By Richard N. Velotta
<velotta@lasvegassun.com>
LAS VEGAS SUN
June 3, 2001
A federal bankruptcy judge Friday approved a temporary restraining order blocking Harrah's Entertainment Inc. from
establishing a cash reserve fund from National Airlines' ticket receipts, a move that could have permanently grounded
the Las Vegas airline.
Had this fund been established, cash from ticket sales would have gone to help pay off $39.4 million in debt National
owes to Harrah's, rather than capitalizing the airline. That could have caused the airline to run out of cash in
days, forcing a complete shutdown.
"I get the feeling that I'm watching a TV newscast of a runaway train full of nuclear waste, with Harrah's
in the deadman's seat refusing to put on the brake," said Judge Linda Riegel.
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