International edition
September 18, 2021

Station Casinos filed for bankruptcy protection in July

Boyd Gaming seeks competing plans for Station Casinos

(US).- Casino operator Boyd Gaming Corp has asked a US bankruptcy court to allow alternative reorganization plans for bankrupt rival Station Casinos, court documents showed. In a filing on Sunday, Boyd Gaming also said it supports an earlier motion by certain lenders that seeks the appointment of an examiner to assess rival bids.

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tation Casinos, which operates casinos catering to Las Vegas residents rather than tourists, filed for bankruptcy protection in July. "Since the debtors (Station Casinos) have shown little interest in developing alternatives with potential buyers like Boyd, an examiner appears to be the logical intermediary between the reluctant debtors and motivated buyers," Boyd Gaming said.

In February, Boyd Gaming said it was interested in exploring an acquisition of Station Casinos. It filed a motion in October seeking extension of its exclusivity period, a 120-day breathing spell under U.S. bankruptcy law during which it exclusively can file a reorganization plan.

Boyd Gaming said such an extension should be subject to conditions that will allow alternative plans to be developed during the time. The bankruptcy case is In re: Station Casinos Inc, United States Bankruptcy Court, District of Nevada, No. 09-52477.

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