 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Vegas Companies Battle for Illinois Casino19 July 2001LAS VEGAS, Nevada –– As reported by the Chicago Sun-Times: “Two Las Vegas casino companies soon will make lucrative offers to buy out Emerald Casino and take over the company's embattled Rosemont casino site, the Sun-Times has learned. ”MGM Mirage Inc., which operates hotel-casinos in Nevada, Michigan, New York and internationally, and Park Place Entertainment Corp., the world's largest gambling company, have emerged as finalists in the bidding for the majority of Emerald's shares, company sources said Wednesday. ”Bids to Emerald chief executive Kevin Flynn, his father, Donald Flynn, and other family members--who together own 52 percent of the company--could be in before the end of the month, the sources said. ”…Black, female and other minority investors--who allowed Emerald to meet a 20 percent minority-ownership requirement--are hoping for an MGM buyout because they like the way that company gave minority investors in a Detroit casino it owns a say in how the company operates…” |