Fitzgeralds Gaming
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Fitzgeralds Gaming
Fitzgeralds Gaming was a gaming and hotel company based in Reno, Nevada, that operated four casinos under the Fitzgeralds brand. It filed for Chapter 11 bankruptcy in December 2000, and subsequently sold all its properties. History Lincoln Management Lincoln Management Inc. was founded in 1984 by Philip Griffith and several other former casino executives of the Summa Corporation, who had worked at Harolds Club in Reno and the Sands Casino in Las Vegas.Part 2 of article It was formed to assume the management of the nearby Fitzgeralds Hotel-Casino under a contract with the casino's owner, Meta Fitzgerald. Fitzgerald had operated the property since the 1981 death of her husband, the casino's founder, Lincoln Fitzgerald. The new company's management agreement took effect in April 1985. In December 1986, Lincoln Management exercised an option to buy Fitzgeralds from Meta Fitzgerald for $26 million. On the same day, the company also assumed management of the Nevada Club, a nearby cas ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ...
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The D Las Vegas
The D Las Vegas Casino Hotel (formerly Fitzgeralds) is a 34-story, 639-room hotel and casino in downtown Las Vegas, Nevada, owned and operated by Derek and Greg Stevens. The D is located at the eastern end of the Fremont Street Experience. It has a casino, several restaurants, a business center, and a pool. The casino has more than 1,000 slot machines and 22 table games located on two floors. It is the tallest building in downtown Las Vegas and the second-tallest inside the city limits, having been surpassed by Allure Las Vegas in 2007. As Fitzgeralds, it had a "luck of the Irish" theme, with shamrocks and a leprechaun. In fall 2012, The D completed a property-wide renovation and rebranding to replace the Irish theme. History Sundance Hotel (1980–1987) The Sundance Hotel opened on July 2, 1980 on land owned by Moe Dalitz. Dalitz, an organized crime figure, faced difficulty from the Gaming Commission, so the casino was nominally run by his associates, Al Sachs and Herb ...
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Camp Verde, Arizona
Camp Verde ( yuf-x-yav, ʼMatthi:wa; Western Apache: Gambúdih) is a town in Yavapai County, Arizona, United States. As of the 2010 census, the population of the town is 10,873. The town hosts an annual corn festival in July, sponsored and organized by Hauser and Hauser Farms. Other annual festivals include Fort Verde Days (October); the Pecan, Wine and Antiques Festival (February); and the Crawdad Festival (June). Geography The town is bisected by I-17, extending to the west and to the east of the interstate. Highway 260 connects Camp Verde with Payson to the east and Cottonwood to the west. Three freeway exits provide local access: Exits 285, 287, and 289. The town's historic downtown is approximately from I-17 and contains a grocery store, physician facilities, shopping, dining, historical museum, Fort Verde State Historic Park, chamber of commerce/visitor center and town offices. Camp Verde is located at (34.5667, -111.8562). According to the United States Census B ...
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Black Hawk, Colorado
Black Hawk is a home rule municipality located in Gilpin County, Colorado, United States. The city population was 127 at the 2020 United States Census, making Black Hawk the least populous city (rather than town) in Colorado. The tiny city is a historic mining settlement founded in 1859 during the Pike's Peak Gold Rush. Black Hawk is now a part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor. Black Hawk is located adjacent to Central City, another historic mining settlement in Gregory Gulch. The two cities form the federally designated Central City/Black Hawk National Historic District. The area flourished during the mining boom of the late 19th century following the construction of mills and a railroad link to Golden. The town declined during the 20th century, but has been revived in recent years after the 1991 establishment of casino gambling following a statewide initiative in 1990. In early 2010, the Black Hawk city council ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Ameristar Casino Kansas City
Ameristar Casino Hotel Kansas City (formerly Station Casino Kansas City) is a hotel and casino located on the Missouri River in Kansas City, Missouri. It is owned by Gaming and Leisure Properties and operated by Boyd Gaming. The casino has 2,800 slot and video poker machines, 57 table games, a live poker room with 15 poker tables, exclusive high-limit slot and table games areas, and a 184-room hotel that includes 36 mini and 12 king suites. History The facility opened on January 16, 1997 as Station Casino. Ameristar Casinos acquired the property on December 19, 2000 and it was rebranded to its current name. In August 2013, the property became part of Pinnacle Entertainment when that company acquired Ameristar Casinos. In April 2016, the property was sold to Gaming and Leisure Properties along with almost all of Pinnacle's real estate assets, and leased back to Pinnacle. In October 2018, Pinnacle sold the casino's operating business to Boyd Gaming, along with three other ca ...
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Station Casinos
Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station Casinos has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. () is a publicly traded holding company that owns a portion of Station Casinos. History The company started out as a locals casino operator on July 1, 1976, founded by Frank Fertitta Jr. Its first casino was the Bingo Palace, which was later renamed Palace Station. In 2005, there were plans to develop 2 casinos in Reno: Station Casino Reno and Mount Rose Station. In 2020, t ...
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Sugar Creek, Missouri
Sugar Creek is a city in Clay and Jackson counties in the U.S. state of Missouri. The population was 3,271 at the 2020 census. It is part of the Kansas City metropolitan area. Geography Sugar Creek is located at (39.118014, -94.435630). According to the United States Census Bureau, the city has a total area of , of which is land and is water. History Like many cities along the Missouri River, Sugar Creek shows evidence of having once been the home of the Osage people. The city takes its name from nearby Sugar Creek. On June 25, 1804, the Lewis and Clark Expedition camped on an island in the Missouri River opposite what is modern day Sugar Creek. In the mid-1800s, the area now known as Sugar Creek served as an important link in America's westward expansion. Known as Upper Independence Landing originally, the territory along the Missouri River served as a port to receive supplies for early pioneers. It was renamed Wayne City Landing after an army lieutenant, Anthony Wayne. ...
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Kansas City, Missouri
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central city of the Kansas City metropolitan area, which straddles the Missouri–Kansas state line and has a population of 2,392,035. Most of the city lies within Jackson County, with portions spilling into Clay, Cass, and Platte counties. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River coming in from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after. Sitting on Missouri's western boundary with Kansas, with Downtown near the confluence of the Kansas and Missouri Rivers, the city encompasses about , making ...
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Tunica, Mississippi
Tunica is a town in and the county seat of Tunica County, Mississippi, United States, near the Mississippi River. Until the early 1990s when casino gambling was introduced in the area, Tunica had been one of the most impoverished places in the United States. Despite this economic improvement, Tunica's population continues to decline from its peak in 1970. History The community derives its name from the Tunica Indians which once were numerous in the area. Tunica is the fourth community to serve as county seat of Tunica County, succeeding earlier county seats at Commerce (1839–1842, 1842–1847), Peyton (1842, temporary) and Austin (1847–1888). Tunica gained national attention for its deprived neighborhood known as "Sugar Ditch Alley", named for the open sewer located there.Mehta, Stephanie N. "Legalized gambling saves a depressed town." ''Fortune'' at ''CNN''/''Money''. March 15, 2007. p 1 Retrieved on June 3, 2013. Its fortunes have improved since development of a gambling ...
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Turning Stone Casino
Turning Stone Resort Casino is a Native American resort casino owned and operated by the Oneida Indian Nation of New York (OIN) in Verona, New York. The facility opened on July 20, 1993, and offers golf amenities (on- and off-site golf courses, one of PGA Tour quality, and an indoor golf dome), an RV park, trails for walking, an amusement arcade, many restaurants, spas, Bingo, Keno, table games, and many types of reel and video slot machines. Until the Seneca Niagara Casino opened in 2002, it was the only land-based casino in New York. Adjacent to exit 33 of the New York State Thruway, the resort is a popular tourist destination in central New York State and has received numerous awards in the industry. Construction and expansion The casino, and associated hotel for visitors and conventions, was conceived as a revenue-generating enterprise to aid in economic and social development of the OIN. It was developed at a time when Native American sovereignty and the right to est ...
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Oneida Indian Nation
The Oneida Indian Nation (OIN) or Oneida Nation is a federally recognized tribe of Oneida people in the United States. The tribe is headquartered in Verona, New York, where the tribe originated and held its historic territory long before European colonialism. It is an Iroquoian-speaking people, and one of the Five Nations of the Iroquois Confederacy, or ''Haudenosaunee''. Three other federally recognized Oneida tribes operate in locations where they migrated or were removed to during and after the American Revolutionary War: one in Wisconsin in the United States, and two in Ontario, Canada. Today the Oneida Indian Nation owns tribal land in Verona, Oneida, and Canastota, New York, on which it operates a number of businesses. These include a resort with a Class III gambling casino. The OIN was a party to land claim suits against the state of New York for treaties and purchases it made after the American Revolutionary War without ratification by the United States Senate, as req ...
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