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November 10, 2009

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Restaurant closes, but LV resort says little

Friday, Oct. 6, 2000 | 11:13 a.m.

The Regent Las Vegas has closed its American cuisine restaurant, Parian, apparently as part of a cost-cutting campaign.

Employees at the Regent say the Parian has been closed permanently. But the company wasn't commenting Thursday, except to say that negotiations to restructure $220 million in debt were continuing.

"Management is evaluating all areas of the property for efficiencies and operational savings," Regent spokesman Denny Weddle said in a statement. "There are no major newsworthy items to report at this time."

The Regent went into default with its bondholders last month when Resort at Summerlin Inc., its operating company, missed a $3.9 million interest payment on $120 million in senior subordinated notes. The resort has also missed $1 million in lease payments due to PDS Financial Corp., owner of most of the resort's slot machines.

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