Boyd targets Station Casinos in bankruptcy court
Boyd Gaming Corp. has asked a Reno bankruptcy court to allow it to submit a reorganization plan for its ailing rival, Station Casinos, which operates 18 properties in the Las Vegas area. Any such plan would likely lead to Boyd acquiring all or part of Station Casinos, which filed for bankruptcy in July, five months after rejecting a $950 million offer from Boyd. "Let me be clear -- this is a serious offer," said Boyd chief Kevin Smith. "Bankruptcy can be a distracting and expensive process, and it does not appear to be in the best interests of anyone for this to drag on."
Las Vegas Review-Journal | 11/02
This story published in AGA SmartBrief a G2E production on 11/03/2009
Boyd Gaming won't restart construction on Echelon, hopes for Station
Wednesday, October 28, 2009
Retired casino executives weigh in on gaming's future
Monday, August 10, 2009
Crown Ltd. chairman may be making bid for company
Monday, October 12, 2009
|
AGA SmartBrief a G2E production
Designed specifically for gaming industry executives, AGA SmartBrief is a FREE daily e-mail newsletter produced in partnership with the American Gaming Association and the Global Gaming Expo. It delivers must-read casino-entertainment industry news directly to you each weekday. Learn more |
|