Boyd pursues Station Casinos in bankruptcy court

Nov 3, 2009 7:16 PM
Staff & Wire Reports |

Casino operator Boyd Gaming Corp. (BYD) is asking a federal bankruptcy judge to let it buy some or part of the assets of one of its rivals.

Las Vegas-based Boyd filed a motion Sunday in Station Casinos Inc.'s Chapter 11 reorganization case in U.S. Bankruptcy Court in Reno.

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Boyd wants the judge to appoint an examiner so outside companies can offer reorganization plans.

Boyd Gaming started their pursuit of Station assets, which include 18 casinos, by offering a billion dollars to Stations.

Station Casinos rejected the offer earlier this year.

Station Casinos operates 18 casinos in the Las Vegas area. It filed for bankruptcy protection in July and asked the court last week for a four-month extension to submit a reorganization plan.

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