Black Gaming, LLC., Mesquite’s largest gaming company, has obtained confirmation from the U.S. Bankruptcy Court of its Plan of Reorganization, paving the way for the company to emerge from Chapter 11 protection.
“We are extremely pleased with the court’s decision which clears the way for us to complete our debt restructuring,” said Robert R. Black, Sr., CEO of Black Gaming.
“The Plan confirmed allows us to reduce our debt by more than $143 million and emerge with a more manageable capital structure.," Black continued. "Many other gaming companies who have found themselves in similar situations to that of Black Gaming continue to work toward what we have achieved today. It is a testament to the work of our employees, advisors, partners and creditors’ hard work and commitment during this process. Through their collective efforts, Black Gaming will become a stronger organization better positioned to provide our guest the best entertainment-value for their dollar.”
Black will remain as the Chief Executive Officer for the company.
Anthony Toti will remain as Chief Operating Officer, and Sean P. McKay will remain as Chief Financial Officer. |