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Resorts International Holdings
Resorts International Holdings, LLC (RIH), also known as Colony Resorts Holdings (CRH) was an affiliate of Colony NorthStar based in Las Vegas, Nevada. As of 2005, they were the fifth largest gaming company in America under Nick Ribis. RIH was created by Colony Capital (now known as Colony NorthStar) in 2000 after it purchased Resorts Atlantic City from Sun International for $144 million and continued to grow its portfolio through the acquisition of properties that were in decline. Further acquitions in partnership with Colony included the Las Vegas Hilton, Bally's Tunica, Resorts Casino Tunica, Ameristar Casino East Chicago and Atlantic City Hilton. After selling Resorts East Chicago to Ameristar and losing Resorts Atlantic City Resorts Casino Hotel is a hotel and casino in Atlantic City, New Jersey. Resorts was the first casino hotel in Atlantic City, becoming the first legal casino outside of Nevada in the United States, when it opened on May 26, 1978. The resort c ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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Ameristar Casino East Chicago
Ameristar Casino Hotel East Chicago (formerly Showboat Mardi Gras Casino, Harrah's East Chicago, and Resorts East Chicago) is a riverboat casino in East Chicago, Indiana, docked at Indiana Harbor on Lake Michigan. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The property features a 56,000-square-foot casino that offers 1,900 slot machines including reels, video reels and video poker; more than 40 table games; a high limit gaming room that is on land adjacent to the riverboat; and a 288-room hotel. History Showboat Mardi Gras Casino opened on April 18, 1997. In 1998, Harrah's Entertainment bought Showboat, Inc. and renamed the property as Harrah's East Chicago. Harrah's later sold it to Resorts International Holdings, and the casino's name was changed, along with the street name to 777 Resort Blvd (similar to the addresses used for some Harrah's branded casinos: 777 Harrah's Blvd). It was later sold in 2007 to Ameristar Casinos and changed its n ...
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Hospitality Companies Of The United States
Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes hospitality in the as the virtue of a great soul that cares for the whole universe through the ties of humanity.Jaucourt, Louis, chevalier de"Hospitality" The Encyclopedia of Diderot & d'Alembert Collaborative Translation Project. Translated by Sophie Bourgault. Ann Arbor: Michigan Publishing, University of Michigan Library, 2013. Trans. of , vol. 8. Paris, 1765. Hospitality is also the way people treat others, that is, the service of welcoming and receiving guests for example in hotels. Hospitality plays a fundamental role to augment or decrease the volume of sales of an organization. Hospitality ethics is a discipline that studies this usage of hospitality. Etymology Derives from the Arab , meaning "host", "guest", or "stranger". ...
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Gambling Companies Of The United States
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universa ...
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Holding Companies Of The United States
Holding may refer to: * Holding an object with the hands, or grasping * Holding (law), the central determination in a judicial opinion * Holding (aeronautics), a manoeuvre in aviation * Holding (surname) * Holding company, a company that owns stock in other companies * Holding (American football), a common penalty in American football * '' The Miroslav Holding Co.'', 2001 Croatian film also released as ''Holding'' * "Holding", an episode of the American animated television series '' Beavis and Butt-Head'' * ''Holding'' (TV series), a 2022 TV series See also * * * Smallholding * Hold (other) * The Holding (other) * " Holdin'," a song by Diamond Rio * Hoarding * Possession (law) In law, possession is the control a person intentionally exercises toward a thing. Like ownership, the possession of anything is commonly regulated by country under property law. In all cases, to possess something, a person must have an inten ...
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Atlantic Club Casino
The Atlantic Club Casino Hotel, formerly known as Golden Nugget, Bally's Grand, The Grand, Atlantic City Hilton and ACH, is an abandoned hotel and casino located at the southern end of the boardwalk in Atlantic City, New Jersey, owned and operated by Colony Capital. It was the city's first and only "locals casino". The Atlantic Club permanently closed on January 13, 2014, at 12:01 AM, largely as a result of dwindling casino visitors to Atlantic City due to increased competition in neighboring states. A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat. Redevelopment proposals include a water park. On November 6, 2013, Atlantic Club owner Resorts International Holdings, itself owned by Colony Capital, filed for chapter 11 bankruptcy protection and a source revealed to the ''Wall Street Journal'' that a bankruptcy sale would occur. On December 23, 2013, Federal Bankruptcy Judge Gloria M. Burns approved the sale of ...
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Ameristar Casinos
Ameristar Casinos, Inc. was a casino operator based in Paradise, Nevada. It was acquired by Pinnacle Entertainment in 2013. The company had eight properties in seven markets. History The roots of Ameristar Casinos date to 1954 when "Cactus Pete" Piersanti opened Cactus Petes Desert Lodge on U.S. Route 93 just south of the Idaho border in Elko County. The area would later become Jackpot, Nevada. In 1956, Piersanti and others incorporated the property as Cactus Petes, Inc. The corporation took over management of the neighboring Horseshu Club in 1964. Cactus Petes came under the partial control of Ray Neilsen of Twin Falls, Idaho, in 1967. Neilsen's construction company had built many of the structures at Cactus Pete's. Neilsen's son, Craig, assumed control of day-to-day operations upon the elder Neilsen's death in 1971. Craig H. Neilsen became sole owner in 1984. A November 1985 automobile accident left Craig H. Neilsen a quadriplegic, but he continued to lead the company an ...
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Resorts East Chicago
Ameristar Casino Hotel East Chicago (formerly Showboat Mardi Gras Casino, Harrah's East Chicago, and Resorts East Chicago) is a riverboat casino in East Chicago, Indiana, docked at Indiana Harbor on Lake Michigan. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The property features a 56,000-square-foot casino that offers 1,900 slot machines including reels, video reels and video poker; more than 40 table games; a high limit gaming room that is on land adjacent to the riverboat; and a 288-room hotel. History Showboat Mardi Gras Casino opened on April 18, 1997. In 1998, Harrah's Entertainment bought Showboat, Inc. and renamed the property as Harrah's East Chicago. Harrah's later sold it to Resorts International Holdings, and the casino's name was changed, along with the street name to 777 Resort Blvd (similar to the addresses used for some Harrah's branded casinos: 777 Harrah's Blvd). It was later sold in 2007 to Ameristar Casinos and changed ...
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Atlantic City Hilton
The Atlantic Club Casino Hotel, formerly known as Golden Nugget, Bally's Grand, The Grand, Atlantic City Hilton and ACH, is an abandoned hotel and casino located at the southern end of the boardwalk in Atlantic City, New Jersey, owned and operated by Colony Capital. It was the city's first and only "locals casino". The Atlantic Club permanently closed on January 13, 2014, at 12:01 AM, largely as a result of dwindling casino visitors to Atlantic City due to increased competition in neighboring states. A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat. Redevelopment proposals include a water park. On November 6, 2013, Atlantic Club owner Resorts International Holdings, itself owned by Colony Capital, filed for chapter 11 bankruptcy protection and a source revealed to the ''Wall Street Journal'' that a bankruptcy sale would occur. On December 23, 2013, Federal Bankruptcy Judge Gloria M. Burns approved the sale of ...
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Resorts Casino Tunica
Resorts Casino Tunica, formerly Southern Belle Casino and Harrah's Tunica Mardi Gras Casino, was a 201-room hotel and a casino located in Tunica Resorts, Mississippi. It was one of three casinos located in the "Casino Strip" area, along with Sam's Town and Hollywood Casino. Resorts was owned by Gaming & Leisure Properties and operated by Penn National Gaming. The resort closed in June 2019 due to declining revenue. History Southern Belle Casino (1994-1995) The casino was developed by Belle Casinos, a company that owned the Biloxi Belle casino on the Mississippi Gulf Coast and was owned primarily by restaurateur Jim Hasslocher. Construction was budgeted for $30 million, but ran up to $67 million. The Southern Belle Casino opened for a two-day test run on February 19, 1994, and then opened permanently on February 24. It was designed to resemble a Southern mansion, and had facilities including of gaming space, three restaurants, and a 1,500-seat event venue, the River Ben ...
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Las Vegas
Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels together with their associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as o ...
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Bally's Tunica
1st Jackpot Casino Tunica (formerly Bally's) is a casino and former hotel in Tunica Resorts, Mississippi. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment. The casino has of gaming space, with 899 slot machines and 16 table games. History Bally's Saloon & Gambling Hall was originally opened on December 6, 1993, at Mhoon Landing by Bally Manufacturing. In 1994, Lady Luck Gaming opened its Olympia Hotel in Robinsonville, an area 10 miles north of Mhoon Landing which had emerged as a prime casino site because of its closer proximity to Memphis. Lady Luck began construction of a casino to accompany the hotel, but suspended it later that year because of financial difficulties. In February 1995, Bally and Lady Luck entered into a joint venture agreement, under which Bally would close its casino and move the barge upriver to dock at Lady Luck's hotel. Bally would own 58 percent of the combined venture and manage it, with Lady Luck and a local partner owni ...
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