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Two days after the lien was filed, the Landmark filed for Chapter 11 bankruptcy to forestall the IRS from seizing assets such as casino cage money. The resort remained open regardless of the bankruptcy filing, and the casino had sufficient cash to stay operational. For more info on cash laundering and related subjects, try the hyperlinks on the next page. The Seneca Niagara Casino & Lodge is home to the Seneca Niagara Events Middle, a 2,400-seat theater that has hosted numerous performing artists, including Stevie Nicks, Tony Bennett, Aretha Franklin, Martina McBride, Trace Adkins, Lewis Black, Lisa Lampanelli, Steely Dan, Heart, Steve Miller Band, Huey Lewis and the Information, Gretchen Wilson, Air Provide, Smokey Robinson, Diana Ross, Blondie, Jeff Foxworthy, Jay Leno, The Moody Blues, Grand Funk Railroad, Low-cost Trick, Jim Gaffigan, New Children on the Block, Seth Meyers, The Pointer Sisters, Chicago, The Go-Go's, Bobby Vinton, Tracy Morgan, Jackson Browne, Frank Caliendo, Michael Bolton, Alanis Morissette and extra.

Morris hoped to extend the hotel's room count after the resort's eventual emergence from bankruptcy, with additional financing from a national franchise hotel chain. The Nevada National Financial institution requested in early 1986 that the bankruptcy be converted to a liquidation proceeding to pay off creditors, stating that the Landmark's bankruptcy reorganization plan couldn't succeed. https://pkvgames.travel/ mentioned he must cancel his reorganization plan and lay off seven-hundred to 800 Landmark workers if a bankruptcy courtroom did not enable the resort to abandon its union labor contracts. A part of Morris' reorganization plan concerned cutting employee wages by 15 %, including his personal yearly salary of $145,000.

Morris blamed the bankruptcy on McGraw, alleging that he derailed a $28.8 million refinancing of the Landmark 24 hours previous to the finalization of the loan. Morris was negotiating a $28 million mortgage to pay for improvements and fireplace security updates for the Landmark. Clark County officials considered taking motion against the resort due to its failed compliance with fireplace safety standards. The pay reduce would give the Landmark a further $6,500 monthly, which might permit the resort to make its mortgage payments. The Landmark had debts totaling $30.6 million, whereas it had $30.6 million in assets. On July 29, 1985, the internal Income Service (IRS) filed a $2.1 million lien against the property, due to Morris' failure to pay withholding and payroll taxes for the resort's workers for the earlier six months.

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