Bondholders in the Station Casinos Inc. bankruptcy case have renewed their request that they be allowed to sue Station insiders over the 2007 deal that took the Las Vegas company private.
A settlement has been reached in a suit filed on behalf of thousands of current and former employees of Station Casinos who claimed they were shortchanged.
Capitalizing on super-low interest rates and a frenzy for Las Vegas real estate, Station Casinos went private in 2007 by accumulating more than $5 billion in debt. It wasn’t a simple process.
Station Casinos founder Frank Fertitta Jr. was remembered at a funeral Saturday as a loving man who had a great deal of faith. The funeral attracted a large gathering of Las Vegans and notables from the arenas of business, sports and government.
Founded in 1976, Station has some 13,400 employees in Southern Nevada and 10 major Las Vegas-area hotel-casino properties, including two that are 50 percent-owned with affiliates of the Greenspun family, owner of the Las Vegas Sun.
A federal judge has dismissed a massive proposed class-action lawsuit against Station Casinos Inc. alleging current and former Station employees are owed wages for unpaid hours they claimed to have worked. But within days of the dismissal, the proposed class-action lawsuit was refiled, this time in Clark County District Court. In dismissing the lawsuit July 16, U.S. District Judge Larry Hicks cited a little-known jurisdictional rule for class-action lawsuits.
The rockets glared brightly as the music of Bruce Springsteen and John Mellencamp blared and all eyes stared skyward at Red Rock Resort on Saturday night for Station Casinos’ 4th of July Blast. Hundreds of people gathered with family and friends and filled the lawn near the resort’s pool for a nine-minute fireworks show choreographed to music paying tribute to America — with Sinatra and Elvis thrown in to recognize the hometown spirit. Billed as the valley’s largest fireworks show, Red Rock was one of nine Station casinos to simultaneously light up the sky starting at 9:30 p.m.
Green Valley’s Eric Forkel starts every day with two to three games of bowling at inside the Strike Zone at Sunset Station. Forkel, 48, is a former Professional Bowling Association tour member who works in the pro shop at the facility.
Sunset Station is the fourth Las Vegas property for Station Casinos Inc. and their sixth nationwide. The company also owns Palace Station, Boulder Station and Texas Station hotel-casinos in Las Vegas, as well as hotel-casinos in Kansas City and St. Charles, Mo.
