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Vici Properties
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 44 casinos, hotels, and racetracks and 4 golf courses throughout the United States. History Vici Properties was formed as part of the Chapter 11 bankruptcy reorganization of Caesars Entertainment Operating Company (CEOC), the largest division of Caesars Entertainment. After placing CEOC into bankruptcy in January 2015, Caesars proposed splitting CEOC into two companies: a REIT, which would own the company's casinos, and an operating company, which would manage them. The plan was designed to maximize value for CEOC's creditors by taking advantage of favorable tax treatment for REITs. Several members of Congress opposed the plan, calling it an abuse of the REIT laws. They asked the Internal Revenue Service to deny tax-free status to the spi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Resorts International
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isle Casino Cape Girardeau
Century Casino Cape Girardeau, formerly Isle Casino Cape Girardeau, is a casino in Cape Girardeau, Missouri. It opened on October 30, 2012, as Missouri's 13th and final facility. It is owned by Vici Properties and operated by Century Casinos. Century Casino has over 900 slot machines and 21 table games. The casino also has of meeting and event space with room for 500 guests. The casino has four restaurants on-site. In December 2019, Eldorado Resorts Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corpor ... sold the Isle Casino, along with two other properties, to Century Casinos and Vici Properties. Century bought the casino's operating business for $66 million, while Vici bought the land and buildings for $114 million and leased them to Century. Century stated that the casino would be re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Century Casinos
Century Casinos, Inc. is a gaming company based in Colorado Springs, Colorado. The company operates ten casinos in Colorado, Missouri, West Virginia, and Alberta. It also operates casinos on four cruise ships for TUI Cruises. It owns a 67 percent share in Casinos Poland, which owns and operates seven casinos in Poland. History Century Casinos was formed in 1992 by several executives of Casinos Austria. In early 1993, the company signed on to manage a proposed riverboat casino in St. Charles Parish, Louisiana. The proposal was blocked, however, by parish officials. The casino's developer bought out Century's management agreement in 1995 for $4 million, and relocated the project, which eventually opened as Isle of Capri Casino Lake Charles. In Indiana, which had recently legalized riverboat casinos, Century revealed two proposals in September 1993: one casino to be built in Gary in partnership with local investors, and another to be built in Vevay. Within months, the company dr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eldorado Resorts
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020. History The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened on May 24, 1973, by a group of investors that included Don Carano and other members of the Carano family. On July 28, 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises. The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100-million bond offering. In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million. It was then rebranded as the Eldorado Casino Shreveport. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Rock International
Hard Rock Cafe, Inc. is a British-based multinational chain of theme restaurants, memorabilia shops, casinos and museums founded in 1971 by Isaac Tigrett and Peter Morton in London. In 1979, the cafe began covering its walls with rock and roll memorabilia, a tradition which expanded to others in the chain. In 2007, Hard Rock Cafe International (USA), Inc. was sold to the Seminole Tribe of Florida and was headquartered in Orlando, Florida, until April 2018, when the corporate offices were relocated to Davie, Florida. As of July 2018, Hard Rock International has venues in 74 countries, including 172 cafes, 37 hotels, and 4 casinos. On June 10, 2021, Hard Rock announced Lionel Messi as its Hard Rock brand ambassador as the company celebrated its 50th anniversary. History Restaurants The first Hard Rock Cafe opened on June 14, 1971, at 150 Old Park Lane, Hyde Park, London, Hyde Park, Mayfair, London, under the ownership of two Americans, Isaac Tigrett and Peter Morton. Hard R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
