I don't know the specific conditions that surround the ownership of Aladdin and how they compare but I recall not too long ago that Stratosphere was in the same boat. In that situation as I recall investors forced out management and took over control. Did they then sell to someone else? I recall that they hired Grand Casinos to manage The Strat and thet Grand pulled out. Something messy I recall. Is Stratosphere still in Ch 11? Seems to me that when it involves something as big and permanent as Strat or Aladdin it is too difficult to dismantal or close down. Creditors would loose too much and there would be too much of a negative impact if doors had to be closed.

My speculation is that they would file CH 11 and find new investors or that Creditors (Banks Lenders Builders Suppliers etc.) would try to take over through the BR court then run themselves or sell. Original investors could loose everything but I can't imagine that they would just close it down.