By David Strow
<strow@lasvegassun.com>
LAS VEGAS SUN
January 10, 2001
The Regent Las Vegas needs as much as $20 million to get it through the next several months, to the point where
the property can be either sold or recapitalized.
But a strange fight has developed in the Regent's search for that cash. When the Regent first filed for bankruptcy
in November, it arranged to receive the $20 million from its primary creditors. Now, those creditors are trying
to stave off a competing bid from Foothill Capital Corp., a subsidiary of Wells Fargo Bank.
Both Foothill and the creditors are in the strange situation of vying to give the bankrupt Regent money -- and
the terms for the Regent are improving drastically, Regent attorneys say.
Read this entire article
in The Las Vegas Sun.