Station Casinos' Ch. 11 Plan Confirmed

Law360, New York (August 30, 2010, 1:12 PM EDT) -- A bankruptcy judge has confirmed Station Casinos Inc.'s plan of reorganization, which hinged on the sale of the debtor's assets to a newly formed entity controlled by the company's founder's sons.

Judge Gregg W. Zive of the U.S. Bankruptcy Court for the District of Nevada entered an order confirming the debtor's plan Friday, cementing a deal that keeps the company in the Fertitta family's control.

“We are pleased that our creditors overwhelmingly supported the confirmation of our joint plan of reorganization,” Station Casinos Executive Vice President...
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