Quote:
Originally Posted by pokervangelist
Site is own by Stations Casino owners of Ultimate Fighting....very deep pockets..it does make no sense why they bought a client platform this bad when they do have $$ to burn
"On July 28, 2009 Station Casinos filed for chapter 11 bankruptcy. Station Casinos’ filing listed $5.7 billion in assets against $6.5 billion in debt. The filing said the company has 510 holders of unsecured and subordinate debt totaling $4.4 billion.[5] On August 21, 2009, Frank Fertitta Jr., the founder of Station Casinos and father of the Fertitta brothers, died from complications of a heart condition.
Station Casinos finally exited bankruptcy in June 2011 with $4 billion less in debt, and with creditors putting the company's 18 casinos back in the hands of the Fertitta family and their partners. The Fertitta brothers agreed to put nearly $200 million in the reassembled company, and now own 45 percent of its outstanding shares. The other new equity owners include the company's main secured lenders, Deutsche Bank AG, which now holds 25 percent, JPMorgan Chase with a 15 percent stake, and former unsecured bondholders hold an additional 15 percent, according to lawyers on the deal.[6]" - wiki
The idiot Fertitta brothers, who led the company into bankruptcy, were given control again with the refinancing.
They pioneered 86'ing winning sportsbettors from their sportsbooks, now a common practice in NV.
Their cousin Tillman owns the Golden Nugget. He's the owner of the Landry's chain of seafood restaurants, so if he knows how to do one thing right it's restaurants/food service.
http://www.ktnv.com/news/local/183445271.html
http://www.ktnv.com/news/toprotator/183595741.html
Last edited by Stinky Johnson; 06-01-2013 at 06:40 PM.