Downtown Grand in Las Vegas Moves Toward Sale Under Receiver
The Downtown Grand Hotel and Casino in Las Vegas has entered a new phase following a court-ordered receivership, with a sale process now underway after its ownership group defaulted on a major construction loan. Receiver Takes Control and Stabilizes Operations Court records reportedly show that the property was placed under the control of a receiver on January 5, after lender Banc of California filed a legal complaint against the ownership entities. The dispute centers on a loan originally valued at $82.5 […] The post Downtown Grand in Las Vegas Moves Toward Sale Under Receiver appeared first on World Casino News.
The Downtown Grand Hotel and Casino in Las Vegas has entered a new phase following a court-ordered receivership, with a sale process now underway after its ownership group defaulted on a major construction loan. Receiver Takes Control and Stabilizes Operations Court records reportedly show that the property was placed under the control of a receiver on January 5, after lender Banc of California filed a legal complaint against the ownership entities. The dispute centers on a loan originally valued at $82.5 […]
The post Downtown Grand in Las Vegas Moves Toward Sale Under Receiver appeared first on World Casino News.
