SC Durango Development, LLC Sonoma Land Holdings, LLC Station Holdings, Inc.

Rancho Station, LLC Santa Fe Station, Inc. LML Station, LLC Magic Star Station, LLC Palace Station Hotel & Casinos, Inc. Inspirada Station, LLC Lake Mead Station, Inc. Fresno Land Acquisitions, LLC Gold Rush Station, LLC Green Valley Station, Inc. Centerline Holdings, LLC Charleston Station, LLC CV HoldCo, LLC Durango Station, Inc. The complete list of subsidiaries joining the filing includes:Īuburn Development, LLC Boulder Station, Inc.

In Q4 of last year, the company and its subsidiaries racked up more than $176 million in losses, Vegas Inc.

Station originally filed for chapter 11 bankruptcy protection in January of 2009. The investigation however, found that there appeared to be no indication of wrongdoing in connection with these loans and noted that they were 'reasonable' at the time and did not result in the direct insolvency of the resort. A previous independent investigation over alleged financial mismanagement at the casino reportedly discovered that in 2007, Green Valley Ranch made distributions or loans of $285 million apiece to its owners, which were subsequently 'forgiven' in 2008. The licensing agreement will help likely help to avoid further litigation over the property. 3 percent share of the monthly gross revenue from the property in exchange for keeping the resort's name. the Fertita holding company has agreed to pay Green Valley co-owners, the Greenspuns' gaming company, a. The routine petitions, if accepted by the courts, will allow for the Station subsidiaries to continue to pay vendors and employees, as well as continue gaming operations.Īmong the subsidiaries up for grabs is the Green Valley Ranch Resort and Spa, which is being purchased out of bankruptcy by an entity affiliated with the Fertita family for $500 million. have filed prepackaged Chapter 11 bankruptcy reorganization petitions in Nevada courts, joining the original Station bankruptcy filing that dates from 2009.Īccording to Bloomberg, Station claims the filings are necessary to complete the restructuring which will see most of the casino's various properties acquired by lenders and members of the Fertitta family, who founded the casino brand. LAS VEGAS (CelebrityAccess MediaWire) - As expected, numerous subsidiaries of Station Casinos Inc.

Station casinos subsidiaries