Bankruptcy case for Aliante Station closes
The Chapter 11 case of Aliante Station formally closed on Wednesday.
Although the reorganization plan was approved in May 2011, turning over ownership to lenders owed $378 million, legal cleanup work has continued since then.
Other parts of the Station Casinos bankruptcy are also moving toward what is termed a final decree.
The case was a prepackaged deal, where terms were worked out, and enough of the parties committed to vote in favor of it. As a result, the bulk of the in-court work was finished in about two months.
Nevertheless, it was not cheap. Fees for financial advisers and attorneys totaled $1.4 million with another $44,000 for various out-of-pocket expenses.
With 202 rooms and 2,000 slot machines at 7300 N. Aliante Parkway in North Las Vegas, Aliante Station opened in November 2008 as the economy was sliding.
Contact reporter Tim O'Reiley at
toreiley@reviewjournal.com or 702-387-5290.
