IluvVegas
01-30-2009, 05:16 PM
Red Rock Casino and Aliante Station my be among the latest causalities in todays economy.
The extra loans that Colony Capital LLC added, may cause the company to be at risk on the bank loans.
“From a liquidity perspective, they are on the brink of bankruptcy,” New York-based Holloway said in an interview. “It depends on their ability to negotiate with lenders and willingness to amend the debt.”
With the economy in the dire straits that it is in these days, this is not at all surprising.
The extra loans that Colony Capital LLC added, may cause the company to be at risk on the bank loans.
“From a liquidity perspective, they are on the brink of bankruptcy,” New York-based Holloway said in an interview. “It depends on their ability to negotiate with lenders and willingness to amend the debt.”
With the economy in the dire straits that it is in these days, this is not at all surprising.