Black Gaming Foothill loan forbearance extended to Feb. 2

By Caroline Salls

Pittsburgh, Jan. 20 - Black Gaming, LLC and several of its direct and indirect wholly owned subsidiaries secured an extension to their forbearance agreement with Wells Fargo Foothill, Inc. to Feb. 2 from Jan. 15, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the forbearance stems from the company's non-compliance with a minimum trailing 12-month EBITDA covenant.

The subsidiaries that are parties to the forbearance agreement include Virgin River Casino Corp., RBG, LLC, B & B B, Inc., Casablanca Resorts, LLC, Oasis Interval Ownership, LLC, Oasis Interval Management, LLC, Oasis Recreational Properties, Inc. and R. Black, Inc.

Black Gaming is a Las Vegas-based hotel casino operator.

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