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Published on 2/3/2010 in the Prospect News Distressed Debt Daily.

Herbst Gaming plan confirmation appealed by indenture trustee

By Caroline Salls

Pittsburgh, Feb. 3 - Herbst Gaming, Inc.'s plan of reorganization confirmation order has been appealed by senior subordinated notes indenture trustee HSBC Bank USA, NA, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The plan was confirmed on Jan. 22 by the U.S. Bankruptcy Court for the District of Nevada.

The Las Vegas-based casino business owns and operates 12 casinos in Nevada, two in Missouri and one in Iowa. The company filed for bankruptcy on March 22, 2009. Its Chapter 11 case number is 09-50746.


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