TITLE

Station gets more time to submit plan

AUTHOR(S)
Knightly, Arnold M.
PUB. DATE
November 2009
SOURCE
Las Vegas Business Press (10712186);11/30/2009, Vol. 26 Issue 48, pP13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article announces that the deadline set by a bankruptcy judge for Station Casino to produce their own restructuring plan was extended pending modification of key lease agreement opposed by creditors. The deadline was originally set for November 2009 under Chapter 11 rules that provides 120 days for debtors to submit a plan, after which the casino will be auctioned off to any interested parties. Boyd Gaming Corp. is reported to have already offered 950 million U.S. dollars for all of Station's assets.
ACCESSION #
46818043

 

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