At a meeting in December 2009, the Supervisory Boards of Casinos Austria AG and Casinos Austria International Holding approved the Group’s international expansion plans. The first step in this strategic realignment is the reorganization of responsibilities at Board level. The future positioning of Casinos Austria International Holding (CAI) requires a clear division of Board responsibilities. Accordingly, Josef Leutgeb stepped down from his role as Financial Director of Casinos Austria AG at the end of 2009 to focus primarily on the Group’s international business.

It’s no secret that Station Casinos is in deep financial trouble. For weeks now the company has been trying to negotiate a restructuring to avoid bankruptcy. Now, a pending lawsuit could halt those talks, which could force Station into default. So what does that mean for the thousands of Station employees and folks who frequent Station properties? Dan Ball reports. Early Wednesday, news websites across the country stated that Station Casinos will most likely file for Chapter 11 bankruptcy, but now that might not be the case.

Las Vegas – Tropicana Entertainment LLC said Tuesday it has submitted a reorganization plan that would break its ties to a Kentucky businessman and separate its Las Vegas casino into a company apart from its other properties. Tropicana filed for Chapter 11 protection in U.S. Bankruptcy Court in Delaware in May, listing assets of USD 2.8 billion and liabilities of USD 3.3 billion.