News

Standard & Poor’s downgrades Station Casinos’ bond rating

Arnold M. Knightly

March 20, 2009 - 12:23 pm

Standard & Poor’s Rating Services downgraded Station Casinos’ bond rating to default level this morning.

The company missed a $9.9 million interest payment March 15, its fourth missed payment since Feb. 1.
Station owes a total of $64.1 million in missed interest payments.

The locals gaming company has a 30-day grace period to make the March 15 payment, but it is expected to let the date pass.

The bond-rating firm said it aslo expects Station to miss an April 1 payment on 6 percent senior notes.

Station is negotiating a prepackaged bankruptcy with bondholders controlling $2.3 billion of the company's $5.4 billion debt load.

Station said earlier this week it plans to file for bankruptcy on or before April 15.

Alex Lasala serves a customer lunch from Fast Eddie’s Burgers food truck parked in front ...

Food truck operators will have easier time in the valley under this licensing proposal

By Ricardo Torres-Cortez / RJ

July 30, 2025 - 7:15 pm

The cities of Las Vegas, North Las Vegas, Henderson and Clark County are working to roll out a multi-jurisdictional business license that will help streamline the process for food truck operators.

Former Washington Wizards player Gilbert Arenas takes part in a ceremony during the half-time o ...

Former NBA star, 5 others charged with running illegal high-stakes poker games

Associated Press

July 30, 2025 - 1:13 pm

Gilbert Arenas was arrested Wednesday along with five other people, including a suspected member of an Israeli organized crime group, on suspicion of hosting illegal high-stakes poker games, federal prosecutors said.

Federal Reserve Chairman Jerome Powell listens as President Donald Trump visits the Federal Res ...

Fed leaves interest rates unchanged even as Trump demands cuts

By CHRISTOPHER RUGABER AP Economics Writer

July 30, 2025 - 12:55 pm

The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut.

The site of the proposed Southern Nevada supplemental airport in the Ivanpah Valley, left, is s ...

New proposed Vegas airport faces organized opposition

By Richard N. Velotta / RJ

July 30, 2025 - 10:56 am

Few comments were received at Tuesday’s virtual scoping meeting, but environmentalists could make their voices heard at Wednesday’s Las Vegas meeting.

This shows an empty beach in Shirahama, Wakayama prefecture, western Japan Wednesday, July 30, ...

Worst tsunami risk passes for Hawaii, US after 8.8 Russia quake

By Jennifer Sinco Kelleher and Audrey McAvoy The Associated Press

July 30, 2025 - 4:46 pm

The dire warnings following the massive quake off Russia’s Kamchatka peninsula evoked memories of catastrophic damage caused by tsunamis over the last quarter-century.

California football coach recalls Shane Tamura as ‘just a quiet kid’

By McKenna Ross / RJ

July 30, 2025 - 6:22 am

Details about Shane Tamura’s life have emerged after the Las Vegas man fatally shot four people in a New York City skyscraper before turning his gun on himself.

8.8 quake strikes Russia, triggering tsunami warning for Hawaii

The Associated Press

July 29, 2025 - 11:43 pm

One of the world’s strongest earthquakes struck Russia’s Far East, an 8.8-magnitude temblor that caused tsunami waves in Japan and Alaska and prompted a warning for Hawaii.