Major Gambler » lenders-needed http://www.majorgambler.com tips from a casino insider Thu, 05 Aug 2010 12:23:05 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Business: Station Casinos files for bankruptcy http://www.majorgambler.com/business-station-casinos-files-for-bankruptcy/589 http://www.majorgambler.com/business-station-casinos-files-for-bankruptcy/589#comments Fri, 31 Jul 2009 18:41:04 +0000 admin http://www.majorgambler.com/business-station-casinos-files-for-bankruptcy/589 Station Casinos, Inc., of Las Vegas, Nevada, filed for Chapter 11 bankruptcy protection this week. The casino chain, which catered primarily to Las Vegas residents as opposed to the tourist-oriented resorts along the famous Las Vegas Strip, could not reach an agreement with lenders needed to pay down its debts. With the decline in gambling income from its eighteen casinos, the company built up a debt of over US$5.7 billion, of which bondholders hold US$2.3 billion, according to Chief Accounting Officer Tom Friel

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Business: Station Casinos files for bankruptcy

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