Station Casino Family to Remain in Control
Bankruptcy Judge Approves Qualification of Founders' Bid'
The founding family of Las Vegas casino owner and operator Station Casinos Inc. appeared poised to remain in control of the company as a bankruptcy judge approved a determination that a group backed by the family had made the only qualified bid in an auction for part of the company.
While the plan still needs to be finalized in future hearings, the decision will most likely assure that brothers Frank and Lorenzo Fertitta , who made a fortune when they took the company their father founded private and loaded it with debt, will end up in control.
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