Stations Casinos going public

At last ! You can buy stock in the Palace Station Oyster bar

As the saying goes; fool me once shame on you, fool me twice shame on me.

Part of the proceeds will go towards buying out the mgmt company the fertittos own - shetchy

Come on. Weren't these people just going bankrupt? How is this even allowed?

They exited bankruptcy about six years ago and apparently have done quite nicely since then. I'm not certain how much debts was shed during the bankruptcy, but since then they have paid down debt by over 20% ($450 million). Either way, business often sell shortly after exiting bankruptcy, as their value has just increased after some debts are negotiated away.