If I end up being your president you will never ever, ever have in American history someone who is more pro-labor in The White House than Joe Biden.”Ĭulinary leaders hoped the statements delivered by the current President and Vice President landed in the offices of Red Rock Resorts and could ultimately lead to ending the long standing labor dispute that has origins going back to 1993, the year Bill Clinton moved into the White House and the Strip saw the mid-December opening of MGM Grand Las Vegas.ĭ.

Said former Vice President Joe Biden, “Folks, I promise you one thing. Elizabeth Warren and Amy Klobuchar, and Transportation Secretary Pete Buttigieg, from standing with workers in front of Red Rock’s off-Strip Palms Casino Resort surrounded by the Culinary leadership and members, all of whom wore red t-shirts and sweatshirts emblazoned with union’s logo and slogans.Ī month after Harris was there, another presidential candidate arrived at the union hall to deliver a similar message to workers.

Ultimately, the union did not make an endorsement.īut that action did not stop candidates, including Sens. The rating reflects our assessment.The town hall-style meeting with Harris was duplicated by all the top tier Democratic presidential candidates seeking an endorsement from Culinary ahead of the February 2020 Nevada Presidential Caucus. We believe that if a payment default were to occur on Station Casinos' credit facilities (the Propco debt) or at one of its subsidiaries, including NP Opco LLC (Opco) or Station GVR Acquisition LLC (GVR), management would consider alternatives regarding the capital structure of the consolidated group, which would likely include a comprehensive restructuring or a bankruptcy filing.

Given our perception of the strategic relationships between these entities and their common management and ownership, we expect management will make decisions regarding operating and financial strategies with a view toward the collective group of companies. Standard & Poor's Ratings Services' 'B' corporate credit rating reflects our view of the credit quality of the consolidated Station Casinos LLC portfolio of properties and assets, following its emergence from bankruptcy, despite the fact that different operating subsidiaries secure different pieces of the capital structure.

Station casinos subsidiaries