Debtors Propose March Sale Of Hooters Casino

Law360, New York (January 5, 2012, 8:21 PM EST) -- The owners of the financially underwater Hooters Casino Hotel in Las Vegas plan to complete a sale of the property by the end of March, according to a bankruptcy filing Tuesday.

According to a proposed bankruptcy plan filed by hotel owner 155 East Tropicana LLC in Nevada, the sale of the casino would close no later than March 30. Under the terms of the plan, bids for the property would be due by Feb. 10, with an auction scheduled for Feb. 17.

The company conducting the...
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