TITLE

Herbst Gaming files bankruptcy plan

AUTHOR(S)
Stutz, Howard
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/30/2009, Vol. 26 Issue 13, pP13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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 negotiated an agreement with a majority of its secured lenders covering millions of dollars in debt.
ACCESSION #
40539078

 

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