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Resorts International
Resorts International was a hotel and casino company. From its origins as a paint company, it moved into the resort business in the 1960s with the development of Paradise Island in the Bahamas, and then expanded to Atlantic City, New Jersey with the opening of Resorts Casino Hotel in 1978. After the death of its longtime chairman, James Crosby, in 1986, the company was briefly controlled by Donald Trump, before being acquired by Merv Griffin in 1988. It was acquired by Sun International in 1996. History Development in Bahamas and Atlantic City (1958–1986) In 1958, the Mary Carter Paint Company, a New Jersey paint manufacturer, was acquired by a group of investors. James Crosby, son of one of the investors, was appointed to lead the company. With its paint business on the decline, Mary Carter sought to diversify into the land development business. It acquired 1,200 acres of land near Freeport, Bahamas in 1962, followed by a 75 percent interest in Paradise Island in 1966. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paradise Island
Paradise Island is an island in The Bahamas formerly known as Hog Island. The island, with an area of (2.8 km2/1.1 sq mi), is located just off the shore of the city of Nassau, which is itself located on the northern edge of the island of New Providence. It is best known for the sprawling resort Atlantis with its extensive water park rides, pools, beach, restaurants, walk-in aquarium and casinos. Paradise Island is connected to the island of New Providence by two bridges that cross Nassau Harbour. The first was built in 1966 by Resorts International, and the second in the late 1990s. Recent history Paradise Island Airport A small airstrip existed on the island from 1989 to 1999 to serve the resort. Prior to 1989 the airport was a seaplane base with a ramp for aircraft to leave the water. In 1989 a runway was added to the airport. The airport's codes were: IATA: PID ICAO: MYPI. Both Paradise Island Airlines and Chalk's International Airlines were the main tenants of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tender Offer
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal. To induce the shareholders of the target company to sell, the acquirer's offer price is usually at a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree. Cash or securities may be offered to the target company's shareholders, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tylenol Murders
The Chicago Tylenol murders were a series of poisoning deaths resulting from drug tampering in the Chicago metropolitan area in 1982. The victims had all taken Tylenol-branded acetaminophen capsules that had been laced with potassium cyanide. Seven people died in the original poisonings, with several more deaths in subsequent copycat crimes. No suspect has been charged or convicted of the poisonings. New York City resident James William Lewis was convicted of extortion for sending a letter to Tylenol's manufacturer, Johnson & Johnson, that took responsibility for the deaths and demanded $1 million to stop them, but evidence tying Lewis to the actual poisoning never emerged. The incidents led to reforms in the packaging of over-the-counter drugs and to federal anti-tampering laws. Incidents On September 29, 1982, Mary Kellerman (12) of Elk Grove Village, Illinois, died after taking a capsule of Extra-Strength Tylenol. Adam Janus (27) of Arlington Heights, died in the hospital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard Hughes
Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American business magnate, record-setting pilot, engineer, film producer, and philanthropist, known during his lifetime as one of the most influential and richest people in the world. He first became prominent as a film producer, and then as an important figure in the aviation industry. Later in life, he became known for his eccentric behavior and reclusive lifestyle—oddities that were caused in part by his worsening obsessive-compulsive disorder (OCD), chronic pain from a near-fatal plane crash, and increasing deafness. As a film tycoon, Hughes gained fame in Cinema of the United States, Hollywood beginning in the late 1920s, when he produced big-budget and often controversial films such as ''The Racket (1928 film), The Racket'' (1928), ''Hell's Angels (film), Hell's Angels'' (1930), and ''Scarface (1932 film), Scarface'' (1932). He later acquired the RKO Pictures film studio in 1948, recognized then as one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organized Crime
Organized crime (or organised crime) is a category of transnational, national, or local groupings of highly centralized enterprises run by criminals to engage in illegal activity, most commonly for profit. While organized crime is generally thought of as a form of illegal business, some criminal organizations, such as terrorist groups, rebel forces, and separatists, are politically motivated. Many criminal organizations rely on fear or terror to achieve their goals or aims as well as to maintain control within the organization and may adopt tactics commonly used by authoritarian regimes to maintain power. Some forms of organized crime simply exist to cater towards demand of illegal goods in a state or to facilitate trade of goods and services that may have been banned by a state (such as illegal drugs or firearms). Sometimes, criminal organizations force people to do business with them, such as when a gang extorts money from shopkeepers for "protection". Street gangs may ofte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 its n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Bend E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 in bankruptcy, RIH was in decline. It lost its last casino, the 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colony Capital
DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has key offices in Los Angeles, New York, London, and Singapore. In 2010, DigitalBridge, then still Colony Capital, was reported to manage about $30 billion in investments. by Henny Sender, ''Financial Times'', March 9, 2010 02:00, Retrieved 2010-03-09. In 2011, DigitalBridge was tied for 3rd largest fund in the world, behind |
Mohegan Sun
Mohegan Sun is an American casino, owned and operated by the Mohegan Tribe on of their reservation, along the banks of the Thames River in Uncasville, Connecticut. It has of gambling space. It is in the foothills of southeastern Connecticut, where 60 percent of the state's tourism is concentrated. It features the 12,000-seat capacity Mohegan Sun Arena, home of the Women's National Basketball Association's Connecticut Sun. It houses a 350-seat Cabaret Theatre, the 300-seat Wolf Den, and of meeting and function room space, including the Northeast’s largest ballroom and of retail shopping. It is also where the studio of WMOS is located. The casino contains slot machines, gaming tables including poker, blackjack, craps, roulette, Caribbean stud poker, keno and baccarat. The race book offers live horse or greyhound racing from around the U.S. as well as from Australia and England. It also offers wagering on jai-alai from Florida. The economic recession that began in 2007 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sol Kerzner
Solomon Kerzner, (23 August 1935 – 21 March 2020) was a South African accountant and business magnate. He founded both of South Africa's largest hotel groups, the Southern Sun Hotel Group and Sun International. He was also the Founder, Chairman, and CEO of Kerzner International. During his career in the resort industry he was involved in various political and business controversies. Early life and education Kerzner was born in Durban to Russian Jewish immigrants. His family owned and operated a chain of kosher hotels. Kerzner graduated from the University of the Witwatersrand, Johannesburg with a BCom (Hons) in Accounting, and later qualified as a Chartered Accountant. He then took control of the family company. Career In 1962, he purchased the Astra Hotel in Durban. Following the success of that property, Kerzner built South Africa's first five-star graded hotel in Umhlanga, a town north of Durban – he opened this resort in December 1964 which he named the Beverly Hil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prepackaged Bankruptcy
Pre-packaged insolvency (a "pre-pack") is a kind of bankruptcy procedure, where a restructure plan is agreed in advance of a company declaring its insolvency. In the United States pre-packs are often used in a Chapter 11 filing. In the United Kingdom, pre-packs have become popular since the Enterprise Act 2002, which has made administration the dominant insolvency procedure. Such arrangements are also available in Canada under the Companies' Creditors Arrangements Act. United Kingdom The term "pre-pack sale" has been defined by the Association of Business Recovery Professionals as "an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser prior to the appointment of an administrator, and the administrator effects the sale immediately on, or shortly after, his appointment".http://www.r3.org.uk/media/documents/technical_library/SIPS/SIP%2016%20E&W.pdf The difference between a pre-pack sale and a normal sale is that in a no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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