Station casinos recently filed for Chapter 11 bankruptcy protection in a Reno court after negotiations with bondholders failed to yield a prepackaged bankruptcy plan.

Station has been facing financial troubles from declining revenue at its properties and a burdensome debt load taken on in 2007, when Colony Capital and the Fertitta brothers took the company private.

Station Casinos will continue to conduct business as usual while company executives and creditors discuss debt restructuring. Boyd Gaming has expressed renewed interest in Station’s assets, some of which Boyd offered to purchase earlier this year.