The recession rolls on. Debt-strapped Station Casinos has listed the 30 acre former site of the Castaway Casino with a local commercial broker and is asking $39.5 million for it. Two additional parcels were also offered for sale ; nearly 8 vacant acres near Boulder Station and almost 5 acres adjacent to Sunset Station. The gaming company is attempting to accumulate cash in order to improve their position with bondholders who are critically important for signing off on a prepackaged bankruptcy plan that Stations has prepared.
I'm curious if some of the execs at these financially strapped Vegas resorts just meander around with a constant thought in their minds such as "Slap me, beat me, make me write hot checks" ? I hope they all hang in and things improve sooner than later.
Cheers...
Chuck60
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