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In addition to the renovations, Stratosphere added a new thrill ride, the Sky Jump. The New York Times. April 23, Los Angeles Times. Views Read Edit View history. Las Vegas , Nevada. In March , the company announced that it would begin layoffs. From Wikipedia, the free encyclopedia. Las Vegas Sun. Languages Add links. Stratosphere Las Vegas in Golden Entertainment. Retrieved 17 September June 12, Retrieved Namespaces Article Talk. By the 4th quarter of , the company's revenue began plummeting precipitously. The interest on these loans far exceeded the net income of the company in The income of the company had to grow to cover this new financing. In exchange for the debt relief, a mortgage unit of Goldman would gain a 22 percent interest in the company. PR Newswire. Former type. Contribute Help Community portal Recent changes Upload file. The cost of the acquisition was so considerable that the company was operating at a net loss.

Shortly after opening, the Stratosphere Las Vegas on April 30,the Stratosphere Corporation was forced to file for bankruptcy. After acquiring a majority of the bonds, ACEP gained american casino entertainment properties address of the casino.

The sale closed on February 21, Although revenue for had only slipped by 4. April 24, Las Vegas Review-Journal. Las VegasNevadaUnited States.

Bloomberg L. In May , Whitehall was in discussions to restructure the debt with its lender, Goldman Sachs, due to concerns that the company could default if gaming and visitor numbers continued to decline. The Stratosphere also added a lounge called Sky Lounge the th floor. By using this site, you agree to the Terms of Use and Privacy Policy. March 3, Mohave Valley Daily News. Associated Press. Las Vegas Review Journal. The company restructured its debt in the last quarter and laid off employees.