Station Casinos Wins Disclosure Statement OK

Law360, New York (July 26, 2010, 2:34 PM EDT) -- Bankrupt gambling giant Station Casinos Inc. has won the stamp of approval for its disclosure statement, paving the way for the company to send its blueprint for reorganization to creditors for a vote.

Judge Gregg W. Zive filed the go-ahead Friday in the U.S. Bankruptcy Court for the District of Nevada despite vociferous opposition from the company's unsecured creditors, ruling that the statement contained adequate information for creditors to cast their votes by Aug. 20.

A hearing to approve the plan is currently slated for Aug....
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