From Las Vegas Review-Journal:
Situation Could Change After Dec. 22 Hearing
In what may be a first in Las Vegas, the financially struggling Las Vegas Hilton will be run, at least for now, as a split operation. Clark County District Court Judge Elizabeth Gonzalez on Wednesday allowed the majority owner, an entity controlled by Santa Monica, Calif.-based Colony Capital Corp., to remain in charge of the casino because it holds the gaming license. All other aspects of the 2,950-room hotel, including the rooms, food and beverage and meeting sales, will fall under the authority of Ronald P. Johnson, who was nominated as the receiver by the hotel's two main lenders. Click here for the full story.