Jerry's Nugget News

The day is finally here, Las Vegas casinos are welcome to reopen their doors to the public again and many have done so.

The North Las Vegas casino reopens 4 June with social distancing and room capacity restrictions in place.

Loan documents were filed shortly before a U.S. Bankruptcy Court hearing in a deal that averted a court fight between Jerry’s Nugget and U.S. Bank., its largest creditor.

Jerry’s has until Aug. 30 to get court approval for its plan without any competition. After that, U.S. Bank could get the takeover opportunity it has sought for months.

U.S. Bankruptcy Court Judge Mike Nakagawa extended until June 26 the so-called exclusivity period, during which only the owners of a bankrupt company can propose a reorganization plan.

U.S. Bankruptcy Judge Mike Nakagawa approved a series of measures that let Jerry's Nugget continue to use cash flow to pay utilities and suppliers and to meet its 338-person payroll.

The bankruptcy petition lists both assets and liabilities as greater than $10 million but gives no exact amounts.

The Nevada Gaming Commission took less than 20 minutes Thursday to restore Angelo Stamis' place in the casino industry, ending a 33-year road to redemption for the assistant general manager of Jerry's Nugget.

More than three decades after he lost his gaming license for taking part in a scam to cheat Caesars Palace, Jerry's Nugget Assistant General Manager Angelo Stamis moved one step closer to restoring his place in the casino industry.

Some Las Vegas casinos fly further beneath the radar than others, and this week Jeff Simpson takes the opportunity to applaud a few places that have made some improvements.