LAS VEGAS, NV (June 18, 2010) — According to court documents filed this month, ILX Resorts’ January 2010 joint plan of reorganization with its largest creditor, Textron Financial Corporation, has been approved. That means Las Vegas-based Diamond Resorts Corporation, via ILX Acquisitions Inc., is officially the “Proposed Purchaser” of the assets of ILX Resorts. A hearing to set a date for the sale of those assets will take place on July 23, 2010…

LAS VEGAS, NV (May 7, 2010) — The Chapter 7 bankruptcy of Las Vegas-based Consolidated Resorts, Inc. is showing signs of winding down. Nearly a year of investigations, complicated negotiations and court proceedings have now left the sale of the major assets as nearly the last remaining order of business.
Of particular interest in the current [...]

BREAKING NEWS: ORLANDO, FL (March 9, 2010) — On Friday, March 5, 2010, Celebrity Resorts, LLC and 35 affiliates voluntarily filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court in Orlando, Florida. Celebrity Resorts was founded in 2003 and the group of debtors own and operate 13 vacation timeshare resorts in Colorado, [...]

All Operations to Continue and Vendors to Be Paid in Full on Normal Terms
MESQUITE, NV (March 2, 2010) — Black Gaming, LLC and various subsidiaries and affiliates (collectively “Black Gaming” or the “Company”) yesterday announced that it has filed for protection under Chapter 11 of the Bankruptcy Code in accordance with the terms of the [...]

-by TS Newshound
Las Vegas, NV, December 4, 2009 – In June, 2007, Consolidated Resorts’ CEO Arthur Spector cut a deal with Goldman Sachs Group affiliate Whitehall Street Real Estate Funds. Under that deal Whitehall’s most recent fund, Whitehall Street Global Real Estate Limited Partnership 2007, made a substantial investment in the parent company of Consolidated, [...]