Station Casinos Serious Financial Trouble

Sign of the times but even more so for families in the Henderson Area that will be directly affected by potential layoffs.

Station Casinos. (Privately owned, about 14,000 employees).

Las Vegas has already been creamed by a biblical real-estate bust, and now it may face the loss of its home-grown gambling joints, too. Station – which runs 15 casinos off the strip that cater to locals – recently failed to make a key interest payment, which is often one of the last steps before a Chapter 11 filing. For once, the house seems likely to lose.

Source: Yahoo Finance

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