his reorganization plan and lay off 700 to 800 Landmark employees if a bankruptcy court did not allow the resort to abandon its union labor contracts. Part of Morris' reorganization plan involved cutting employee wages by 15 percent, including his own yearly salary of $145,000. The pay cut would give the Landmark an additional $6,500 per month, which would allow the resort to make its mortgage payments. Morris hoped to increase the hotel's room count after the resort's eventual emergence from bankruptcy, with additional financing from a national franchise hotel chain. He hoped that the Landmark would be out of Chapter 11 bankruptcy by March 1, 1986, although it would ultimately remain in bankruptcy for the rest of its operation. In January 1987, a small fire broke out in the resort's showroom, located next to the casino. Five employees were evacuated, and there were no injuries. Customers in the casino were unaware of the fire, which was quickly extinguished by the local fire department. The fire was determined to have likely been caused by an arsonist. In July 1987, the Landmark began offering poker tournaments in its Nightcap Lounge each weekday night. To help bring in customers, two cash drawings were held during each tournament. Morris and bank company Drexel Burnham Lambert began a search in 1989 for a new owner to take over the Landmark. At the end of the year, a U.S. bankruptcy court judge gave Morris until 1990 to find a buyer or refinancing. Otherwise, the Landmark would be liquidated to pay off creditors, in accordance with a court order. On January 2, 1990, the Landmark was ordered into Chapter 7 bankruptcy after a judge ruled that the creditors would not be able to receive compensation under the reorganization plan. Between $43 million and $46 million was owed to various creditors. Morris' gaming license expired that month after the resort failed to pay $500,000 in taxes and penalties. Richard Davis, a Las Vegas-based real estate agent, was appointed by the bankruptcy court that month to temporarily operate the resort. On February 21, 1990, the Nevada Gaming Commission extended the gaming license and allowed the resort to stay open for at least two additional weeks while its financial problems were analyzed by state experts. At that time, the hotel had $562,000 in cash, including $175,000 in revenue that had accumulated in the prior six weeks. The Landmark continued