Nevada casino operator Station Casinos announced plans to go public once again, according to a press release from the company on Wednesday. The last time the company was publicly traded was 2008. In 2009, Station Casinos filed for Chapter 11 bankruptcy.
Station Casinos properties include Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Palace Station Hotel & Casino, Boulder Station Hotel & Casino. Altogether, it owns and operates 19 casinos around Las Vegas.
According to the Las Vegas Review-Journal, the bankruptcy reorganization gave Deutsche Bank, which owns 25 percent of the company, an option to place Station Casinos into an IPO in June 2016. The bankruptcy allowed the company to shed $4 billion of its $6.86 billion in debt.
Deutsche Bank Securities and J.P. Morgan are acting as joint lead book-running managers, according to Station Casinos.
The casino operator was behind the Ultimate Poker online gaming site in Nevada and New Jersey, but it eventually closed those operations.
