Station Casinos Inc., the biggest U.S. gambling company in bankruptcy, won initial court permission to sell most of its casinos to a group led by Chairman Frank Fertitta in a deal worth $772 million.
U.S. Bankruptcy Judge Gregg Zive today approved the results of an auction process in which no other qualified bidder challenged a group led by Fertitta and his brother, Vice Chairman Lorenzo Fertitta. Companies, including Boyd Gaming Corp., declined to bid after Station announced a settlement with bondholders last month.
Read More:
0 comments:
Post a Comment