Unsecured creditors have filed objections with parts of the firm's proposals
Station Casinos seek to keep funding operations
2009-09-02
Reading time 16 seg
It wants US Bankruptcy Judge Gregg Zive to let it use us$ 30 million in cash collateral to pay capital and operational expenses for 13 weeks.
Unsecured creditors have filed objections with parts of the company's proposals. They argue that fixed interest rates on some Station loans is higher than current market rates, hurting the company.
Almost us$ 2.5 billion in mortgage-backed securities are leveraged against four of the company's hotel-casinos.
Leave your comment
RELATED NEWS
Venue to include HHR, live music, hotel
Kansas: Former Wichita Greyhound Park to reopen as Gilley’s with gaming and hospitality plans
Casino Del Sol Vahi Taa’am
Arizona: Casino Del Sol unveils name for new Tucson Grant Road property
Assembly Bill 831
VGW allies with small California tribe to fight anti-sweepstakes bill
COMPANIES
One-year license, renewable annually
Slotegrator obtains Anjouan B2B license for iGaming operations
Connects 128 Clover Link slots with shared prizes
DRGT and APEX power Mexico's first national symbol-driven WAP jackpot, launching across PlayCity Casino's 17 venues
Winner to be announced on Sept. 1
1xBet shortlisted for Best Casino Operator 2025 award at SiGMA Euro-Med
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
Show to explore challenges and opportunities
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
AI, sports, and iGaming startups compete
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Live edition of The Safe Bet Show
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
Uzbekistan, 25 – 26 September
SPiCE Central Asia to explore shifts and trends in the region's gaming ecosystem in just six weeks
EVENTS CALENDAR
Highlighted
SiGMA Euro-Med
Highlighted
Indian Gaming Tradeshow & Convention Mid-Year Conference
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
EEGS 2025 Eastern European Gaming Summit
Highlighted
G2E Asia Philippines 2025
DEC 10th 25 / DEC 11th 25
Live Event Marriott Grand Ballroom, Manilla Marriott Hotel, Philippines
Highlighted
