Stetson's Saloon and Casino files for bankruptcy protection

Stetson's Saloon and Casino, a small locals place on Boulder Highway in Henderson, has filed for Chapter 11 bankruptcy protection under the corporate name of Texas Roadrunners LLC.

Court papers listed $1.1 million in assets, much of it tied up in the gaming license, against $656,000 in liabilities that include bank loans and bills owed to vendors.

The ownership is spread among 15 people, with management handled by the Maddox Interests, a family entity based in Houston.

A description of Stetson's on lists it as having 69 gaming machines and being "bigger than a typical bar but smaller than an ordinary casino."