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Station Casinos emerges from bankruptcy

VEGASINC.com,  Friday, June 17, 2011 at 9:07:47 PM

Station Casinos of Las Vegas today said it emerged from bankruptcy.

Nearly two years after its Chapter 11 reorganization filing, the company is out of bankruptcy after its plans were confirmed during the past few weeks by Bankruptcy Judge Gregg Zive in Reno and Nevada casino regulators.

The founding Fertitta family and key lenders will maintain control of the company and all its properties except Aliante Station, which was spun off to holders of $378 million of its debt. Station will continue to manage Aliante Station, a property in North Las Vegas.

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