2 and a $15.5 million bond payment last week.
The company missed a $14.6 million bond payment on Feb.
Privately held Station Casinos has been in financial trouble for much of the past 12 months and is on the brink of filing for bankruptcy. Those four casinos have almost $2.5 billion in debt tied to them, according to a Station Casinos’ filing with the SEC last August. Station Casinos would retain ownership of the Red Rock Resort, Palace Station, Boulder Station, Sunset Station and 356 acres of undeveloped land the company controls in the Las Vegas Valley. Under the proposed deal, Boyd Gaming would acquire the bulk of Station Casinos’ 18 Southern Nevada properties, including Green Valley Ranch Resort, the recently opened Aliante Station, Santa Fe Station, Texas Station, Wild Wild West, the two Fiesta properties in Henderson and North Las Vegas, and several smaller nonhotel gaming businesses, such as the Wildfire. (BYD) has made a $950 million offer to acquire a significant portion of locals gaming rival Station Casinos, the company announced Monday in a filing with the Securities and Exchange Commission.īoyd Gaming operates nine casinos in Las Vegas and Henderson.
