Cannery Casino Resorts
Encyclopedia
Cannery Casino Resorts, a North Las Vegas gaming company, is owned by Millennium Gaming (58%) and Oaktree Capital Management
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On September 22, 2006 a 33% interest was sold to Oaktree Capital Management, a private investment firm.
Crown Limited
agreed to purchase the company for $1.8 billion on December 12, 2007. The purchase fell through on March 12, 2009 and Crown paid a $50 million fee and was replaced by a new agreement. The new agreement requires Crown to obtain the approval of the gaming regulators within 90 days or pay an addition $200 million to the owners. If approved, Crown would purchase a 24.5% interest for $370 million and would complete the purchase of the company within two years for the original purchase price.
Oaktree Capital Management
Oaktree Capital Management, L.P. is a global investment management corporation with about US$82.4 billion of assets under management. Oaktree's mission is to provide management with a primary emphasis on risk control in a limited number of sophisticated investment specialties...
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History
William Wortman and Renate Schiff who owned the Nevada Palace announced on September 8, 2006 they would convert the Nevada Palace casino into a newly constructed Eastside Cannery. Wortman is a major owner in both Millennium Management and the Nevada Palace. Cannery Casino Resorts will manage the renamed casino.On September 22, 2006 a 33% interest was sold to Oaktree Capital Management, a private investment firm.
Crown Limited
Crown Limited
Crown Limited is one of Australia's largest gaming and entertainment groups. At June 2010, Crown Limited had a market capitalisation of just over A$6 billion and accounted for 27.53% of the S&P/ASX 200 Hotels Restaurants & Leisure Industry Group....
agreed to purchase the company for $1.8 billion on December 12, 2007. The purchase fell through on March 12, 2009 and Crown paid a $50 million fee and was replaced by a new agreement. The new agreement requires Crown to obtain the approval of the gaming regulators within 90 days or pay an addition $200 million to the owners. If approved, Crown would purchase a 24.5% interest for $370 million and would complete the purchase of the company within two years for the original purchase price.
Owned
- Cannery Casino and HotelCannery Casino and HotelCannery Casino and Hotel is a locals casino located in North Las Vegas, Nevada on and is a joint venture between Millennium Management Group and Oaktree Capital Management. The casino is operated by Cannery Casino Resorts...
- The Rampart CasinoRampart CasinoThe Rampart Casino is operated by Cannery Casino Resorts under a 10 year lease agreement. Rampart is both a locals casino and a tourist casino. It has of space and a 115 seat race and sports book along with table games.- History :...
- Eastside Cannery Hotel and CasinoEastside Cannery Hotel and CasinoEastside Cannery Hotel and Casino, a $250 million project on the Boulder Highway in Sunrise Manor, Nevada is owned and operated by Cannery Casino Resorts...
- The Meadows Racetrack and CasinoThe Meadows Racetrack and CasinoThe Meadows Racetrack and Casino is a standardbred harness racing track and slot machine casino in North Strabane Township near Meadow Lands, Washington County, Pennsylvania, United States. The facility is located between U.S...