Las Vegas Sun

January 29, 2015

Currently: 60° — Complete forecast | Log in | Create an account

Landlords allege Four Queens owner behind on rent

Beyond the Sun

Downtown Las Vegas casino owner TLC Casino Enterprises has been sued by another group of landlords alleging it's behind on rent payments for its Four Queens hotel-casino.

The suit filed Friday brings to at least four the number of cases pending in Clark County District Court pitting TLC and its Four Queens and Binion's hotel-casinos against landlords.

Lawsuits filed this spring show TLC has been pressuring the landlords to lower their rent to help the casinos survive the recession that has reduced gaming revenue in downtown Las Vegas and other markets.

The latest suit was filed by Bogo L.C., Purkiss Family Trust, McCall Limited Liability Co., BD Forbes LLC and the Noblitt 2004 Trust. The landlords say they and their predecessors are parties to 50-year leases signed in 1983 for a portion of the Four Queens property.

The suit says an unspecified amount of rent is past due and that the Four Queens has failed to make the full rent payments since March.

The suit alleges breach of contract and unjust enrichment.

"Because defendants have intentionally failed to compensate plaintiffs in accordance with the lease agreement, defendants have breached their duty of good faith and fair dealing," the lawsuit charged.

While TLC has declined comment on the issue, its lawyers have responded in court in the previous lawsuits.

"The landlords have been unjustly enriched," TLC said in response to earlier lawsuits filed against it by different groups of Binion's and Four Queens landlords.

TLC has said in letters to the landlords that it has engaged a financial adviser and a New York land lease attorney to help it lower its rent costs.

Hearings are set for this month and in August on the landlords' motions that receivers be appointed to run the Four Queens and Binion's properties so that the receivers can pay the landlords the rent due under their contracts.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy

Previous Discussion: comments so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

Only trusted comments are displayed on this page. Untrusted comments have expired from this story.

No trusted comments have been posted.