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Firm May Make Rival Offer on Aladdin28 April 2003LAS VEGAS -- As reported by the Wall Street Journal: "Financial Capital Investment Co., which is backed by investors from Los Angeles to Asia, may make a bid for the Aladdin casino resort in Las Vegas. "Richard Alter, managing director of Financial Capital, which owns the Omni Hotel in downtown Los Angeles, said the company wants to outbid a proposal by a Starwood Hotels & Resorts Worldwide Inc. venture to turn the Aladdin into a Planet Hollywood casino and a Sheraton hotel. "...Alter wants to turn the Aladdin into a Far East-themed casino targeting middle-market gamblers. The casino would rely mostly on revenue from slot and video poker machines." |