Casino Operator Centaur Files For Ch. 11

Law360, New York (March 8, 2010, 3:42 PM EST) -- Casino and racetrack operator Centaur LLC has declared bankruptcy in an effort to restructure over $500 million in debt, the latest in a string of gaming companies to seek Chapter 11 protection in the past year.

Centaur filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware on Saturday, listing between $500 million and $1 billion in both assets and liabilities.

The filing is meant to expedite Centaur's restructuring efforts and to ensure operations continue in a business-as-usual manner at...
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