Station Casinos spokeswoman Lori Nelson on Wednesday declined to comment on the allegations. The unsecured creditors are asking federal bankruptcy Judge Gregg Zive in Reno to delay a May 25 hearing to approve the sale as part of the voluntary prepackaged bankruptcy filing for Station Casinos. Bankruptcy Court in Reno, accusing the buyers, led by the Fertitta family, of being on both sides during the negotiations.
Station Casinos LLC, the company formed to buy most of the assets of bankrupt Station Casinos Inc., in March announced a deal with lenders to buy Green Valley Ranch Resort for $500 million.Īttorneys for the committee of unsecured creditors - MFS Investment Management, Panton Capital Group and Babson Capital Management LLC - filed the motion Monday in U.S. Station Casinos’ efforts to keep Green Valley Ranch Resort part of the Las Vegas locals gaming company have been challenged after attorneys representing unsecured creditors asked a federal bankruptcy judge to delay a decision on the sale of the hotel-casino.
