 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Hotel Firms Compete for Bankrupt Casino9 June 2003LAS VEGAS – As reported by the Associated Press: ``Two of the nation's biggest hotel chains are vying for a coveted piece of the Las Vegas Strip. ``Marriott International and Starwood Hotels & Resorts have aligned themselves with joint ventures hoping to convince bondholders and a federal bankruptcy judge that their bids contain all the right numbers to turn around the struggling Aladdin hotel-casino. ``Marriott wants to plant a Renaissance on the potentially lucrative property and Starwood is planning a Sheraton on the Las Vegas Boulevard site across from the Bellagio and next door to Paris-Las Vegas resort. ``…The $1.4 billion Aladdin opened in August 2000 and filed for Chapter 11 protection more than a year later…” |