Station Casinos Poised to File Reorganization Plan

By Jacqueline Bell

Law360, New York (February 26, 2010, 2:12 PM ET) -- Bankrupt Station Casinos Inc. says it has reached an agreement with key mortgage lenders and is making significant process in negotiations with other creditors, putting the Las Vegas casino operator on the path to filing a reorganization plan sometime in March.

In a regulatory filing Wednesday, Station Casinos said it has secured an agreement in principle for a comprehensive reorganization of the company with mortgage lenders who hold debt secured by properties including the Red Rock Casino Resort Spa, Palace Station Hotel & Casino, Boulder Station...
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