Station Casinos gave in to the inevitable yesterday and asked for Chapter 11 protection from creditors. Boyd Gaming (BYD: 8.51 0.00%), Station’s rival at developing Las Vegas casinos for local players, may again start its attempts to pry casino assets from Station.

Station Casinos has been staving off bankruptcy by acquiring extensions from lenders to negotiate a prepackaged settlement, but officials have been unable to work a deal with bondholders, who possess about half of the company’s $6 billion in debt.

Boyd Gaming made a billion-dollar offer to buy assets not used to secure loans, but was brusquely pushed away by Station executives, who basically told Boyd don’t call us, we’ll call you.

Now, even though all 18 casinos are separate from the bankruptcy, which only involves the parent company, Station may have a harder time resisting a Boyd move involving significant capital.

Boyd and Station are the two leading companies aiming at an off-Strip market, with the intent to draw local and in-state crowds.

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