TITLE

STATION CASINOS NEAR BRINK OF DEFAULT

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/16/2009, Vol. 26 Issue 7, pP22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the opinion of Peggy Holloway, a Moody's Investor Service analyst, that Station Casinos Inc., an operator of area properties in Las Vegas, Nevada, could be on the brink of default. As of the third quarter that ended on September 30, 2008, the company carried a $5.4 billion debt. But Holloway states that the company will not be bankrupt based on a liquidity perspective.
ACCESSION #
40538666

 

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