Deals
Station Casinos Wins Approval to Hand Aliante to Lenders
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Station Casinos Inc., the biggest U.S. gambling company in bankruptcy, won court permission to turn over its Aliante Station casino to lenders owed more than $378 million.
U.S. Bankruptcy Judge Gregg W. Zive, in Reno, Nevada, approved a reorganization plan for the 40-acre property, owned by Las Vegas-based Station and closely held Greenspun Corp. They will hand over the resort to creditors for less than its original $662 million cost.