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MGM Property Files for Bankruptcy

RENO, Nev.

The Silver Legacy Resort Casino in Reno, half owned by MGM Resorts International, has voluntarily filed for Chapter 11 bankruptcy reorganization in U.S. Bankruptcy Court for Nevada.

Silver Legacy is adjacent to MGM Resorts' 1,572-room Circus Circus Reno.

In a statement, Silver Legacy said the bankruptcy wouldn't affect its operations.

The $360 million Silver Legacy—which opened in July 1995 in downtown Reno—features 1,711 hotel rooms, six restaurants and a casino.