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Tahiti Village was announced by Consolidated Resorts Inc. on March 7, 2003, as a $200 million 580-unit timeshare resort to be developed on 20 acres (8.1 ha) of land at the southeast corner of South Las Vegas Boulevard and Arby Avenue. Sales were expected to begin in July or August 2003, with groundbreaking expected to take place in September 2003.
[24] [27] As the liquidation process went forward, a Las Vegas casino supplier, Casino Data Systems, filed a lawsuit against NevStar. Casino Data Systems had previously provided video slot machines, signs, and other items to the Mesquite Star, but NevStar did not agree to release the items back to the casino supplier following the bankruptcy.
In 2014, Elephant Bar filed for bankruptcy and closed 16 restaurants. [6] In 2017, Elephant Bar closed a number of sites with no explanation. In March 2018, Gen3 Hospitality purchased the Elephant Bar chain out of bankruptcy. [7] By 2021, there was only one remaining location in Albuquerque, New Mexico, which has now closed as of April 2023.
The frequency of applying for bankruptcy depends on which type of bankruptcy you’re filing, something known as the 2-4-6-8 rule. Filing Chapter 13 after Chapter 13 : Two years. Filing Chapter 13 ...
A new subsidiary, Tropicana Entertainment LLC, was created to hold the combined company's casinos. After losing control of its largest property, the Tropicana Atlantic City, the new company was quickly forced into bankruptcy in May 2008. While in bankruptcy, the Tropicana Las Vegas was split off as a separate entity.
Chapter 13 bankruptcy: Chapter 13 allows a distressed debtor who has regular income, and total secured and unsecured debt of no more than $2,750,000, to maintain control of their assets while ...
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