{"id":4344,"date":"2010-08-12T13:31:59","date_gmt":"2010-08-12T21:31:59","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=4344"},"modified":"2019-03-01T10:23:41","modified_gmt":"2019-03-01T18:23:41","slug":"12-best-things-about-the-station-bankruptcy-auction","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/12-best-things-about-the-station-bankruptcy-auction\/","title":{"rendered":"12 best things about the Station bankruptcy auction"},"content":{"rendered":"<p><strong>1.<\/strong> Don&#8217;t have to keep &#8220;OpCo,&#8221; &#8220;PropCo&#8221; and &#8220;LandCo&#8221; straight anymore.<\/p>\n<p><strong>2.<\/strong> No casinos placed in receivership or shut down.<\/p>\n<p><strong>3.<\/strong> No more having to spell-check whether it&#8217;s Judge &#8220;Greg&#8221; or &#8220;Gregg&#8221; Zive. (It&#8217;s the latter, in case you were wondering.)<\/p>\n<p><strong><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-3058\" title=\"texasstation-pic\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/05\/texasstation-pic-150x104.jpg\" alt=\"\" width=\"150\" height=\"104\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/05\/texasstation-pic-150x104.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2010\/05\/texasstation-pic.jpg 300w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>4.<\/strong> Nobody has to rebrand <strong>Texas Station<\/strong> and <strong>Santa Fe Station<\/strong> &#8220;Texas Town&#8221; and &#8220;Santa Fe Coast&#8221; or whatever.<\/p>\n<p><strong>5.<\/strong> A windfall for an army of law firms (<a href=\"http:\/\/www.law.com\/jsp\/tal\/PubArticleTAL.jsp?id=1202464421156&amp;Milbank_Fried_Frank_Hit_Jackpot_With_Station_Casinos_Bankruptcy&amp;slreturn=1&amp;hbxlogin=1\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">$18 million in billings and counting<\/a>). It&#8217;s good to see <em>somebody<\/em> prospering in this economy.<\/p>\n<p><strong>6.<\/strong> No need to fret about the anti-trust implications<!--more--> of <strong>Boyd Gaming<\/strong> taking on 11 additional locals casinos.<\/p>\n<p><strong>7.<\/strong> Ditto the consequences for Boyd of having that much greater exposure to a weak locals market, plus &#8230;<\/p>\n<p><strong>8.<\/strong> &#8230; we can all get back to talking about when <strong>Echelon<\/strong> will resume. Or not.<\/p>\n<p><strong>9.<\/strong> Life is much too short to be spent deciphering bankruptcy-court filings.<\/p>\n<p><strong>10.<\/strong> We can focus instead on how <strong>Colony Capital<\/strong> CEO <strong>Tom Barrack<\/strong>&#8216;s <em>East<\/em> Coast casinos are doing (i.e., <a href=\"http:\/\/www.pressofatlanticcity.com\/business\/article_d3cd9602-c3e1-5be7-b417-78d60579c42e.html\" target=\"_blank\" rel=\"noopener noreferrer\">not well<\/a>).<\/p>\n<p><strong>11.<\/strong> There&#8217;s still a chance that we&#8217;ll see <strong>Neverland Ranch<\/strong> transplanted by Colony to Tropicana Ave., where <strong>Wild Wild West<\/strong> currently sits. Imagine the publicity, the tourism, the tax revenue, the overall <em>mishegas<\/em> &#8230;<\/p>\n<p><strong>12.<\/strong> It&#8217;s over, thank God.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Don&#8217;t have to keep &#8220;OpCo,&#8221; &#8220;PropCo&#8221; and &#8220;LandCo&#8221; straight anymore. 2. No casinos placed in receivership or shut down. 3. No more having to spell-check whether it&#8217;s Judge &#8220;Greg&#8221; or &#8220;Gregg&#8221; Zive. (It&#8217;s the latter, in case you were &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/12-best-things-about-the-station-bankruptcy-auction\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,3,28,57,31,9,19],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4344"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=4344"}],"version-history":[{"count":7,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4344\/revisions"}],"predecessor-version":[{"id":23634,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/4344\/revisions\/23634"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=4344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=4344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=4344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}