BB King Blues Club Files For Bankruptcy
B.B. King’s Blues Club on the Las Vegas Strip has filed for bankruptcy.
The Las Vegas Sun reports that the club’s owner, Beale Street Blues Company Las Vegas LLC, filed for Chapter 11 reorganization of the restaurant and live music club at The Mirage hotel-casino on Wednesday.
The club hopes to restructure $3.7 million in debt and other liabilities. It generated sales of $8.6 million in 2010 and $1.1 million so far this year.
The venue is part of a Memphis-based group of clubs named after the music legend. King is not named as an officer in the company.
Copyright 2011 The Associated Press