Station Casinos filed for Chapter 11 bankruptcy on Wednesday evening for the company that manages and owns 50 percent of the Green Valley Ranch Resort. GV Ranch Station Inc. is owned by Station Casinos and manages the 572-room hotel-casino.
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A California superior court judge on Thursday ruled in favor of two real estate investment trusts managed by Mike Shustek’s Vestin Group and against class action plaintiffs seeking a $70 million judgment.
A trustee on Thursday told creditors that the personal bankruptcy case of former USA Capital President Joseph Milanowski would yield little or no recovery of losses suffered when the hard-money lender collapsed in 2006.