Monday, April 4, 2011

PropCo to Turnover $12.5-Mil. to Mortgage Lenders

FAIRLESS HILLS, Pa. -- FCP Propco LLC, an affiliate of Station Casinos Inc., seeks permission from the bankruptcy court overseeing its bankruptcy case to turnover cash collateral amounting to $12.5 million to mortgage lenders.

More news on the Station Casinos case, including the Company's entry into the deal that will effective transfer ownership of the Green Valley project for a $500 million consideration, is available at STATION CASINOS Bankruptcy News, Issue No. 38 published by Bankruptcy Creditors' Service, Inc.

The 13-page newsletter contains stories with these headlines:

[00423] DEBTORS' MOTION TO ACQUIRE GREEN VALLEY RANCH
[00424] PROPCO'S MOTION TO TURNOVER $12.5-MIL TO MORTGAGE LENDERS
[00425] DEBTORS' MOTION TO DETERMINE ZERO INCOME TAX LIABILITY
[00426] N. RAPOPORT'S APPLICATION FOR APPOINTMENT AS FEE EXAMINER
[00427] RETAINED PROFESSIONALS FILE MONTHLY FEE STATEMENTS
[00428] FIRED STATION CASINOS WORKERS LEADS MARCH IN LAS VEGAS
[00429] STATION CASINOS RECEIVES 2011 APRIMO EXCELLENCE AWARD
[00430] GV RANCH STATION'S MONTHLY OPERATING REPORT -- Jan. 2011
[00431] GV RANCH STATION'S MONTHLY OPERATING REPORT -- Feb. 2011

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=STATION|CASINOS">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=STATION|CASINOS</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

STATION CASINOS BANKRUPTCY NEWS tracks the restructuring of Station Casinos Inc.

How to Subscribe to STATION CASINOS BANKRUPTCY NEWS

STATION CASINOS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

To continue receiving STATION CASINOS BANKRUPTCY NEWS, please complete and submit the subscription form at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=STATION|CASINOS">https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=STATION|CASINOS</a>

Company: Bankruptcy Creditors' Service, Inc. 
Contact: Peter A. Chapman 
Phone: (215) 945-7000 
Email: peter[@]bankrupt.com

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