Unplanned Ownership: Lenders As Casino Owners
11:45 a.m. - 12:45 p.m.
As bankruptcy filings increase in the gaming industry, lenders are becoming casino owners. While there were always provisions in debt instruments allowing for a lender to exercise a security interest in the case of a default, most lenders never expected that contingency to occur. During this session, casino owners, lenders and regulators will come together to discuss the numerous issues raised when a lender wants to become a casino owner, the special exceptions sometimes made for these lenders, and the regulatory approaches of various jurisdictions.
Lynne Levin-Kaufman, Partner, Cooper Levenson, Attorneys at Law
- Nicholas Casiello, Partner, Fox Rothschild LLP
- Edward King, Managing Director, Morgan Stanley, Investment Banking Division
- Steven R. Strom, Managing Director, Global Co-Head, Recapitalization & Restructuring Group, Jefferies & Company, Inc.