Recipient of Nevada tax break files for bankruptcy
Thursday, June 1, 2000 | 11:04 a.m.
Resort operator Sunterra Corp. filed for Chapter 11 bankruptcy protection from creditors while it reorganizes finances and seeks $25 million in interim financing.
The Orlando, Fla.-based company operates a processing center in Las Vegas at 185 East Reno Ave. In January 1999 the company received a $24,165 tax deferral from the Nevada Commission on Economic Development for the addition of 57 jobs.
Company spokesman Richard Goodman said there were "some layoffs and staff reductions" at the Las Vegas operation. However, he said it was too soon to determine the total number of layoffs.
Prior to the recent layoffs, approximately 100 people were employed at the Las Vegas processing center.
Sunterra is the world's largest owner and manager of vacation ownership resorts, with 90 resorts worldwide. Sunterra Europe, Sunterra Pacific, Marc Resorts, and its RPM divisions are not included in the Chapter 11 filing.
archive
- Most Read
- Discussed
- Most E-mailed
- Corrections officer with Metro killed in U.S. 95 crash
- The pull of a drug, a push to the brink
- System fails to catch contractor’s family tie with county
- Where to watch UFC 106
- UNLV and Southern Illinois will be guarded tonight
- Was there an ulterior motive in parking the stripper-mobile?
- Reid clears major health care hurdle, daunting weeks ahead
- Harry Reid’s hopes hitched to health care reform bill
- Notebook: The Shark and LJ circle
- Politicians waste no time spinning latest jobless numbers
Blogs
Culture and Entertainment
UFC 106 walk-in music: Griffin changes his tune, secures win over Ortiz
The Kats Report
For props, Lewis Black needs only his manic delivery and torrid material (7 Comments)
Elsewhere
Sands China raises $2.5 billion in Hong Kong IPO (2 Comments)
Marquardt v. Sonnen scheduled for UFC 109
Bloggity, Bloggity, Bloggity
Will a fourth consecutive title by Jimmie Johnson be good or bad for NASCAR? (4 Comments)
Top Chef: Las Vegas
The Jet Stream: And then there were four
Top Chef Episode 12: On keeping it simple
- Live chat
- Tuesday, noon PST
- Chat with Krista Creelman
- Problem Gambling Center executive director Krista Creelman will answer questions about gambling addiction from Las Vegas Sun readers from noon to 1 p.m. Tuesday, Nov. ... Submit question
Calendar »
- 23 Mon
- 24 Tue
- 25 Wed
- 26 Thu
- 27 Fri
-
The Automatic Tour at The Square Apple
The Square Apple
-
Football specials at Diablo's
Diablos Cantina
-
Rhumbar presents Pink Sugar Mondays
The Mirage Hotel and Casino
The Sun
Locally owned and independent for more than 50 years.
Technorati














