Monorail Pulls Out Of Bankruptcy
(Las Vegas, NV) — The Las Vegas Monorail Company has emerged from bankruptcy protection.
CEO Curtis Myles says the move will allow the rail system to “again focus completely on serving” Las Vegas visitors.
The company filed for Chapter 11 in January 2010, because of a high debt load, which was reduced to $13 million.
The monorail runs behind and along the Vegas Strip, with seven stops at major resorts and the Las Vegas Convention Center.