The owner of Diamond Jacks Casinos in Louisiana and Mississippi filed for chapter 11 protection on Tuesday, its second such filing since 2008, Dow Jones DBR Small Cap reported today. As a result of its prior chapter 11 plan, which became effective in September 2009, owner Legends Gaming LLC 's first- and second-lien loans were restructured, lowering the principal balance and capping the aggregate interest payments at $22 million, according to court documents. Despite this financing, Legends Gaming said that it had to enter bankruptcy again because its revenues have not been high enough to service the restructured loans.
