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NFL May Sack Roski

"…Earlier this week, Roski agreed to buy the landmark Las Vegas Hilton from Park Place Entertainment Corp. for $365 million in cash, receivables and assumed debt. That's on top of the estimated $600 million that Roski, president of Majestic Realty Co., has said he will spend on expanding his only other Las Vegas gaming property: the 300-room Silverton Hotel & Casino.

"But ownership of such gambling businesses is forbidden under the rules of the National Football League. In February, Roski, part owner of the Los Angeles Kings and Lakers, told The Times that he planned to buy a minority stake in an existing NFL team and move it to the Coliseum in Exposition Park.

"…The NFL's prohibition, however, has never seemed to deter Roski as he pursued his ambitions in the gambling and sports businesses. Roski, a partner in the Staples Center in downtown Los Angeles, has played an active role in the current and previous efforts to attract an NFL franchise to Los Angeles despite owning the Silverton Hotel & Casino since 1997.

"…The Silverton is a relatively small gaming property located south of the glamorous Las Vegas Strip. It appeals to mostly local, budget-conscious players with inexpensive rooms and more than 1,100 slot machines.

"…Roski has no plans to go after the high-roller market. Instead, his plans to add 1,500 rooms and remodel another 1,000 are aimed solidly at the middle market, which will complement the Silverton, said industry analysts... "

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