Station Casinos Units Seek Ch. 11 Under Parent's Plan

Law360, New York (April 13, 2011, 7:15 PM EDT) -- Fiesta Station Inc. and other Station Casinos Inc. affiliates filed a prepackaged Chapter 11 on Tuesday in order to fulfill the parent company's reorganization plan as its owners prepare to buy Nevada's Green Valley Ranch Resort for $500 million.

Fiesta Station listed assets of up to $500 million and debt of more than $1 billion in a bankruptcy petition filed in the U.S. Bankruptcy Court for the District of Nevada. The petition listed 25 other Station Casinos affiliates as concurrently filing voluntary petitions for relief....
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