slow machine routes such that the reconstituted company is expected to exit bankruptcy by the end of 2010.

  • Filing suggests Herbst Gaming faces hurdles. Stutz, Howard // Las Vegas Business Press (10712186);4/7/2008, Vol. 25 Issue 14, p18 

    The article reports on the possibility for casino operator Herbst Gaming to file for bankruptcy protection unless it can reorganize a payment structure for its more than $1.146 billion debt. According to it, several factors have negatively affected the firm including the failing economic...

  • BUFFALO BILL'S TO CLOSE UNTIL CHRISTMAS EVE. Stutz, Howard // Las Vegas Business Press (10712186);12/13/2010, Vol. 27 Issue 50, pP12 

    The article reports that Buffalo Bill's in Primm was closed by Herbst Gaming until Christmas Eve to accommodate renovations to the property's rooms and portions of the casino.

  • HERBST GAMING EXPLORING ALL OPTIONS. Stutz, Howard // Las Vegas Business Press (10712186);9/1/2008, Vol. 25 Issue 35, p16 

    The article reports on the September 30, 2008 deadline being faced by Las Vegas, Nevada-based Herbst Gaming to come up with a financial restructuring plan covering nearly $1.2 billion in debt. It mentions that the casino and slot machine-route operator was looking at a possible bankruptcy filing...

  • 'Terrible' moves. Holtmann, Andy // Casino Journal;Mar2005, Vol. 18 Issue 3, p11 

    Reports on the expansion of Nevada-based Herbst Gaming Inc. in Missouri in 2005. Acquisition of the Saint Jo Frontier Casino in Saint Joseph and the Mark Twain Casino in La Grange by the company; Value of its deal with Grace Entertainment; Renovations that will be done to the casino properties.

  • 'Terrible' deal.  // Casino Journal;Jan2007, Vol. 20 Issue 1, p9 

    The article reports on the decision of MGM Mirage to sell its Primm Valley resort properties to Herbst Gaming Inc. for $400 million under a contract agreed by the two companies. It mentions that there are 2,644 guest rooms, 136,000 square feet of casino space, 2,900 slot machines, 98 gaming...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics