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geline40
Joined: 28 May 2006
Posts: 90
1968 credits
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 Posted: Mon Jun 05, 2006 1:02 am Post subject: Sands Could Sell to Vegas-based Firm for $148 million |
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Sands Could Sell to Vegas-based Firm for $148 million
19 May 2006
LAS VEGAS, Nevada -- As reported by the Reno Gazette Journal: "A Las Vegas 'bad guy' is taking over The Sands Regent in Reno, but casino officials say it's a good thing.
"Las Vegas-based Herbst Gaming Inc. announced Wednesday a $148 million deal to buy Sands, pending approval from shareholders who will get $15 per share.
"Herbst is known for its trademark 'bad guy' cowboy logo, Terrible's casinos and statewide route that services slots in small businesses. It is not publicly traded like Sands, but does have publicly traded debt.
"...The deal is being called a merger, where a subsidiary of Herbst will merge with the Sands, making Sands a wholly owned subsidiary of Herbst..."
http://www.casinocitytimes.com/news/article.cfm?contentId=158576
Any comments on this? |
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crassus5
Joined: 17 Jun 2006
Posts: 29
783 credits
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| Posted: Tue Jun 20, 2006 12:57 pm Post subject: |
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| So then, will the merger still allow Sands to be publicly traded? |
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gambling7
Joined: 17 Jan 2007
Posts: 9
334 credits
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| Posted: Fri Jul 13, 2007 10:26 pm Post subject: Sands For Sale |
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Sands Casino is on a good piece of land and has more than 500 hotel rooms. Once the interior stuff is gone, the Sands will be demolished to make way for a new billion-dollar casino.
Why do you think it's taking so long to sale? They have been on the market for quite some time! |
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