Station Casinos owns and operates Red Rock Resort, Palace Station, Sunset Station, Boulder Station, Texas Station, Santa Fe Station, Wild Wild West, the two Fiesta properties, the Wildfire properties and vast land holdings in Clark County and Reno.

“All the cash that gets generated from them will continue to be used on a normal basis.”

“The operating subsidiaries, all 18 casinos, will continue to operate exactly like they do today,” he said. He stressed, however, the agreement will “not require us to file for the operating subsidiaries,”which are the company’s casino properties themselves. The company said this morning that it has reached an agreement with its bank lenders to take the parent company and its noncasino subsidiaries, which include the company’s landholdings in Reno and other nongaming assets, into bankruptcy, Chief Accounting Officer Thomas Friel said today. Bankruptcy Court in Reno today to restructure $5.7 billion in debt, most of which helped finance the company’s buyout nearly 21 months ago.

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