The four properties to avoid auction would be Red Rock Casino Resort Spa, Palace Station, Boulder Station and Sunset Station, Station Casinos said. Station said in a regulatory filing this week that lenders holding 90 percent of its debt are backing a plan for lenders to four casinos to take ownership of the properties, with Station's owners buying new stakes for new investments. Station owns all or part of 18 properties and is proposing to split itself in two. "Few non-insider bidders, if any, would want to compete in this unfair process," Boyd lawyers wrote in the objection.īoyd has publicly declared interest in buying out its main rival in the locals casino market in Las Vegas, but its offers have been rejected.Ī judge has set a May 4 hearing to discuss Station's proposal. is objecting to a proposed bankruptcy plan by rival Station Casinos Inc., saying it devalues certain properties that would be sold under a court auction.īoyd said in a Wednesday filing in federal bankruptcy court in Reno that Station's current plan would call for most of its properties to be sold without player databases and other operating tools essential for casinos.īoyd said that makes the properties less valuable to outside buyers. LAS VEGAS (AP) - Casino operator Boyd Gaming Corp.
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