Gaming Restructuring in Nevada

Abstract

In this Article, we examine the various laws and regulations that affect a gaming enterprise debtor and its creditors. We examine various examples of overleveraged gaming companies operating in Nevada and the steps taken to modify these companies’ financial obligations. Our analysis focuses on four gaming companies that filed for bankruptcy protection—Tropicana Entertainment, Station Casinos, Riviera Holdings, and Black Gaming-and three gaming companies that restructured their debt obligations, through differing procedures but without filing for bankruptcy protection—Cosmopolitan, M Resort, and Palms