sentences:  In April 2001, the President Broadwater Hotel, which represented the non-casino operations, filed for bankruptcy.President Casinos filed for bankruptcy in June 2002, and the Broadwater casino the following month, but operation of the President Casino Broadwater Resort continued.In January 2005, Broadwater Development LLC – a casino holding company owned by two local construction figures, Roy Anderson III and Cotton Fore – won a bankruptcy auction bid for the casino and resort for $82 million, amid speculation that they had overpaid.