He is expected to rule Tuesday on the Green Valley sale. He determined MFS Investment Management, Panton Capital Croup and Babson Management LLC were not 'unsecured lenders,' and therefore eliminated their objection to the sale. Zive also ruled against three creditors challenging the $500 million sale of Green Valley Ranch Resort in Henderson.
Bankruptcy Judge Gregg Zive in Reno quickly approved a reorganization plan for the hotel-casino in North Las Vegas, owned by Station Casinos and the Greenspun Corp. DUANE PROKOP/LAS VEGAS REVIEW-JOURNALAliante Station hotel-casino, Apin Las Vegas, Nevada.Ī federal bankruptcy judge Wednesday approved Station Casinos Inc.’s plan to turn over its Aliante Station casino to lenders owed more than $378 million as part of restructuring the company as it emerges from bankruptcy.ĭespite questions over $2 million spent on restructuring fees, U.S.
