A report earlier this week in Vegas Inc. said regulators from the state of Missouri ordered investors in Ceasar's Entertainment Corp. "to sever their ties with locals casino operator Station Casinos LLC of Las Vegas, prompting the investors to sell their stake in a Nevada hotel-casino on a rush basis."
went through a bankruptcy re-organization last year. Prior to that time it was Station Casinos Inc., which paid a $1 million fine to Missouri in 2000 over improper contact with regulators.
The request was for divestiture of investments in the 202-room, 2,000-slot machine Aliante Station hotel-casino in North Las Vegas. The Aliante was one of the old Station Casinos projects, opening in 2008; but Station lost its ownership of Aliante in its 2009 bankruptcy.
For reasons that weren’t immediately clear Thursday, Missouri has been insisting Apollo and TPG sell their Aliante Station stakes even though Station no longer owns the property, its management contract there is expected to end in a few months and Station hasn’t done business in Missouri in a dozen years.
''Missouri doesn’t like Station Casinos,'' one insider said Thursday.
Station Casinos is contracted to manage the controversial complex in Rohnert Park for the first seven years of its operation.
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