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Showboat, Inc.
Showboat, Inc., a United States-based organization in the casino and entertainment industry, made its initial public offering in 1969. Later that year, Ramada Inns agreed to buy the company for $15 million in stock, but negotiations failed because of conditions set by Houssels, who wanted cash for his 24% stake. Showboat, Inc. expanded over time, opening Showboat Atlantic City in 1987, Sydney Harbor Casino in 1995, and Showboat Mardi Gras in East Chicago in 1997. In 1998, Harrah's Entertainment bought Showboat, Inc. for $1.15 billion. Harrah's interests were primarily in the Atlantic City and Chicago markets, however; the Showboat Hotel and Casino The Showboat Hotel and Casino, known as the Castaways Hotel and Casino from 2000-2004, was a hotel and casino located at the north end of the Boulder Strip in Las Vegas, Nevada. The hotel consisted of a 19 story tower containing 445 rooms, a ca ... in Las Vegas did not fit with the company's strategy. The property was sold in 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harrah's Entertainment
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gaming company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian origin; the root means a house. The term ''casino'' may mean a small country villa, summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), or a noisy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entertainment
Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousands of years specifically for the purpose of keeping an audience's attention. Although people's attention is held by different things because individuals have different preferences, most forms of entertainment are recognisable and familiar. Storytelling, music, drama, dance, and different kinds of performance exist in all cultures and were supported in royal courts and developed into sophisticated forms, over time becoming available to all citizens. The process has been accelerated in modern times by an entertainment industry that records and sells entertainment products. Entertainment evolves and can be adapted to suit any scale, ranging from an individual who chooses a private entertainment from a now enormous array of pre-recorded p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ramada Inns
Ramada is a large American multinational hotel chain owned by Wyndham Hotels and Resorts. As of December 31, 2018, it operates 811 hotels with 114,614 rooms across 63 countries under the Ramada brand. Name The ''Ramada'' name derives from the Spanish term ''rama'' (meaning "branch"). Temporary open-air structures called "ramadas" (meaning "porch" or "arbor"), made of brush or branches (similar to an arbor) were popular in Arizona during harvest time. Company websites commonly refer to the structure as a "shady resting place". History Longtime Chicago restaurateur Marion W. Isbell (1905–1988) founded the chain in 1953 along with a group of investors including Michael Robinson of McAllen, Texas (who later went on to start Rodeway Inns in the early 1960s) and Del Webb of Phoenix (who owned the New York Yankees and went on to establish his own lodging chain, Hiway House, in 1956). Other original investors of Ramada Inns included Isbell's brother-in-law Bill Helsing; Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Showboat Atlantic City
The Showboat Atlantic City is a resort hotel and former casino in Atlantic City, New Jersey. The Showboat opened as a casino hotel in 1987 and closed in 2014; the hotel reopened in 2016. It is owned by developer Bart Blatstein. History On March 30, 1987, the Showboat Hotel, Casino and Bowling Center opened with a casino and a 60-lane bowling alley. The complex was built on land leased from Resorts International, just north of the under-construction Resorts Taj Mahal (which became the Trump Taj Mahal upon opening in 1990, now the Hard Rock Hotel & Casino Atlantic City). The grand opening ceremony featured Bob Hope and Al Hirt. The Showboat opened the city's first racebook in 1993, following the legalization in 1990 of casino simulcast wagering. Steelman Partners completed a major renovation in 1995, creating a Mardi Gras theme. In 1998, the property's parent company, Showboat, Inc., was purchased by Harrah's Entertainment, later known as Caesars Entertainment. With the popul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Star, Sydney
The Star Sydney (formerly Star City Casino and prior to that, Sydney Harbour Casino) in Pyrmont, New South Wales, Pyrmont, Sydney, is the second largest casino in Australia after Melbourne's Crown Melbourne, Crown Casino. Overlooking Darling Harbour, The Star, owned by Star Entertainment Group features two gaming floors, one Bar (establishment), bars, 3 restaurants, 351 hotel rooms and 130 serviced and privately owned apartments. It also includes the 2,000 seat Sydney Lyric theatre and 3,000-seat Event Centre. Its gaming operations are overseen and controlled by the New South Wales Casino Control Authority and is licensed to be the only legal casino in New South Wales. In late 2007, it was granted a 12-year extension of its exclusivity and licence. In December 1994, a consortium of CIMIC Group, Leighton Properties and Showboat, Inc., Showboat was announced by the NSW Casino Control Authority as the successful applicant for New South Wales' first casino licence. A temporary casin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Showboat 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 it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Chicago
East Chicago is a city in Lake County, Indiana, United States. The population was 29,698 at the 2010 census. The city is home of the Indiana Harbor and Ship Canal, an artificial freshwater harbor characterized by industrial and manufacturing activity. Situated along Lake Michigan, East Chicago is about 18 miles from downtown Chicago, Illinois and is just west of Gary, Indiana. History The land that became East Chicago was originally swampland unsuitable for farming. The state of Indiana began selling off plots of land to railroads and speculators after 1851 to fund the local school system. Settlement of the area was very slow at first, and as late as the 1890s, the city had no proper streets or public utilities. East Chicago was incorporated as a city in 1893. The city was named from its location east of Chicago, Illinois. The 1900 Census gives a total population of just 3,411, but the arrival of Inland Steel in 1903 transformed the city into an industrial powerhouse. The ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Showboat Hotel And Casino
The Showboat Hotel and Casino, known as the Castaways Hotel and Casino from 2000-2004, was a hotel and casino located at the north end of the Boulder Strip in Las Vegas, Nevada. The hotel consisted of a 19 story tower containing 445 rooms, a casino and an adjacent RV park. The Castaways hotel was demolished on January 11, 2006 to make way for a new resort. However, construction never started on the project, and the property became the site of the Showboat Park Apartments in 2021. History Showboat (1954–2000) The Showboat was built by William J. Moore of the Last Frontier and J. Kell Houssels of the Las Vegas Club for $2 million. The first resort within Las Vegas city limits, it had 100 rooms on two floors. While Moore and Houssels ran the hotel, the casino was leased by a group of managers from the Desert Inn, including Moe Dalitz. The Showboat opened on September 3, 1954. After several unsuccessful years, Joe Kelley took over management, and began successfully targeting l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Companies Established In 1969
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
