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Riviera Holdings
Riviera Holdings Corporation is a defunct casino operator that was based in Winchester, Nevada. It owned two casinos: the Riviera on the Las Vegas Strip, closed in 2015; and the Riviera Black Hawk in Black Hawk, Colorado, sold in 2011. History Riviera Holdings Corporation was formed in 1993, after the Riviera resort on the Las Vegas Strip emerged from Chapter 11 bankruptcy. Riviera opened its second casino, in Black Hawk, Colorado, in February 2000. In June 2002, Riviera Holdings was chosen by officials in Jefferson County, Missouri, who wanted the company to construct and operate a casino approximately 60 miles south of St. Louis. In July 2002, Donald Trump purchased a 9.8-percent stake in Riviera Holdings for $2.2 million. Trump made the purchase for "investment purposes," and said that he had no plans to purchase or to operate the company's Riviera casino in Las Vegas. By that point, U.S. Trust Company of California had also purchased a 9.4-percent stake in the company. By J ...
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Winchester, Nevada
Winchester is an unincorporated town and census-designated place (CDP) in Clark County, Nevada, United States that contains part of the Las Vegas Strip. It is one of a number of CDPs in the unincorporated urbanized area directly south of Las Vegas. The population was 36,403 at the 2020 census. It is governed by the Clark County Commission with advice from the Winchester Town Advisory Board. "Winchester, NV" does not appear in postal addresses; the United States Postal Service has assigned "Las Vegas, NV" as the place name for the ZIP codes containing Winchester. History The southern part of the Las Vegas Valley was referred to as Paradise Valley as early as 1910, owing to a high water table that made the land particularly fertile for farming. County commissioners established a Paradise school district in 1914. In 1950, mayor Ernie Cragin of Las Vegas sought to annex the Las Vegas Strip, which was unincorporated territory, in order to expand the city's tax base to fund his am ...
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Companies Based In Winchester, Nevada
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Reno, Nevada
Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is the county seat and largest city of Washoe County and sits in the High Eastern Sierra foothills, in the Truckee River valley, on the eastern side of the Sierra Nevada. The Reno metro area (along with the neighboring city Sparks) occupies a valley colloquially known as the Truckee Meadows which because of large-scale investments from Greater Seattle and San Francisco Bay Area companies such as Amazon, Tesla, Panasonic, Microsoft, Apple, and Google has become a new major technology center in the United States. The city is named after Civil War Union Major General Jesse L. Reno, who was killed in action during the American Civil War at the Battle of South Mountain, on Fox's Gap. Reno is part of the Reno–Sparks metropolitan area, the ...
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Atlantis Casino Resort
The Atlantis Casino Resort Spa (formerly Golden Road Motor Inn, Travelodge, Quality Inn and Clarion) is a hotel and casino located in Reno, Nevada. It is owned and operated by Monarch Casino & Resort, Inc. Its three hotel towers have a combined 824 guest rooms and suites. The casino floor spans 64,814 sq ft. Often known simply as "Atlantis," it is one of Reno's most profitable and luxurious properties, competing directly with Peppermill Hotel Casino and Grand Sierra Resort for customers. Nearly $150 million has been spent on upgrading the facility. History Golden Road Motor Inn (1972–1979) Prior to 1972, the present-day Atlantis was home to the Golden Road Motor Inn, a 142-room motel. In that year, the property was purchased by the Farahi family. The purchase included with it a restaurant on the site known as the Copper Kettle. Travelodge (1979–1986) Shortly after the purchase, a franchise agreement was signed with Travelodge. Quality Inn (1986–1991) In the late 1980s ...
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Monarch Casino & Resort
A monarch is a head of stateWebster's II New College DictionarMonarch Houghton Mifflin. Boston. 2001. p. 707. for life or until abdication, and therefore the head of state of a monarchy. A monarch may exercise the highest authority and power in the state, or others may wield that power on behalf of the monarch. Usually a monarch either personally inherits the lawful right to exercise the state's sovereign rights (often referred to as ''the throne'' or ''the crown'') or is selected by an established process from a family or cohort eligible to provide the nation's monarch. Alternatively, an individual may proclaim themself monarch, which may be backed and legitimated through acclamation, right of conquest or a combination of means. If a young child is crowned the monarch, then a regent is often appointed to govern until the monarch reaches the requisite adult age to rule. Monarchs' actual powers vary from one monarchy to another and in different eras; on one extreme, they may ...
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Golden Gate Hotel And Casino
The Golden Gate Hotel & Casino is located at One Fremont Street in Las Vegas, Nevada, United States. A part of the Fremont Street Experience, it is the oldest and smallest hotel (122 rooms) on the Fremont Street Experience. John F. Miller initially opened a temporary tent hotel – the Miller Hotel – on the property in 1905, while he planned to construct a permanent hotel structure, which opened as the Hotel Nevada on January 13, 1906. A casino operated within the hotel until a statewide gambling ban took effect in 1909. In 1931, the property was expanded and renamed as Sal Sagev ("Las Vegas" spelled backwards). The casino reopened that year when gambling in Nevada was legalized again. In 1955, the casino was renamed as the Golden Gate. The entire property was renamed as the Golden Gate Hotel and Casino in 1974. The Golden Gate was known for its cheap Prawn cocktail, shrimp cocktails, served from 1959 to 2017. History Early history (1905 – 1974) John F. Miller was among the fi ...
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Derek Stevens
Derek Stevens (born September 17, 1967) is an American businessman who owns several hotel-casinos in downtown Las Vegas. Stevens, along with his brother Greg, purchased the Golden Gate Hotel and Casino in 2008, followed in 2011 by Fitzgeralds, which they renamed as The D Las Vegas. He also owned the Las Vegas 51s baseball team from 2008 to 2013, and built the Downtown Las Vegas Events Center in 2014. Stevens and his brother purchased the Las Vegas Club in 2015, and the Mermaids Casino a year later, demolishing both to build the Circa Resort & Casino. Stevens also launched Circa Sports, a chain of sportsbooks. Since the 1990s, he has also served as the CEO of Cold Heading Company, a manufacturer of auto parts that is based in his home state of Michigan. Early life and education Stevens was born on September 17, 1967, in Detroit, Michigan. His father John Stevens was an architect, and his mother, Betty, was a high school teacher who had studied math and physics. His grandfather, ...
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Starwood Capital Group
Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners. History In 1991, at the age of 31, Sternlicht launched the firm to buy apartment buildings that were being sold by the Resolution Trust Corporation, created by the federal government to hold and liquidate the real estate assets owned by failed banks after the savings and loan crisis. Sternlicht raised $20 million from the families of William Bernard Ziff Jr. and Carter Burden of New York to fund these purchases. In 1993, the company contributed the apartment portfolio to Sam Zell's Equity Residential in exchange for a 20% stake in the company. In 1994, in partnership with Goldman Sachs, the company purchased Westin Hotels & Resorts in a $561 million transaction. In January 1995, Starwood purchased Hotel Investors Trust, an almost-bank ...
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Shareholder Rights Plan
A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover. In the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s as a way to prevent takeover bids by taking away a shareholder's right to negotiate a price for the sale of shares directly. Typically, such a plan gives shareholders the right to buy more shares at a discount if one shareholder buys a certain percentage or more of the company's shares. The plan could be triggered, for instance, if any one shareholder buys 20% of the company's shares, at which point every shareholder (except the one who possesses 20%) will have the right to buy a new issue of shares at a discount. If all other shareholders are able to buy more shares at a discount, such purchases would dilute the bidder's interest, and the cost of the bid would rise substantially. Knowing that such a plan could be activated, th ...
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Nevada
Nevada ( ; ) is a U.S. state, state in the Western United States, Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the List of U.S. states and territories by area, 7th-most extensive, the List of U.S. states and territories by population, 32nd-most populous, and the List of U.S. states and territories by population density, 9th-least densely populated of the U.S. states. Nearly three-quarters of Nevada's people live in Clark County, Nevada, Clark County, which contains the Las Vegas–Paradise, NV MSA, Las Vegas–Paradise metropolitan area, including three of the state's four largest incorporated cities. Nevada's capital is Carson City, Nevada, Carson City. Las Vegas is the largest city in the state. Nevada is officially known as the "Silver State" because of the importance of silver to its history and economy. It is also known as the "Battle ...
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Fabrizio Boccardi
Fabrizio Boccardi is an Italian-American entrepreneur and investor. He is known for his investments and ventures in real estate, hospitality, media and technology. Boccardi created a fictional character "The Tyrant", a Las Vegas Casino owner, who has been the subject of two books and rumored deals for comics and movie franchises. Boccardi has attempted to buy control of a Las Vegas casino and has announced intentions to create a casino and gaming franchise based on the fictional character. In the technology sector he is known for his ventures and investments in new technology for commerce. Early life Boccardi was born in Milan, Italy; his father Giampiero Boccardi, was a businessman in Italy with holdings in construction, insurance and financial services. Boccardi attended the Leone XIII school in Milan, and then the Ophenaimer. He continued his studies in the United States, attending Villanova Preparatory School, in Ojai, California, but was unable to finish his junior year w ...
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