April 19, 2014
LAS VEGAS (AP) - A former Hilton hotel and casino in Las Vegas will get new management under a deal between the property's largest creditor and a court-appointed receiver.
The receiver has been operating the LVH, or Las Vegas Hotel & Casino, since January.
The Las Vegas Review-Journal reports employees of the resort were notified Wednesday that a foreclosure sale is planned in November.
LVH has been in receivership since last September. The hotel-casino used to be the Las Vegas Hilton until Hilton Worldwide in January ended an agreement allowing use of the Hilton brand.
The LVH employs more than 1,800 workers.
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