Don't Gamble With Your Gaming Case

Law360, New York (January 11, 2011, 2:26 PM EST) -- Fact or fiction: All casinos and gaming establishments are the same and therefore raise the same restructuring issues.

Fiction. Whether the classic Las Vegas casino, a riverboat, a racino or a slot barn, there are many types of gambling concerns within the gaming industry and each of them comes with unique restructuring issues. As a result, whether an operational or financial restructuring or sale of a gaming-related company, invoking the jurisdiction, and applicable provisions, of the Bankruptcy Code requires the parties to be mindful of the...
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