LAS VEGAS, Nevada - As reported by the Las Vegas Sun: "Station Casinos Inc. of Las Vegas said Wednesday it's not interested in entertaining Boyd Gaming Corp.'s offer to buy part of Station.
bondholders apparently hoping for a better deal, Station said today it extended the deadline for the note holders to vote on a debt-exchange deal that would leave the current owners in place after a proposed bankruptcy reorganization.
The deadline of Monday night was extended until April 10.
In a letter to Boyd that Station disclosed today and that was dated today, Station Chairman and Chief Executive Officer Frank Fertitta III said Station will continue pursuing its previously announced reorganization plan. That plan would leave he and his brother Lorenzo Fertitta and Colony Capital in charge of Station..."
|Station Casinos is a gambling corporation located in Las Vegas. What began as a casino with a locals following has developed into a portfolio of some of the best casinos in the country.|
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