James Kent Law - LTD

Riviera Holdings Corp., owner of casinos in Las Vegas and Colorado, filed for Chapter 11 bankruptcy reorganization Monday.

Platoons of attorneys in the Station Casinos Inc. bankruptcy case have more work to do as new objections are being filed in the Las Vegas company’s complex bankruptcy case. Attorneys for Station and its creditors are also preparing for hearings July 15-16.

Black Gaming’s Chapter 11 bankruptcy reorganization plan was approved today. The reorganization was needed when it was unable to service debt and liabilities of $253.4 million.

Two Las Vegas casino companies are resisting efforts by bondholders to have action in their bankruptcy cases delayed while bondholders appeal adverse rulings.

Two companies that planned to develop casinos in Laughlin filed for Chapter 7 bankruptcy liquidation Monday in Las Vegas, just as trial was set to begin in a lawsuit alleging the projects were tainted by fraud.

RENO – Bankruptcy Judge Gregg Zive ruled today that an informal committee of employees of Station Casinos Inc. has no standing to participate in Station’s bankruptcy proceedings.

Hearings resume Thursday on Station Casinos Inc.’s plan to reorganize, involving lenders foreclosing on some of Station’s Las Vegas casinos and hotels being auctioned off.

Riviera Holdings Corp., owner of casinos in Las Vegas and Colorado, today said it lost $4.5 million as revenue fell in the first quarter.

The privately held Hooters hotel-casino in Las Vegas lost $3.9 million in the first quarter as revenue fell.

Station Casinos is getting a little extra time as the exclusive company or group to draw up a reorganization plan in its $6.6 billion bankruptcy case.
U.S. Bankruptcy Court Judge Gregg Zive gave the Las Vegas casino company until mid July to exclusively put forth a plan on how to emerge from its debt.